IMPACT OF GLOBALIZATION ON DEVELOPED COUNTRIES

Positive Impact
Culture Technology Education

Negative Impact
Population/Migration Trade Political systems Finances Outsourcing Health

Outsourcing is both one of the pros and cons of globalization. On one hand, it gives opportunity to the corporates to mete out work to its offshore branches or partners and thus, get the work done at a lesser cost. And on other hand, it raises serious concern among local people for the lack of job opportunities in their own native land. Utilization of capital with the cropping up of new markets and new opportunities is definitely the most vital impact of globalization on the richer countries. This in turn would generate more wealth and prosperity. Issues related to ethnic conflicts and diversity could be resolved as a result of intercontinental travel and immigration. And hence, opens the avenue of the cultural benefits. The MNCs are the real winners in the process of "going global". They not only get new consumers, more profits, more assets and employees, but also are able to carve out a global image for themselves. Soft drinks giants like Pepsi or Coca Cola are exemplars in this regard, as they have reached to the farthest of locations from the scorching deserts of Africa to the remote villages of Asia. Read more at Buzzle: http://www.buzzle.com/articles/benefits-ofglobalization.html

IMPACT OF GLOBALIZATION ON DEVELOPING COUNTRIES

employmeGlobalization of Multinational Corporation has been bringing several new jobs to the destination cities such as Hyderabad, Bangalore, etc. New jobs are causing naturally more of engagements and employments (Mohapatra, 2007). The levels of compensation have been variedly higher than what domestic firms would have provided at similar level of professional experience and qualification. A huge amount of wealth generation in these cities have been going on which is leading to the development of businesses and cities are also developing with higher purchasing power for those who are working with foreign organizations. Even the domestic organizations are encouraged to pay higher compensation to their employees who enhance people to live better quality lives indirectly (Held, 1999). Thus these cities are witnessing better living standards and also development in business besides economic growth in the city. Pride of working in global organizations has been on the increase among the young professionals and that has done wonders in increasing their outstanding confidence levels even in their early 20s not seen in any other age group (Lara, 2008). This is a wide positive fact in these destination cities and this is also trickling to the young professionals in other centers of growth. This positive phenomenon with professionalism might give further a strong motivation to the Indian economy. Growth of commercial and housing real estate industry has expanded significantly. Thus globalization has improved the overall economic status of people as well as the Indian nation, as a whole. nt opportunities

ADVANTAGES 1. Intergration of markets: Markets are interlinked- European Union 2. Cheaper Products for Consumer: Trainers are Cheap 3. Leads to Outsourcing in some cases which can lead to job loses: Moving call centers to India. 4. Lowering of international Bariers: Now European Union can Trade with ASEAN and NAFTA. 5. Providing jobs in LEDC's and help develop economy (less Economically Developed Countries) 6. Helps prevent market Saturation in a specific market: stops there being too much competitors in one place e.g too much call centres in UK, so move to India 7. Standardisation of product: the same products can be seen in some many places - e.g coke and McDonalds DISADVANTAGES 1. Intense Competition 2. Widening of Gap between rich and poor countries 3. Harder for Smaller businesses to establish themselves 4. Exploitation of workers: Paying the workers in LEDC's a fraction of what would be paid in to workers in MEDCs. 5. Income generated in Host country is not always spent in the same country - money earned from supplying cheap call centres in India will not be spent in India but maybe in UK or US.

Effects of Migration on zimbabwe & SA

1. People are losing hope 2. Poverty continues to increase 3. Families are being separated 4. Zimbabweans children are dieing 5. Zimbabweans are in danger of racists attacks by South Africans 6. Professionals are leaving the country leaving the poor unattended Effects on Zimbabwe

Positive Effects
1. The money sent from the South Africa helps decrease the migration 2. The education that people may obtain once they leave could be beneficial once they return. Negative Effects

Effects on South Africa

Positive Effects 1. Interconnection of two different yet similar cultures (globalization) 2. Skilled migrants come into the country and contribute to the working force

Negative Effects 1. The continue of migration of Zimbabweans into South Africa leads to xenophobia towards Zimbabweans

2. Incomes and Jobs available decrease

3. Higher levels of prostitution lead to Sexual Transmitted Diseases which leads to mortality 4. Less amount of money designated per person 5. South African government has to spent more money on deportation 6. There has been an increase of illegal immigrants in South Africa

Ways the Issue is being addressed: A.Zimbabwe 1. The most controversial piece of legislation that the Parliament has passed is Amendment 17. Amendment 17 states that the movement of any citizen of Zimbabwe to any other country is unconstitutional because it does not suit the well-being of the political situation in the country. B.South Africa 1. Policy on Immigration Approximately 250 immigrant applications are reviewed daily. The process to become a citizen of South Africa is not a very complex, or complicated, process. The number of people that have migrated from Zimbabwe to South Africa is around 1.7 million. 2. Economic Policy With a high ranking economy and a stable GDP, South Africa provides a great deal of opportunities to many Zimbabweans to start life anew. The unemployment rate in South Africa is almost 70% less than in Zimbabwe.