Economic Development

Running Head : ECONOMIC DEVELOPMENTEconomic Development[Author][Institute][Instructor][Course Code]Economic DevelopmentINTRODUCTIONGlobalization is the process where people among nations bound external standards for goods and services or the market itself . The main abstract of planetaryization is form a single society that functions unitedly . More often , globalization is reflected to economic globalization . This kindly of globalization incorporates national economies into the international economy in terms of market , trade capital flows , technologies , and foreign and topical anaesthetic investmentsECONOMIC GLOBALIZATIONThe local market does not exist for itself . This market is interconnected by dint of a series of other markets locally and internationally .

The global common market affects economic development of a special nation whenever one economy collapse due to setbacks of economic strategies set by its government and failure of connections in the international marketsOne of the benefits from globalization to economic development in one s inelegant is the standardization of goods (dry and wet ) and services worldwide . For example , calculator and cell phone materials are standardized for manufacturers of these products around the humans . This makes is easy for the producers to search for quality but with cut back determine materials . Economic globalization helped many countries to avail the recent technologies and get it on with changing environment . In effect manufacturers and /or producers bleed to be more competitive in a particularised market . Also , prices tend to be more presumable , prices become cheaper Competition among producers resulted for better quality produced and command lower prices , which , the customers have more chances to...If you want to get a sound essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper