Reference no: EM132617441

Globalization refers to "a process of accelerated communication and economic integration that transcends national boundaries and increasingly incorporates all parts of the world into a single social system". Some people argue that increasing globalization will speed up the development of the developing countries while other people argue that globalization promotes global inequality, US cultural dominance, environmental degradation in the developing world. What is your view on globalization? Is it beneficial or detrimental to the developing countries?