Research Essay
Research Essay
Research Essay
Class: EAP5-1223-8
Assignment: (please circle) Res. Report Lit. Review Res. Essay
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RESEARCH ESSAY
Class: EAP5-1223-8
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Globalization, the ever-increasing web of interconnection, connects nations through economic,
cultural, and technical strands. For developing nations, this presents both amazing potential
and difficult obstacles. While acknowledging the challenges presented by globalization, the
development of globalization has surely had a large positive impact on developing countries,
such as fostering economic growth, educational possibilities, and cultural interaction. This
essay will demonstrate that although globalization may have negative impacts on developing
nations, it cannot be denied that the benefits it brings are not only outstanding but also more
important for comprehensive development. The impacts of globalization on the three primary
promotes trade between nations, attracts foreign investment, and expands export markets,
thereby reducing poverty and increasing work opportunities for people in developing
countries. Globalization helped wealthy nations invest in developing countries, which, in turn,
created more job opportunities for people in the countries being invested in. This contributed
to the reduction in the poverty rate as the underprivileged group could access these job
opportunities, leading to higher social mobility. Research suggests that trade liberalization and
GDP growth and significant job creation (Dollar & Kraay 2002). According to the report by
Dollar et al. (2016), over the past three decades, absolute poverty in the developing world has
significantly decreased, from 52% in 1980 to 21% in 2010, largely due to rapid growth in poor
countries like China and India. However, while some nations prosper in the global
marketplace, others worry that multinational corporations will be able to take advantage of
low-cost labor and widen the income gap between states as a result of globalization. While
some nations prosper in the international economy, others worry that globalization will
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increase the rate of unemployment and widen the income gap between states. Benefits from
globalization typically do not significantly affect the incomes of the poor; instead, they mostly
benefit the top 10% of national income distributions (Lang & Tavares 2023). Moreover, the
unemployment (Hamdi 2013). While globalization can lead to increased inequality and
unemployment in some cases, its potential to unlock economic growth and development
remains a powerful force. Furthermore, research has uncovered strong evidence that in nations
with deficient income levels, the wealthy tend to reap the benefits of economic openness; yet,
as income levels grow, the poor and middle class see proportionately larger income increases
economic growth in emerging nations because of its capacity to promote commerce, pull in
expands access to technology, and lowers the rate of illiteracy. Thereby, it will enhance life
quality and provide a better standard of living. Makarova et al. (2019) state that numerous
opportunities arise in the sphere of education as a result of globalization. They also point out
that many students and educators now use the Internet as their primary source of education
since it gives them instant access to information and allows them to pursue distance learning in
order to change careers or acquire new professional skills in various areas of human activity.
rates in developing nations. For example, education has helped in the economic expansion of
the Arab Gulf nations, which has been shown to reduce the level of poverty in the area
(Al’Abri 2011). On the other hand, others contend that, as a result of globalization, skilled
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workers in poorer countries may leave their country in search of greater possibilities abroad,
leading to brain drain in less developed ones. To exemplify, 15% to 20% of university
graduates who depart Kazakhstan are looking for an opportunity to achieve self-actualization
(Zhatkanbaeva et al. 2012). Zhatkanbaeva et al. also consider brain drain as a threat to national
security. It may be true, but professionals with the necessary abilities can work and study
elsewhere, advance their professional development, and then return to support their home
nation. For instance, 9 percent of Silicon Valley start-ups between 1995 and 1998 were
reportedly run by the Indian diaspora, with roughly 70 percent of those businesses operating in
the software industry (Docquier & Rapoport 2012). The paper by Docquier & Rapoport (2012)
also stated that 52 percent of Indian entrepreneurs said they traveled to India at least once a
year for business, 27 percent said they frequently communicated with people back home about
jobs, business opportunities, and technology, 46 percent said they had connections to domestic
Indian companies, 23 percent said they had invested their own money in Indian start-ups, and
45 percent said it was likely they would move back to India. Thus, although globalization
could create brain drain in developing countries, brain drain does not completely have
negative effects; instead, it can bring a lot of opportunities for developing nations’ growth.
undeniable. It gives us the opportunity to approach, learn, and experience different cultural
values, thereby expanding our vision and understanding. Through interaction and knowledge
to bridge national gaps, the globalization of culture enables individuals to learn more about
each other, communicate more, and extend cultural interactions in the modern world (Raikhan
et al. 2014). Moreover, cultural globalization makes it easier for people to connect, trade, and
communicate with each other on a worldwide scale. This is demonstrated by the fact that
English has become a global language, which has greatly simplified communication between
people from diverse backgrounds. 375 million people speak English as a second language on a
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daily basis, while over 700 million people use it occasionally for business or pleasure as a
foreign language (Jensen et al. 2011). On the opposing side, some people argue that
countries in the developing stage. According to Jensen et al. (2011), there are currently about
7,000 languages spoken worldwide, but with one "language death" occurring every 14 days at
the moment, less than half of the languages spoken today are predicted to survive in roughly
100 years. However, globalization is definitely changing the communities it touches, but these
cultures are not static to begin with, and change does not always mean that traditional values
are gone ( Kaul 2012). Furthermore, as stated by Wang (2007), because of the advancement of
science and technology brought by globalization, people are closer than ever. They start to
worry a lot more about maintaining their cultural identity and frequently search for and defend
their heritage (Wang 2007). Therefore, for developing nations’ cultural identities, the
developing nations, the indisputable truth is that its overall impact has been forcefully good.
economic progress, educational opportunities, and cultural interaction and understanding for
developing nations.
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Lang, V & Tavares, MM 2023, ‘The global distribution of gains from globalization’, The
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Milanovic, B 2005, ‘Can we discern the effect of globalization on income distribution?
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Makarova, EA, Makarova, EL & Korsakova, TV 2019, ‘The role of globalization and
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