In other words, the developing countries could get more capital from foreign companies. For example, in the article, "Negative and Positive Effects of Globalization for Developing Country Business," author Don Mcccubbrey, mentions that the GDP of East Asia increased 8 times more than ever before. Globalization and helps millions of people out of poverty, due to exports from industrialized countries (Paragraph 5). Moreover, people who are living in developing countries could get more employment opportunities. The multinational corporations need to reduce cost, so they usually like to set up factories in developing countries. In the article, "The Noble Feat of Nike," author Johan Norbberg, gives an example of a Vietnamese woman who name is Tsi-Chi. He mentions that since Tsi-Chi works for Nike, she gets 5 times wage than before. That is higher than her husband's earnings. Through her income, and she could afford to build a house, and provide her son a better education (Page 188, Page 190). This demonstrates how people from developing countries get more employment opportunities thorough globalization, and how they can earn better wages.
Globalization also provides developing countries with broader markets. It means that globalization gives a chance to developing countries to compete all over the world. This also brings more chances to developing countries to attract overseas investment, to utilize oversea investment. With the development of globalization, capital won't be restricted by national borders. A unified market system can also shaped a country's stability, such as joining in a global economic organization. On the one hand, the developing countries have cheaper labor costs, and a more flexible policy. For example, 90% of toys in America are made in China, and over 50% of clothing in America is made in developing countries. These examples provide job opportunities elsewhere.
