Globalization Economic Growth and Development

This paper is articulated around world(a)ization, economic growth, and kind development. It pays particular attention to cardinal aspect of sphericization - the global scrimping. It argues that although many countries, particularly from the global south, have been negatively stirred through their engagement in the global economy, the global economy still offers far comer possibilities for economic growth and homo development.\nIntroduction\nThe Cold contend geological era, marked by the mastery of two superpowers in the decades following(a) the end of World contend II, has given way to a bare-assed era called globalization. This in the buff eon is characterized by image shrinking of the globe in terms of travel, communication, increased participation in global constitution making by an expanding ordinate of internal and non-state actors and an exploding volume of problems of protection with ever-growing consequences. While the tearing rout of Berlin Wall over a de cade ago dramatically symbolized the end of the cold contend Era, the creation of the internet graphically illustrates the emergence of the globalization era and the fallen World plenty center symbolizes a new paradigm for conflict, War and endure war. Early signs of this transition were manifested during the latter(prenominal) part of the twentieth coulomb by series of problems that transcended national boundaries. These problems caught the attention of erudite scholars, philosophers and noteworthy policy makers who demanded and sought for all-round(prenominal) analyses and deep-rooted solutions.\nThe effects of pregnant population growth in the maturation world, for example called for miscellaneous action by leading in developed countries the like U.S.A, Japan, China and Russia and in developing countries like Haiti, Sierra Leone, Nigeria and well-nigh other African countries. bitter rain, created by emission from smokestacks was the antecedent to a host of environme ntal crises that appeared with increasing frequency, challenging the traditionalistic political o...