Many critics have characterized globalisation as a race to the bottom in which the free play of market forces drives wages and labour standards in the poorest countries even lower as the latter attempt to attract foreign investment. ... European and Western countries can export different products because they don't depend on one only, so developing countries' economy is more fragile and in order to get out of this situation they borrow money to do investments. ...

• Word Count: 6472
• Approx Pages: 26
• Has Bibliography
• Grade Level: Undergraduate

At the same time, UNDP contributes to efforts at reforming trade, debt relief and investment arrangements to better support national poverty reduction and make globalization work for poor people. ... We have female CEO's, senators, business owners, you name it, however, in many foreign countries this is not the case. ...

• Word Count: 2611
• Approx Pages: 10
• Grade Level: High School