Globalization and economic development
Globalization makes the world a small unlike the world, which we are living, so that, the whole world as a small village. Also the globalization "a term commonly used to refer to the free flow of goods and services, capital, technology and knowledge". ( Cheng. M, & Mittelhamme, R. 2008) Also it is "the integration of states through increasing contact, communication and trade to create a single global system in which the process of change increasingly binds people together in a common fate."( Valvant, L. 1995-2009) Moreover, it makes easy to transfer of goods among countries by the public transport such as trains, planes, cars, buses and trucks also by technology like telephones, internet, and faxes. Furthermore, there are many benefits of the globalization in our live because it makes a lot of jobs in the world especially in the poor countries and help them to be veloping countries. In addition, there are many advantages of globalization for example, "Increased free trade between nations, increased liquidity of capital allowing investors in developed nations to invest in developing nations, corporations have greater flexibility to operate across borders, global mass media ties the world together, increased flow of communications allows vital information to be shared between individuals and corporations around the world and greater ease and speed of transportation for goods and people."( Geoffrey L. 2004) However, in other hand there are several disadvantages of globalization "Some economists see globalization as being in the best interest of all states involved, while others believe that increasing modern trade and global economic relations is harmful in many ways. While globalization marks a move in the direction of a more open world-trading government, it can also be connected to damages on independence."( Valvant, L. 1995-2009) also "the international institutions which exist today affect the world economy in variety of ways. To analyse the role of these institutions in effecting the inequality among nations. ( Dutt, A. & Mukhopadhyay, K. 2009) and "increased flow of skilled and non-skilled jobs from developed to developing nations as corporations seek out the cheapest labour, increased likelihood of economic disruptions in one nation effecting all nations, corporate influence of nation-states far exceeds that of civil society organizations and average individuals, threat that control of world media by a handful of corporations will limit cultural expression."( Geoffrey L. 2004)
On the Historic of globalization "it has not origin, in the sense of exact starting point. Rather, the trend had a long gestation period without a precise moment of conception. (Aarat, J. 2000)
For purposes of this research, I am defining the globalization and economic in Arabic counties. To begin with, globalization generally. Secondly, the effects of globalization. Finally, the relation between globalization and Arabic economy.
Based on the above in defining of globalization, the advantages and disadvantages of the globalization and the history of it, this research attempts to describe this issue.
The research will be guided by the following questions:
- What is the globalization?
- What are the effects of globalization?
- What is the relation between globalization and the Arabic economy?
- When globalization was onset?
In this research I will talk about the following subjects:
- Defining the globalization.
- The onset of globalization.
- Advantages and disadvantages of globalization.
The effects of globalization.
- The effects of globalization on economy.
- The effects of globalization on economic culture.
- The effects of globalization on jobs.
- Relation between globalization and Arabic economy.
- Benefits of globalization on Arabic economy.
- Effects of globalization on Arabic economy.
- Cheng, M. And Mittelhammer, R. (2008) Globalization and Economic Development : Impact of social capital and Institutional Building. American Journal of Economics and sociology. Vol. 67, Issues 5, p 859.
- Dutt, A. And Mukhopadhyay, K. (2000) International institutions, globalization and the inequality among nations. Progress in Development studies. Vol. 9, Issue 4, P 325
- Aart, J (2000) Globalization a Critical Introduction. USA: ST. MARTIN'S PRESS, INC.
- Valvant, L. (1995-2009) Advantages and Disadvantages of Globalization? http://www.cheathouse.com/essay/essay_view.php?p_essay_id=62677 (Accessed on 12 December)
- Geoffrey L. (2004) Advantages and Disadvantages of Globalization? http://www.darkseptemberrain.com/ideas/advantages.htm (Accessed on 12 December)