What relationship is there between gobalization and development.pdf

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What relationship is there between gobalization and development? What relationship is there between gobalization and development? Solution Answer) Globalisation is a complex phenomenon that revolves around political, social and economic spheres of the world. The vast process of globalisation involves exchange of money , trade and technology with transfer of people. So, there are capital as well as financial flows from one country to another. The major relationship between globalisation and development comes from the growth in international trade and building services like banking, insurance, shipping, finance , healthcare and so on. The development of service sector will provide in for the all round development of the nation. This we see as the direct relationship between globalisation and development. Development means economic growth plus enhancing human capital which includes parameters health , nutrition, education and clean environment. Therefore, we have the process of interlinking between developed and developing countries due to globalisation and as a result increased development. It has achieved the goals of economic efficiency and growth with high profits. But, there are some negative impact too. The indirect effect of globalisation on development is that due to integration of economy, people and culture , it has led to fragmentation of societies. It has ignored the goals of equity, poverty eradication and human security. The stark levels of inequality and growing poverty level in the developing nations is the major sign showing negative development due to globalisation. There has been no trickle-down effects of globalisation seen as far. On the other hand , it has only made the developed nations more wealthier while the developing nations surviving at the mercy of the developed nations..

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As per the adage, ‘Every cloud has a silver lining’, we have observed that pro- and anti-globalization go hand in hand. If one section of the society considers it to be advancing for good, other section will always pick the bad out of it. Pro-globalists debate that globalization brings about much increased opportunities for almost everyone, and increased competition is a good thing since it makes agents of production more efficient, the anti-globalists, on the contrary, argue that certain groups of people who are devoid in terms of resources are not currently capable of functioning within the increased competitive pressure that will be brought about by allowing their economic to be more connected to the rest of the world. Let's read more to understand the impact of both the faces of globalists, their ideology and perception. Happy reading!

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Globalization is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. Countries have built economic partnerships to facilitate these movements over many centuries. But the term gained popularity after the Cold War in the early 1990s, as these cooperative arrangements shaped modern everyday life. According to WHO, globalization can be defined as ” the increased interconnectedness and interdependence of peoples and countries. It is generally understood to include two inter-related elements: the opening of international borders to increasingly fast flows of goods, services, finance, people and ideas; and the changes in institutions and policies at national and international levels that facilitate or promote such flows.” What Is Globalization in Geography? In geography, globalization is defined as the set of processes (economic, social, cultural, technological, institutional) that contribute to the relationship between societies and individuals around the world. It is a progressive process by which exchanges and flows between different parts of the world are intensified. Globalization is deeply connected with economic systems and markets, which, on their turn, impact and are impacted by social issues, cultural factors that are hard to overcome, regional specificities, timings of action and collaborative networks. All of this requires, on one hand, global consensus and cooperation, and on the other, country-specific solutions, apart from a good definition of the adjective “just”.

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1 Economic Development of Mashonaland Region Introduction Economic development refers to the creation of wealth that ultimately enables a community to realize benefits and meet its needs. It is a commitment and an investment in the economy so that the community can enhance the prosperity and quality of life for everyone. According to Myint, (2016) economic development is a process in which simple and low-income economies transform into modern and industrial economies through quantitative and qualitative improvements. The theory of economic development defines it as the process through which poor and primitive economies can evolve into relatively prosperous economies. From a public perspective, economic development involves an efficient allocation of limited resources such as land in a manner that benefits people in terms of income distribution and employment. Economic development is usually the responsibility of the government to influence the direction, nature, and viability of investment towards opportunities that assure the growth of the economy. Through sustained economic growth, the government can provide profitable business opportunities to its people, a situation that furthers the growth of the economy. Unified growth is a concept that captures the economic growth process over the course of human existence by focusing on factors such as technology, population growth, and education. The concept encourages the need for governments to actively invest in technology. Through this concept, subnational regions have transitioned from stagnation to a period of sustained economic growth. They achieve this by capturing the key phases of economic development as well as the central role that human capital plays in the economic growth and development process. The concept maintains that the variations in cultural, biogeographical, and institutional characteristics can enhance the transition from stagnation to economic growth and development. The unified growth concept, therefore, contributes to economic geography since it identifies factors that can govern the transition from economic stagnation to economic growth and ultimately economic development. Mashonaland is a subnational region in Northern Zimbabwe divided into three provinces namely Mashonaland West, Mashonaland east Mashonaland central. It borders Zambia to the North and Mozambique to the east and northeast. It is also the traditional homeland of the Shona, a Bantu-speaking group in Zimbabwe. The region has a population of about two million people. The region predominantly consists of savanna grassland although there are areas that have savanna woodland. The economy of the region consists mainly of agriculture, service, and mining industries. Many citizens of this region are predominantly farmers hence agriculture drives the economy of Mashonaland. It also has prospects for tourism which have significantly improved its economy. However, the subnational government is increasingly faced w ...

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