The Pros And Cons Of Globalization
The first integrated economic block although unrecognized as a block is the United States of America. As it become the only power in the world with out any rivals especially after the collapse of the soviet union, the Europeans started to develop their economic block in order for them to compete with the US as a super power or as an economic power. Leaving the uncivilized and uncoordinated countries out of the blocks so they can always keep trying to catch up with the super …show more content…
It will increase free trade, competition, and nation profits. But these benefits are going mainly towards the nations who have the highest interests in removing tariffs and trade barriers i.e. developed nations. On the other hand the developing countries which are the ones that have the greatest needs for progress and growth are the ones that will be hurt in the process of unification. This globalization trend is simply a new developed or we may say a good looking way to keep the exploitation of the third world countries going on. One may argue for the benefits of globalization for the developing countries, yet time will prove that its a new from of economic imperialism the I personally call Neo-Imperialism.
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