Essay on Globalization and the Environment

2915 Words Jul 28th, 2012 12 Pages
AN
ASSIGNMENT

BY

ITOHOWO SAM
DEPARTMENT OF GEOGRAPHY
FACULTY OF SOCIAL SCIENCES
UNIVERSITY OF UYO, UYO.

SUBMITTED
TO

PROF. I.E. UKPONG
DEPARTMENT OF GEOGRAPHY AND REGIONAL PLANNING
UNIVERSITY OF UYO, UYO.

MAY, 2012.

INTRODUCTION
Globalization (or globalisation) refers to the increasing global relationships of culture, people, and economic activity. It is generally used to refer to economic globalization: the global distribution of the production of goods and services, through reduction of barriers to international trade such as tariffs, export fees, and import quotas and the reduction of restrictions on the movement of capital and on investment. Globalization may contribute to economic growth in
…show more content…
But there is great variation among the major regions. For instance, the newly industrialized economies (NIEs) of Asia prospered, while African countries as a whole performed poorly. The makeup of a country's exports are an important indicator for success. Manufactured goods exports soared, dominated by developed countries and NIEs. Commodity exports, such as food and raw materials were often produced by developing countries: commodities' share of total exports declined over the period.
Capital and investment movements: Private capital flows to developing countries soared during the 1990s, replacing "aid" or development assistance which fell significantly after the early 1980s. Foreign Direct Investment (FDI) became the most important category. Both portfolio investment and bank credit rose but they have been more volatile, falling sharply in the wake of the financial crisis of the late 1990s.
Migration and movement of people: In the period between 1965–90, the proportion of the labor forces migrating approximately doubled. Most migration occurred between developing countries and Least Developed Countries (LDCs). The flow of migrants to advanced economic countries was claimed to provide a means through which global wages converge. They noted the potential for skills to be transferred back to developing countries as wages in those a countries rise.
Dissemination of knowledge

Related Documents