Sunday, May 30, 2010

The bad side of Globalization on Africa


There are many different kind of agreement that exists in this world whether fair or unfair. However, the most important element is to respect the equity and obtain the satisfaction of all the parties involved in a deal. The concept of globalization has been developed in the aim of increasing international relations on commercial purposes. Unfortunately, Globalization is not as equitable for all countries as it should be. It has been more profitable for the rich countries than for the poor ones. Indeed, Africa for example, encounters some disadvantages with the globalization; it is unconceivable that you have a product and you are not allow to pricing it. African people produce products that they sell to the rich countries at the price decide by these latter. Even problems with currencies do not help African merchants to develop import and export. African people have to buy goods in euros but they have to sell their products in euro. Since euro is stronger than dollar, that simply means that, they sell cheaper or more expensive they product depending of the value of the dollar at the time of the selling. Moreover, the rich countries decide the rules and the decisions that are applied to globalization. That is why a reform of globalization is important to make this interesting solution to respect its principal objectives.

1 comment:

  1. I think you are right countries take advantage from the ones they can. Yet you must consider the fact that this is the way that life has run from the beginning of time: the big fish eats the small one. Therefore a reform it's quite unlikely to happen.

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