Mb0053 write a note on globalization theory

Considering the difficulties pertaining at that time government decided to follow LPG Model. The Growth Economics conditions of India at that time were not very good.

Mb0053 write a note on globalization theory

Electronic Journal of Academic and Special Librarianship v. Globalization as one of the reasons for possible widening of the gap between the poor and the rich nations was examined and the emerging concept of "digital slavery" was carefully evaluated.

The wide gap in availability and use of ICTs across the world and the influences ICTs exert on globalization at the expense of developing countries were carefully examined and suggestions and necessary policies were offered for developing countries to leap-frog the industrialization stage and transform their economies into high value-added information economies that can compete with the advanced countries on the global market.

This is why it is important for Africa, in general, and Nigeria, in particular, to be aware of the implications, prepare to avoid the most telling consequences and prepare to meet its challenges.

Introduction The information revolution and the extraordinary increase in the spread of knowledge have given birth to a new era--one of knowledge and information which effects directly economic, social, cultural and political activities of all regions of the world, including Africa.

Art and Globalization Edited by James Elkins, Zhivka Valiavicharska, and Alice Kim

Governments worldwide have recognized the role that Information and Communication Technologies could play in socio-economic development. A number of countries especially those in the developed world and some in developing countries are putting in place policies and plans designed to transform their economies into an information and knowledge economy.

Countries like USA, Canada, and a number of European countries, as well as Asian countries like India, Singapore, Malaysia, South Korea, Japan, and South American countries like Brazil, Chile, and Mexico among others, and Australia and Mauritius either already have in place comprehensive ICTs policies and plans or are at an advanced stage of implementing these programmes across their economies and societies.

Some of these countries see ICTs and their deployment for socio-economic development as one area where they can quickly establish global dominance and reap tremendous payoff in terms of wealth creation and generation of high quality employment. On the other hand, some other countries regard the development and utilization of ICTs within their economy and society as a key component of their national vision to improve the quality of life, knowledge and international competitiveness.

Technological innovation has contributed to globalization by supplying infrastructure for trans-world connections. Both developed and less-developed countries can not afford to miss out on the opportunities these technologies are creating.

In practice, globalization benefits those with technology, resources, contacts, information and access to markets. It has a negative impact on the poor. The prediction is that the gap between the new winners and losers within the world economy order dominated by an Information and Knowledge Economies will be much larger than the development gap that now exists between the advanced nations and the less developed nations.

African countries are at risk of being further marginalized if they fail to embrace these technologies to transform their economies. As pointed out by the Secretary-General of the United Nations, globalization can benefit humankind as a whole.

At the moment millions of people--perhaps even the majority of the human race--are being denied those benefits. They are poor not because they have too much globalization, but rather that they have too little--or none at all. Many people are actually suffering in different ways--I would say not from globalization itself, but from the failure to manage its adverse effects.

The most significant aspect of ICTs and globalization that should concern the developing countries like Nigeria is the fact that it has led to unprecedented inequalities in the distributing of benefits between developed countries and the less developed.

What is different is the intensity and the magnitude of the inequalities that it generates. In all these developments, there is the underlying assumption that globalization is good for all and that its benefits are shared out even if not equally all over the world.


The more developed countries benefit while the least developed countries tend to remain impoverished and do not share in the benefits. The combined effect of the global fluidity of finance capital, the growth of foreign direct investment, and the emergence of global corporations have greatly undermined the economic and political sovereignty of states--especially the poor ones.

It must be emphasized that the so-called globalized world is riddled with imperfections. First, free trade is far from being free. In developing countries, trade distorting export subsidies and domestic support in agriculture make nonsense of the pretensions to free trade.

Likewise, developed countries restrict the imports of labour-intensive products like textiles that would provide a major boost to exports of developing countries. Free movement of persons across national borders is severely restricted.

Highly skilled personnel and those who have money to invest can cross borders fairly easily. The story is different for lower skilled people and particularly unskilled labour.

These people can hardly move at all. All of the above point to the indices of digital slavery for developing countries. In effect, what we now call globalization is really a globalization of imperfections: The diffusion of ICT into Africa is at a snail's speed, such that the gap between the information-rich developed countries and Africa continues to increase everyday.

Consequently most African countries including Nigeria have not been able to reap the abundant benefits of the global information society and the information economy in areas such as education, health, commerce, agriculture, rural development etc.

It is the objective of this paper to evaluate the effects of ICT in the globalization process and examine the emerging concept of 'Digital Slavery' as it is affecting developing countries. In addition, this paper will try to highlight and discuss the factors responsible for this concept of digital slavery.

What is the 'Agency Theory'

This paper attempts to make developing countries aware of and proactively anticipate the trends, consequences and implications as well as devise appropriate response.Globalization is made possible by the development of cost effective, yet very powerful technologies, including the Intra- and Internet, enterprise resource planning .

Discuss this statement and list the benefits of globalization. Answer: Globalization is a process where businesses Q1. Discuss the factors that attract corporates to healthcare.

Add a note on future outlook of healthcare sector.

Liberalization, Privatization, Globalization (LPG Model) in India

Foreign Trade of India. Q1. Discuss the Heckscher-Ohlin theory of international trade. Answer: Heckscher. According to Ajayi {}, the revolution taking place in information and communication technologies have been the central and driving force for the globalization process. Both developed and less-developed countries can not afford to miss out on the opportunities these technologies are creating.

Discuss this statement and list the benefits of globalization. Adam Smith’s theory 5 10 David Ricardo’s theory 5 3 Regional integration is helping the countries in growing their trade.

Discuss this statement. 3 10 types 7 4 Write short note on: a) GATS (General Agreement on trade in services) b) ILO (International Labour.

Globalization, of course, does more than simply increase the availability of foreign-made consumer products and disrupt traditional producers.

It is also increasing international trade in cultural products and services, such as movies, music, and. 0 Votos desfavoráveis, marcar como não útil.

MB Enviado por Pratibha Dogra.

mb0053 write a note on globalization theory
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