This paper is critically eva luated some of the impacts of globalisation based on a lot of literatures in many areas. It examines whether globalisation is an opportunity or a threat in developing countries with some evidences and facts. Studies in this paper are mainly focus on the benefits and costs including the factors of economics, technology, environment, competition, equality and employment with the reviews of how these factors impacts developing nations.
1.0 Introduction
Nowadays, globalisation is becoming the hottest topic in the world economy. This paper is mainly to examine the literatures on the topic that the impacts of globalisation in developing countries, and it mainly focus on its benefits and costs. The paper is structured as followed. There are mainly 3 parts in the content. It starts by reviewing the literatures that endorse the view of globalisation is an opportunity for developing countries. And in the second part, it is going to find out the literatures which are considering that globalisation is a threat for developing countries. The final part of this paper will focus on some other authors who considered globalisation is both an opportunity and a threat.