The Importance Of Globalization In Africa
“Don’t look out only for your own interest, but the interests of others, too” Philippians 2:4, NLT. Paul encouraged the cosmopolitan city of Philipi to guard against selfishness and malice, and show others the enduring love of Christ through Hesed. Controversy over globalization is centered around job opportunities lost or gained to outsourcing. Foreign manufacturing sweat shops is the evidence anti-globalization activist use to thwart progress. Before myopic decision are made to stifle globalization, the holistic benefits must be considered. Globalization is a positive influence on the world economy and countries have advanced from its presence.
With Africa’s dwindling portion of the world …show more content…
Africa still showed wages at $1 a day ranking them one of the poorest countries in the world. Wages at $1 a day would not show economic growth without considering population. Population has grown over 300% since 2001 indicating that Africa’s gross domestic product (GDP) also grew to match the growth. Although the cost of living is still at poverty level by American standards, the percent of economic increase shows growth. If globalization were solely based on perceived economic growth, sub-Saharan Africa may appear a globalization failure.
As ambassadors of Christ, we must understand both sides of globalization. In third world countries such as Africa, globalization increases democracy and prosperity above normal processes. Impartiality dictates the understanding that these conditions were already instituted pre-globalization, and cost of living is expected to be low in comparison to American standards (Fischer, n.d.). Poverty-vs-benefits arguments of globalization should also take into account working …show more content…
Following suit, Total and Agip have also adopted the GMoU to meet their stakeholders needs (Aron, 2012). Although Shell has been found lacking in their program effectiveness, Total and Agip have gained large favor in their operating areas. Global corporate citizenship has many challenges to overcome, but none of these projects could have been possible without globalization.
The problematic causes of poverty in Africa can be eradicated if world trade is properly managed. African poverty can be linked to misguided priorities of natural resources, incessant foreign dept., inept regulatory frameworks, corruption, and relentless conflict that impoverishes resources. Poverty in Africa is more a governance problem than globalization (Laryea,