Title: The Effects of Economic Globalization on Developing Countries | Small Business - Chron.com
Headings: The Effects of Economic Globalization on Developing Countries
The Effects of Economic Globalization on Developing Countries
Wages and Inequality
The Effects of Greater Income
Increased Opportunities for Education
Health Status and Longevity
Spread of Infectious Diseases

Content: The Effects of Economic Globalization on Developing Countries | Small Business - Chron.com
The Effects of Economic Globalization on Developing Countries
Small Business
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Finances & Taxes
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Economics
By Elisabeth Natter Updated February 12, 2019
The debate continues to rage over whether or not global expansion of corporations and the opening of economic markets in developing countries is good for the poorest of the world's nations. Do the poor really benefit from investments made by large corporations in their country, or do the rich only get richer? If there is benefit, is it simply in job creation or are there other factors that influence a developing nation's overall well being? Although many factions weigh in on the subject, several basic ideas should be considered. Wages and Inequality
As companies outsource work to poorer countries in pursuit of cheaper labor, many of the poor in these developing countries are able to find work at wages that are finally able to sustain their families. However, as in any job market, it seems that those with a higher level of skills are the ones who receive the most work. Those with less skill may not receive the benefit of higher paying jobs with a foreign company. As a result, inequity develops among the working class creating a divide within the local economies. The less skilled still struggle to gain financial stability while others can rise out of poverty. The Effects of Greater Income
Also, the opening of trade and development of companies in places like China, for example, have led to huge increases in manufacturing and sales.