Is Globalization bad for the third world?

The first 200 words of this essay...

Introduction to International Relations

Is Globalization bad for the third world?

04069458

Word Count: 1493

Globalization is defined as the increasing interdependence, integration and interaction between people and corporations in different locations around the globe. In political terms it can be defined as the spread of political sphere of interests to regions and countries outside the area of the political actors. (Wikipedia 2006) The term 'Third world' is a lot more vague, it comes from the cold war when the third world was taken to be the area outside either of the two opposing camps. Now, however, the meaning of the term has changed and has come to represent the Less Economically Developed Countries (LEDC's) of the world, but even this is not a fully accurate term. There is a huge difference between a Sub-Saharan state (for example Ethiopia) and a South East Asian state (for example Thailand) yet they would both be classed as LEDC's, therefore it is very hard to determine if globalization is good or bad for the third world in general.

To form a fair critic of globalization it is important to look at the positive as well as the