Will this globalisation leads to country's growth (including d Poorer section) or rich's growth?
Answer:
it can lead to all countries benefiting in theory. the problem is that developed nations tend to abuse their power and create trade unions or bully developing nations. the following essays offer some nice albeit not detailed insight to this kind of thing. http://www.econessays.com/page12.htm...
http://www.econessays.com/tradeness.htm...
http://www.econessays.com/korea.htm...
http://www.econessays.com/benefits.htm...
http://www.econessays.com/page1.htm...
In theory who knows. In practice it leads to poverty and a handsome fraction of the world opposes it, both in developed and not developed countries.
Rising oil prices will ultimately kill the proyect.
it can!!
The problem with these questions about globalisation is that nobody every defines what they mean by this concept. Is it lower tariffs and thus greater trade between countries? Is it more investment by companies headquartered in one country in another country? Is it the growth of multinational companies that have operations in many countries. Is it more investors buying company shares or bonds in another country?
as it is in India the rich are getting richer n the poor poorer
Hence
even if globalisation takes place the rich will still get richer but it will also increase the national income of the country leading 2
increase the per capita income which will further lead to high stndard of living. nd the povrty lvl will take a rise (may it b small)
Therefore it will affect both!!!
yes.
Globalisation and Sustainable development :
Globalisation makes more efficient technologies circulate the world. And that might be better than older ones. Of course I know that there might be some ecologically minded consumers sitting in the Netherlands or Germany buying eco-friendly
Yes, globalisation helps sustainable developmentt. But nevertheless it seems obvious that globalisation cannot be a driver for sustainable development. It is easy to be understood because globalisation is nothing else than globalising a historically obsolete, unsustainable economic model. And sure enough, once you globalise the robber economy, you get more of it.
In the view of Hegel, as he followed the unfolding of world’s history, the world spirit works its way up to newer plains in history through the most unlikely events. For Hegel it was clear that individual lust for power, individual greed can even lead civilisation to a higher moral plain. He thought of a kind of an invisible hand; in fact he speaks about Cesar in that term: Cesar went out to conquer Gaul out of lust for power, and out of greed but unintentionally he created the Roman world empire. This is one of Hegel’s examples where the cunning of reason can even work through evil in history, unintentionally bringing about a further step in the perfection of the world spirit. So maybe those who invited me, I thought, are good Hegelians and I better look at the second order effects of globalisation.
If globalisation works in a Hegelian way, then we should expect that something unintended is in the making, something which was not intended by the cheerful protagonists of economic globalization. What I would like to do, therefore, is to look at not the first order consequences of globalisation because the first order consequence, as I said, is basically the spread of the robber economy. There might be second order consequences of globalisation, which I guess might be worthwhile, at least I felt stimulated by those who have invited me, to see if there is anything even more surprising emerging, if there might even be drivers for, maybe, sustainable development. I would like to identify 5 such constellations:
1. Globalisation leads to an epoch of mutual vulnerability; there are consequences;
2. Globalisation leads to the spread of a transnational consumer class, there are consequences;
3. Globalisation leads to, lets put it that way, to the emergence of the China syndrome - with consequences
4. Globalisation leads to a new imperative to go for resource-light wealth;
5. And, globalisation also brings about a rise of cosmopolitan politics.
What if China, India and other counties continue their economic development? One possibility of course is that pollution, GH effect; conflicts on the resources, oil prices will all increase. This may create major disasters, wars and so on, but another possibility is that populations around the globe, politicians, scientists understand that this might happen and that also this might be defended if they take actions timely, so we are discussing the question whether somehow this globalisation which is now so often to increase the problems we are facing, may also be mobilised to promote its resolutions. And we also explore this question, that if this is possible – then under what conditions and what changes in economic thinking for instance may be needed, what changes in governance and so on. Wolfgang Sachs has been writing and discussing about these matters for a long time now .
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