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Evaluate the view that increasingly global nature of culture and economic forces will benefit the rich industrialised nations of the world more than it will benefit developing countries.

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Evaluate the view that increasingly global nature of culture and economic forces will benefit the rich industrialised nations of the world more than it will benefit developing countries. According to Walters, globalisation is a 'social process in which the constraints of geography on social and cultural arrangements recede and in which people become increasingly aware that they are receding.' However, globalisation has very different consequences for rich industrialised nations and developing countries. Globalisation has not only made the world smaller, it has also made it interdependent. An investment decision made in London can spell unemployment for thousands in Indonesia, while a business decision taken in Tokyo can create thousands of new jobs for workers in northeast England. This is known as the 'Global Village.' ...read more.


Even though TNC's can create some employment, the work is often badly paid. Trade in each of the major commodities is dominated by a handful of multinational companies that have the power to dictate prices to small producers. The global market strongly favours the rich, as they are the ones who control it. Rich countries force poor countries to sell them cash crops rather than manufactured good, and subsequently very little financial benefit flows from the rich to poor countries. Prices for primary commodities (excluding oil) have fallen by 50% in real terms over the past 20 years, and the trend is set to continue. For countries dependent on these commodities, globalisation is directly responsible for their economic decline. The Modernisation Theory would disagree with this assessment, as they would point out the possible benefits developing countries can gain. ...read more.


However, it is clear that though there are some benefits for developing countries, they are far outweighed by the benefits reaped by the more developed world. Also, countries such as the UK have been able to maintain their developed status due to extracting resources directly from developing countries. For example, the UK recruits teachers and nurses from developing countries and brings them over to work in the UK. Therefore, developing countries are unable to develop, as their skilled and educated members are leaving for more developed countries, where they can be guaranteed employment and higher wages. This is extremely unfair, as the developing countries then remain dependent on the economically developed countries for aid, as they are prohibited from developing their own societies. Overall, it can be seen that though globalisation does bring about some benefits for the developing countries, there is a prevailing sense that the rich industrialised nations gain much more than the developing countries. ...read more.

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