Essay Caribbean Challenges

Essay Caribbean Challenges-4
To the lawyers, it has to do with ‘the threatened changes in legal status of states and their citizens” (Saker et al. It means different things to different people, but the bottom-line is that these disciplinary-based viewpoints fail to take into consideration the multiplicity and complexity of change processes, and therefore fail to appreciate their effects, both directly and indirectly.

To the lawyers, it has to do with ‘the threatened changes in legal status of states and their citizens” (Saker et al. It means different things to different people, but the bottom-line is that these disciplinary-based viewpoints fail to take into consideration the multiplicity and complexity of change processes, and therefore fail to appreciate their effects, both directly and indirectly.

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But looking closely at the impacts of globalisation on developing countries, one would observe both sides of the coin, in that it has both positive and negative impacts.

Globalisation has had a lot of positive effects on developing countries.

This widely accepted definition shows the way in which globalization today connects the cultures and communities in one corner of the world to development occurring in another country.

Globalization is truly a complex phenomenon ‘which encompasses a great variety of tendencies and trends in the economic, social and cultural spheres’ (Bertucci & Alberti 2001).

James Rosenau, a foremost political scientist, defined globalization as ‘a label that is presently in vogue to account for peoples, activities, norms, ideas, goods, services, and currencies that are decreasingly confined to a geographic space and its local and established practices’ (Stallings 2000).

For those looking at it from the economic angle, it refers to the increasingly internationalized character of the emerging global economy.

There is now an increase in the inflow of foreign direct investment to developing countries as more than a quarter of world foreign direct investment inflows were received between 19 and this has increased yearly (World development indicators in Bertucci & Alberti 2001).

From US billion in 1980, private capital flows to developing countries increased to US 0 billion by 1997 (Bertucci & Alberti 2001).

Another positive impact of globalization on developing countries is an increase in standard of living.

One of the aims of globalization of economies is to reduce poverty, and this aim is being achieved by the increased access to foreign funding from industrialized nations to developing countries.

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