Major problems that face third world countries today

Student Answers krishna-agrawala Student Globalization refers to in which activities of large number of business enterprises is carried out in many different locations across national boundaries. It is much more than just importing or exporting from one country to another. True globalization involves one firm procuring form, manufacturing in, and selling in many different countries.

Major problems that face third world countries today

The advancement of information technology in terms of communication has changed the business environment and trade industry.

Numerous benefits can be obtained by participating in the international trade industry and the WTO extends their policies and implementation of the agreement to fairly accommodate all participating countries. This article intends to investigate the three major factors affecting the trend in the marketing and trade industry over the years due to the changes in business environment.

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These changes are mainly caused by the development of information technology, globalization and power concentration of power among countries.

The problem however, arises when the top players in the trade industry control these policies and misunderstandings from critics give in to the argument of fairness in trade transactions. This article also discusses the prediction of global exchange rate in the following years and the cause of the global financial crisis.

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The different losses and bailouts for US and European countries is analyzed and its effect on the international trade industry and the author suggests possible solutions for the betterment of the trade industry in general.

There are different forms of trade and the advancement in technology has also changed the economic trend among various industries. In such a way that international trade, most especially in terms of supply and demand is directly related to the events happening all over the world Heakal, The conference held in Bishkek, Kyrgyzstan at the heart of Central Asia, http: For effective trade, however, there are some factors that come into play, they include: The major benefits felt from international trade are, promotion of information exchange which has led to better cultural understanding of different people, it can be attributed to raising the living standards of some people, it has promoted democracy, raised purchasing power of some nations; there is the general feeling of a more united world and countries no longer operate in isolation Worldbank.

The most alarming trend of international trade however is it is increasing the gap between the rich and the poorthe terms of trade are not fair and developed nations seem to be getting all the benefits while the developing nations get the raw deal; it can be termed as modern day imperialism.

Countries are today more affected by the trends of other countries e. This paper intends to analyze the different benefits and problems of International Trade in the aspects of information technology modernity and the global crisis that occurs nowadays.

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Information Technology Three major factors have affected the trend in the marketing and trade industry over the years due to the changes in business environment. The advancement in information technology has paved way to a faster and efficient world for international trade.

Investors can communicate easily with just a click of a button and an investor can now process their business transactions online.

They may also monitor the stock exchange, foreign exchanges, import and export through their mobile phones or through different accessible financial websites. Due to the effect of information technology in the nature of international trade, many companies are interested in outsourcing their businesses as well.

Major problems that face third world countries today

To survive in this environment, businesses must effectively use technology to ensure that they can tap into the right information and act on it quickly.

It has been established that information technology is essential in doing business transactions internationally, most especially in trading goods and services. Therefore, countries participating in international trade also develop their system and technology to cope up with the environment.

An example are financial websites such as Bloomberg that provide the most updated news, data, trade information and it can be viewed by people all over the well. With this, investors all over the world participate in international trade online and can easily access vital information necessary in trade.

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Developing Countries The state of international trade has a great impact on the economy of developing countries most especially for those who basically rely on international trade to increase their GDP.Dec 06,  · Third-world debt problems, threatening the stability of the entire international monetary system, have already prompted Washington to provide emergency credit to .

The Risks of Rapid Urbanization in Developing Countries. It is estimated that by more than two thirds of the world’s population will live in cities, up from about 54 percent today.

Major problems that face third world countries today. By March 26, · 10 greatest threats facing the world negative impact across entire countries and industries if they take any major . In the face of economic problems resulting from the increase in oil prices, Caribbean countries accepted loans from the International Monetary Fund (IMF).

These came at a tremendous cost in the form of the so-called structural adjustment policies. The "Third World" countries all have similar characteristics such as, high birth rates, poverty, high infant morality, high death rates, short life expectancy and dependence on the more advanced countries or "first world".

The second major problem is that of the tipping pont. in the past fourty years much of western manufacturing has been relocated to low-wage third world countries.

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