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Globalization In Developing Countries: A Case Study

Decent Essays

Throughout time individuals in different parts of the world have been able to take part in the spread of both goods and services which has also given rise to the growth of many developing countries. One important process that can describe both these aspects is the process of globalization which is a worldwide phenomenon. Globalization can be referred to as a process that “links all the economies through trade in goods and services and foreign direct investment (FDI). “ (Shahbaz et al., 2015). Although globalization is thought to have many positive aspects because it assists in providing economic growth and value to a country there are also a variety of concerns. Globalization has the power to result in environmental consequences because of the need to continuously increase production. Thus, globalization has changed “the relationship between the community, the state and the economy” and also the relationship between the environment (Shiva, 2015, p. 2). As Shiva (2015) mentions “Globalization is restructuring the control over resources in such a way that the natural resources of the poor are systematically taken over by the rich and the pollution of the rich is systematically dumped on the poor “(p. 3). Therefore, developed countries take advantage of the globalization process by offsetting negative environmental effects to developing countries. For the purpose of this paper, the country of India will be used as a case study to demonstrate how globalization causes various

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