The purpose of the term paper is to determine the effect of globalization on the organization development and change.
Assumptions and delimitations
It was assumed that government will give the right information on the effect of globalization on their relations with other countries and the effect on the economy. It is also assumed that the impact of globalization on the organizational development is apparent and evident. The delimitations include the effect of globalization on the third world countries after the countries passed the free trade policies. Another one is that the research was conducted in ten African countries and eight other countries spread between Europe, Asia, and America.
Hypothesis: Globalization improves the relationships between countries and also improves the economies of countries
Integration of primary and secondary Data
Both primary and secondary data was used in the research. Primary data was collected through personal interviews and surveys and questionnaires. The questions were directed to policy makers and professionals of different nations. Secondary data was obtained from journals and newspapers which talked about globalization and its effects.
Impact of globalization on third world countries
Globalization is the process of global economic, cultural and political integration. Globalization has created better relations between third world countries. Globalization has made the whole globe to become a minute village which can be monitored anywhere in the world. In the third world countries, globalization has resulted in better relations because it has broken down the borders between the countries making them porous. When countries cooperate in such a way, trade between the nations is enhanced. The onset of globalization can be traced to the twentieth century where there the developing countries experienced development in the communication and transport sector. The developments led to a scenario where the national borders appeared to be restraining trade and economic activities between nations (Cuneyt, 2015). To date, globalization has played a significant role in developing nations by improving the economic relations between the countries. Globalization in the third world countries has improved a number of processes in the third world countries. It has improved technological developments within the nations. Developing countries are in dire need of infrastructure development and improving the state if the indigenous industries. The economy of a country can only improve if the country exports more than it imports. If the country has modern industries that manufacture goods, then the country will not have to import a lot of goods; instead, it will export a lot of products to neighboring countries
Conclusion
Exporting goods to other countries increases the Gross Domestic Product of a country as it gets much revenue. Globalization has also improved the healthcare system through the acquisition of modern medical facilities and equipment (Akram, 2011). Patients can now move freely within third world countries to seek medical attention. This has not only improved medical tourisms but also strengthened ties between developing nations.
: Our hypothesis has been proven.
Impacts of Globalization on the Economy
Globalization has played a significant role in improving the economy of many countries, including the developing and the developed nations. Initially, third world nations were not in a position to join the global economy because of the trade restrictions that existed at that time. They could not equal the economic escalation that first world nations had. Globalization through the World Bank and the International Management advised third world nations to push for reforms in the market and radical modifications by means of acquiring grants and pumping it into the economy. The developing nations began to take the step of improving the economy by getting rid of the tariffs while freeing up the economy. Developed countries got an opportunity to start businesses in developing states by providing employment to the poor people. It is evident that globalization has strengthened the ties among developed and developing economies (Akram, 2011). Globalization has also led to an improvement in the economy because goods can be transported easily between countries due to free trade that exists among nations and has also led to a growth in the economy.
Conclusion
Despite the many good advantages of globalization on the economy of the developing countries, there are also disadvantages of globalization on the economy of these countries. For one, globalization has resulted to the rift between the richer and poor. This implies that the benefits of globalization are not universal, to say the least. While the richer and getting richer, the poor are getting poorer. Developed nation has also taken advantage of developing countries by setting up their industries in low wage regions (Fairrooz, 2013). They also lead to pollution in the regions where they set up their industries.
: Our hypothesis has been proven.
References
Cuneyt Kilic, (2015) Effects of Globalization on Economic Growth: Panel Data Analysis for Developing Countries: Economic Insights-Trends and Challenges volume 4 No 1/2015 (pp.1-11) Retrieved from http//www.upg-bulletin-se.m.ro/archive/2015kilie.pdf on April 22, 2016 ]
Akram, M. F. (December, 2011). Globalization and its impacts on the world economic development. (e. Akram, Ed.) Journal of business and social science, 2 (Special issue-Dcember 2011)
Fairrooz (2013). The impact of globalization in the developing countries. Developing country studies, vol. 3, No. 11, 2013 Retrieved from www.iiste.org
