Are Third Worldcountries the Losers of Globalisation

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Are Third WorldCountries the Losers of Globalisation
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Dennis DamerAre Third World Countries The Losers1/10of Globalisation? Are Third WorldCountries the Losers of Globalisation? Economics Term PaperBy Dennis DamerSS 2002 Content: Page 1. Introduction 22. What is Globalisation? 33. The Origins of Globalisation

34. The Third World 4a. African 4b. Asia 5c. Latin America6d. Russia 75. Globalisation - the Culprit? 76. Bibliography 97. Notes 9
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Dennis DamerAre Third World Countries The Losers2/10of Globalisation? Introduction Today more than a billion people areliving in extreme poverty having lessthan one dollar a day at their disposalto live or merely to survive. Moreover,until 2015 the world’s

population willlikely have grown to 7 billion1. Add tothat 58 million HIV/Aids infectionslargely in the third world countries andmore specifically, Africa.Despite constant lamentation aboutextortionate taxes and poverty inwestern countries Europe, NorthAmerica and

part of Asia is wealthierthan ever in the history of mankind.Investors from Europe put their moneyto work in countries around the world.Wal Mart recently announced $220billion in sales for 2001 making itbigger than the economies ofIndonesia, South Africa or

Turkey².In the last two decades internationalflows of capital, goods, services,information and labour increased involume and accelerated substantially.In some industries national boundariesbecame obsolete, like remnants of a NGOs and pressure groups like

FrenchAttac or Viviane Forrester, author of“L’horreur économique”, a ferventcriticism on corporate behaviour andthe failure of politics, have accused theprocessofglobalisationofexacerbatingexistingglobalinequalities and being responsible forrising levels of poverty.

Others havestaged violent riots in Seattle andGenoa at WTO summits. In this essay I will attempt at clarifyingthe…...

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