Define economic globalization and describe its consequences to developing countries in terms of trade and investment.

Introduction:-Probably the most outstanding aspects of globalization is the frugalal one, in this taradiddle economic globalization will be define with the parole of the nature and the limits of economic globalization, with the volume of make out and level of permutation between countries and the amount by which they have increased, further more than, some more things.

Main body:-Economic globalization expresses the economic exertion in term of interdependence and integration between economies and economic activity; it can be defined as the process by which markets and production in diametrical countries be becoming increasingly interdependent due to the dynamics of trade in goods and run and flows of capital and technology. In this field there have been umteen undeniable benefits. Globalization has eliminated many economical obstacles that made trade difficult in the past. Free trade and free markets are the crucibles of the global economy and this, even if strongly criticized by many, has an important benefit for both, producers and consumers: the reduction of costs.

(1) Held (2003, p.92-94).

Globalization can affect our individual(prenominal) perception as it changes, because it include the technological development, diplomatic relation, wretched activity and military adventure, also the economic, culture and political ones.



there is debate about globalization split into three different rig, first one is globalist and they see it as a cocksure trend because of the possibility for the market to increase the economy of descale and allocate efficiency, and they claim that there are international trades and investments. They hold and advocate by economic neo-liberals and condemned by neo-Marxists.

Second position is traditionalist which advocates alternative view of the international economy and it formation because the growth of interdependency and integrated economies under the authorization of economic management. Third position is transformationalist, which are sweeping the intense of interdependence and integration by new form in...

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