Globalization: opportunities and risks for developing countries!

Development of new technologies and improvements of countries' commerce have led to globalization. This phenomenon can simply explained by the thought that people all over the world as well as their economies and societies move into a vast village together to benefit one another. Consequently, immense wealth and tremendous comfort are strongly provided to everyone worldwide. However, people who live in developing countries find it a big concern when thinking about globalization. Opportunities of rising …

…this worldwide trade also brings about many crucial threats, which trouble virtually all countries. So it is necessary for human to quickly think about some useful solutions, which can help us to get rid of this urgency for eternity. However, according to The International Federation, as long as the equity of trade rules, transparencies and lower trade barriers are the bases of the international trading system, more and more countries can certainly benefit from globalization.