Question

Using examples, assess the changes brought by globalisation to one emgering country

Answer 1

Step-by-step explanation:

Certainly! Let's take the example of Brazil, an emerging country that has experienced significant changes due to globalization. Here are some key areas where globalization has impacted Brazil:

Economic Growth: Globalization has played a crucial role in Brazil's economic growth. The country has attracted foreign direct investment (FDI) and expanded its exports in various sectors. For instance, the agricultural industry has seen increased exports of products such as soybeans, beef, and coffee, contributing to Brazil's economic development.

Industrialization and Manufacturing: Globalization has boosted Brazil's industrialization and manufacturing sectors. The country has attracted multinational corporations, leading to the establishment of production facilities and the transfer of technology. Automobile manufacturers like Volkswagen and General Motors have set up plants in Brazil, creating job opportunities and expanding the manufacturing sector.

Access to International Markets: Globalization has provided Brazil with access to international markets. The country has become a global player in sectors such as aviation, mining, and energy. For example, companies like Embraer, a Brazilian aerospace conglomerate, have gained international recognition for manufacturing commercial and military aircraft.

Technology and Innovation: Globalization has facilitated technology transfer and innovation in Brazil. The country has witnessed advancements in sectors like information technology, telecommunications, and renewable energy. Companies like Natura, a Brazilian cosmetics company, have embraced sustainable practices and expanded globally, leveraging technological advancements.

It's important to note that while globalization has brought benefits to Brazil, it has also presented challenges such as income inequality, environmental concerns, and cultural assimilation. Nonetheless, the impact of globalization on Brazil has been significant, transforming its economy, society, and cultural landscape over the years.

Answer 2

Globalisation has brought various changes to emerging countries like China, including growth due to multinational corporations' investments, enhanced standards of living from market-oriented economic reforms, and increased human capital development. Nonetheless, this growth comes with challenges such as environmental harm, worker exploitation, pandemics, and loss of local culture.

Step-by-step explanation:

Globalisation has brought about significant changes in emerging countries, which can be observed through the lens of multinational corporations (MNCs). These entities affect local politics, worker conditions, and the environment. For example, let's consider China, which has experienced rapid industrial growth due in part to foreign investments from MNCs. This growth has resulted in increased employment opportunities but has also led to challenges such as poor working conditions and significant environmental degradation.

Market-oriented economic reforms in China have led to substantial improvements in the standard of living for many. However, these reforms have also brought challenges, including maintaining sustainable growth rates and addressing poverty traps. With globalization, investment in human capital development through education and health has become more feasible, harnessing modern technology to enhance these sectors.

Challenges such as pandemics and the loss of local culture illustrate some negative aspects of global connectivity. Table 1.2 reflects how nations like China have benefited from the surge of globalization, becoming more connected economically. Yet, such connectivity can lead to vulnerabilities like the rapid spread of disease and cultural homogenization.