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Evaluate the view that increasingly global nature of culture and economic forces will benefit the rich industrialised nations of the world more than it will benefit developing countries.
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| Submitted: Thu Sep 18 2003
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Evaluate the view that increasingly global nature of culture and economic forces will benefit the rich industrialised nations of the world more than it will benefit developing countries. According to Walters, globalisation is a 'social process in which the constraints of geography on social and cultural arrangements recede and in which people become increasingly aware that they are receding.' However, globalisation has very different consequences for rich industrialised nations and developing countries. Globalisation has not only made the world smaller, it has also made it interdependent. An investment decision made in London can spell unemployment for thousands in Indonesia, while a business decision taken in Tokyo can create thousands of new jobs for workers in northeast England. This is known as the 'Global Village.' The Dependency Theory, which derives from Marxist thought, largely supports the view that globalisation benefits rich industrialised nations more than developing countries. As UN Secretary-General Kofi Annan pointed...
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