According to OXFAM, gloabalisation is a process of economic integration driven by the liberalisation of trade, investment and capital flows and by rapid technological change. Some people believe that globalisation is a good thing as it brings the world market together and creates chance for those in LEDC as without the MEDC would perhaps suffer.
It is true that globalisation has promoted the trade between countries and some advanced technologies and skilled labours might have a chance to be put in help with the ones in LEDCs. However, the existance of globalisation is still a question mark. …
