Topic > Globalization: the road to a better world - 697

In a debate on global economic practice, it is evident that two main arguments develop. While some argue that our global economy is self-correcting and that everything will eventually balance out, others dispute that while some countries continue to climb the global economic ladder of success, other less developed nations continue to sink and suffer from poverty, oppression and failure. economic. . Personally I believe the latter of the two. These poverty stricken economic plunderers should be provided with some kind of help from the more advanced and economically stable nations. In a global economy where technology and trade hold enormous amounts of weight in the weight of the economy, it remains equally evident that these underdeveloped countries have neither the resources nor the education to fight such an economic battle. This means that if progress and evolution require a constant increase in technology, education and trade, underdeveloped countries incapable of such industrial progress will continue to sink in their economic position. A possible solution to this crisis remains the closer integration of countries through trade. Driven by the enormous decrease in transport and communication costs as well as by the removal of many artificial trade barriers, the globalization of industry provides developing countries with the resources and capital to solve economic problems. “Increasing the integration of national economies into international expansion...