I know I kind of drifted away from the topic we were given - but here's is what I came up with!

Advancement in global communication has pushed globalization to another level. It opens up new opportunities in developing countries as well as access to industrialized country markets and their technology. It has also created the challenge of growing inequality in a great number of underdeveloped countries that are not included in the process of globalization. To be precise, global communication has had a great impact on the economical growth of underdeveloped countries; leaving the poorest countries to remain poor.

Political issues play a big role in the development of so called third world countries. Many countries have a corrupt government which keeps developed countries from doing trade with them. Trade barriers are set to benefit developed countries which makes it hard for third world countries to join the movement of globalization. Another major point is that these countries are in such debt that they can’t get out of without the help of developed countries but instead of helping these countries they raise the penalties for non-payment of these debts.

Underdeveloped countries have a really small work force due to subsistence agriculture. It refers to farming for the purpose of feeding the family instead of farming for profit. Men are often times forced to practice subsistence agriculture to keep the family alive. Subsistence agriculture does not contribute to a nation’s wealth because it is only concerned with an individual’s survival, which in many cases leads to the lack of women’s rights in a lot of underdeveloped countries. Women in many cases are denied access to education because they are needed at home to keep the family together, do the household etc. Due to the lack of education they know little about protection which then again leads to big families and so on. Kids in these families often times neither have the access or the time to get an education because they are also needed at home to provide for the family. Not only does education cost money these families don’t have but it also takes up time these kids could be spending to help the family survive. This is what economists call the never ending circle of poverty. Without the help of developed countries many of the underdeveloped countries do not have the chance to get out of it on their own. It sure has helped a lot of developing countries to gain national wealth but the poorest of all cannot do it without the help of industrialized nations.

All in all globalization has had a great impact on all economies, especially developing countries which could make the transition and get involved in international trade. One cannot ignore its negative effects though; the low underdeveloped countries are the once suffering from this trend. These issues must be addressed for the world’s peace and prosperity and for the sake of humankind.

Sources

Wolfgang Latz von Westermann, "Diercke Oberstufe. Ausgabe 2005: Diercke Geographie", 2005