Do globalising processes give advantages to developing countries? (Coursework Sample)
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Globalising Processes & Developing Countries 1
DO GLOBALISING PROCESSES GIVE ADVANTAGES TO DEVELOPING COUNTRIES?
Globalising Processes & Developing Countries 2 Do Globalising Processes Give Advantages to Developing Countries?
Today, globalisation might appear a distant concept more practiced and less debated. The extensive global supply chains, coupled by exponentially growing international economic nexuses, account for a positive image of globalisation widely promoted and established. Traveling, global entertainment franchises and internationalized food and dressing culture contribute, moreover, to a standardized, if not harmonized, globe. This understanding of globalisation, and by extension globalising processes, has, however, been challenged on several grounds. Essentially, globalising processes work, argue opponents, against developing countries and in favor of more developed ones. By promoting a Neoliberal model of economic development established, coupled by political, economic and cultural advantages, in developed economies globalising processes are designed and operate according to a specific model non-adopters, including mostly developing countries, must embrace to join a more globlised and prosperous club. The unfolding realities of COVID-19, particularly current pattern of increasing protectionism and international lockdowns, invite a more critical look at globalising processes. More specifically, globalisation is currently under increasing criticism given how benefits of globalising processes appear to be shared only among a handful of developed economies at an extreme disadvantage for developing and least developed economies. In perhaps what could be an ample opportunity to critique recent literature and practices on globalising processes, and by extension globalisation, putting into question globalising processes under current COVID-19 conditions should be more rational and informed. This brief paper is, accordingly, a discussion of underling processes and conditions contributing to what appears to be a clear advantageous position given to developed economies and a more questionable set of benefits developing countries appear to reap from globalising processes.
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