Globalisation has both positive and negative impacts on the welfare of Less Developed Countries (LDCs). They have gained from access to goods and services from developed countries and Newly Industrialised Countries. On the other hand, farmers, particularly in Africa, have had to compete in their domestic markets with subsidised imports from European and American farmers without getting free access to European and American markets.
Issues for analysis and evaluation include:
• consumers in LDCs have gained from greater choice but their infant industries have found it difficult to compete with imports from the developed world
• many LDCs have gained from tourism
• globalisation has contributed to rises in world commodity prices. This has benefitted some LDCs but disadvantaged others
• large tracts of African farmland have been bought by Chinese and Saudi food producers. Local farmers and farm workers have become unemployed
• freer movement of labour has enabled many workers to migrate to developed countries. Quite often this has created skill shortages in LDCs
• globalisation has contributed to global warming which has had a disproportionate impact on LDCs such as Bangladesh which are vulnerable to rising sea levels
• candidates may explore the possibility that terms of trade have been distorted by the developed world to the disadvantage of LDCs.
marlinbito answered the question on July 8, 2018 at 18:34
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