There are many types of LEDCs; I will be using China as my main focus point, being that it is the country I live in. China's economic growth per year is among the highest in the world, this is mostly if not entirely because of Globalization. Before 1979 when Deng Xiaoping created the Open Door policy, China's Economy was almost a straight line going down. It was because of lack of globalization that the Chinese lost …
showed first 75 words of 806 total

showed last 75 words of 806 total
…this would have not been tolerated a few decades ago. It was always the eldest that had the power, always a top down structure, but now, it is the bottom commanding the top. Globalization has brought in money into the country, but it has also broken down family values and traditions, besides this money doesn't always go to the people that actually need it, that is one common trait of globalization all around the globe.