Globalization

Before I dive in to some of the tentative subjects of my paper I think that it is important to give a brief explanation of what globalization is. The growth of huge multinational corporations has created a situation where businesses from developed countries have the opportunity to set up shop in developing countries in order to control the large markets that reside in the developing nations around the world. What this does is drain away …

…believe that this conclusion is supported by Barber in his book where he analyzes how corporations destroy culture and prevent social welfare by forcing citizens of developing nations to become consumers in a system where the corporations have complete economic control and no concern for the welfare of the people [Barber, 1995]. Also, I plan to show that the fall of communism in the Soviet Union and its subsequent economic troubles is an excellent empirical example.