Globalization and Developing Economics (Demographics and Cultural Implications)
Globalization and Developing Economics (Demographics and Cultural Implications):Globalization as a major developmental concept has enabled many developing countries to make progressive milestones for the past recent years. In this essay research paper a critical study and analysis has been made based on the developing countries of Latin America, South Africa, Asia India and Russia. The impact of globalization as been looked into especially towards attainment of the millennium development goals. As most people think globalization secures the developing world from social and economical miseries, the impact is quit big and is very much evident (Peng 26)….. “Among most of the 4.4 billion people living in Africa, Asia and Latin America life has become a more desperate struggle for survival…across Africa the average household now consumes 25 percent less than in the early 1970s. Between 1995 and 1997 only 21 out of 147 Third World countries recorded per capita growth of over 3% a year–the rate specified by the UN for reduction of poverty…” Equally, the demographic and cultural changes of these developing countries have greatly changed based on the economic trends.
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Consequently, it might not be easy to achieve the millennium development goals for these struggling economies because of the political and economical trends across the world. For instance, due to political instabilities between the state and federal governments and poor international relations then it could take some several years to achieve the MDGs.
Peng, Mike W. Global Business. Mason, OH: Cengage South Western, 2010. 26. Print.
Settersten, Richard A, and Jacqueline L. Angel. Handbook of Sociology of Aging. New York: Springer Verlag, 2011. 119. Internet resource.
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