Globalization

How globalization affects to developing countries?

And choose one country to analyze how they got affected.

The goal of globalization is to provide organizations a superior competitive position with lower operating costs, to gain greater numbers of products, services and consumers. This approach to competition is gained via diversification of resources, the creation and development of new investment opportunities by opening up additional markets, and accessing new raw materials and resources.  The largest impact has been on developing countries, which now are able to attract foreign investors and foreign capital. This has led to both positive and negative effects for those countries.

In most developing countries cities globalization impact will vary greatly in extent and intensity over time, spatially, within and between cultures and social class. Due to the weak financial base and technology, developing countries will be at a disadvantage position in a world of globalised trading of industrial products. Though this may vary within and among regions in developing countries. In Africa and Lagos in particular it will result into paucity of inward foreign direct investment and export of secondary and tertiary products as the traditional strengths of these regions are production and export of primary products, while a high proportion of manufactured goods are imported. Therefore globalization is likely to be of little advantage if any to developing countries as most of them will turn into consuming nations

Globalization compels businesses to adapt to different strategies based on new ideological trends that try to balance rights and interests of both the individual and the community as a whole. This change enables businesses to compete worldwide and also signifies a dramatic change for business leaders, labor and management by legitimately accepting the participation of workers and government in developing and implementing company policies and strategies. Risk...