1. Globalization and Development
Dramatic decreases in transport costs and the rise of fast and cheap telecommunications technology have made geography less relevant and facilitated massive increases in global trade and new forms of multinational production. ... Others argue that the expanding global economy has instead increased global exploitation and inequalities, and further marginalized the developing world. ... Globalization has helped to reduce transport and transaction costs so the potential gains from specialization are increased. Globalization has also increased competition giving people incentives to keep becoming...
- Word Count: 7309
- Approx Pages: 29
- Grade Level: Graduate