Globalisation and Its Impact on Both Developed and Underdeveloped Countries

This paper examines the concept of 'Globalisation' and its impact on both developed and underdeveloped countries. The opponents to globalisation view growing international trade as detrimental to the interests of developing countries. However, there is no doubt globalisation has the ability to reduce poverty and economic inequality throughout the world. The issue remains whether the aid provided to underdeveloped countries gets to those who need it the most. The presence of corruption and political instability are detrimental to globalisation and make it unachievable. …