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  • The Effects of Globalization in Korea Compared to Haiti

     

    Essays2 Economics

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ID number:816046
Evaluation:
Published: 19.11.2003.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

The Merriam-Webster's dictionary defines globalization as "to make worldwide in scope or application." Many third world countries around the world have been affected by globalization. In the book Eyes of the Heart, by Jean-Bertrand Aristide, the author writes about the Haitian people's struggle to survive with peace and simple dignity amidst the violence and devastation wrought on them by a two-hundred-year-plus encounter with the predatory forces of a global economy. Not only is Haiti going through this devastation a dominant country such as the Republic of Korea has gone through this same distress. Yet, there are many differences between these countries, Haiti is still suffering and the Republic of Korea has increased and benefited from this effect of globalization.
The world is experiencing rapid changes in vast areas caused by the new tide of globalization and information capabilities. In this age of economic growth, "more than 1.3 billion people live on less than one dollar a day. Three billion people, or half the population of the world, live on less than two dollars a day. Yet this same planet is experiencing unprecedented economic growth."

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