An important trend occurring in the world economy is the process of globalization. Globalization is the progressive integration between national economies and the breaking down of barriers between trade and financial flows around the world, which will eventually lead to the emergence of a single world market. Globalization has affected many different nations in different ways, depending on their degree of development and extent to which they are open to the flows of the world …
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showed last 75 words of 1617 total
…are against globalisation have got laws and regulations, human rights against TNC's - so people don't be used as cheap labour like Nike and McDonalds have done, which was also mentioned above. As seen above, there are negative and positive impacts of globalisation on developing countries. Transnational corporations also contribute to globalisation in both negative and positive ways. Countries do things in their power to increase the positive impacts and to decrease the negative impacts.