The process of globalization has occurred on our planet over the last hundred years, but like any other historical change, it has its promoters and its detractors. For some experts on the subject, the globalization process brings advantages and prosperity for the entire world; however, for other experts, it is a process that benefits part of the world's population while excluding others. In this essay I will analyze the effects of globalization on developing countries and what kind of advantages and disadvantages are associated with the globalization process. For better understanding, I will start by defining what a developing country (PV) is and give a brief description of the globalization process. Next, I will use some examples to try to conclude whether globalization is good or bad for people from Washington. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay According to the International Monetary Fund (IMF) publishing the World Economic Outlook (WEO); There are several criteria used to classify different economies of the world into advanced economies, emerging markets and developing economies. The three main criteria used for this classification are: "(1) per capita income level, (2) export diversification, so oil exporters who have a high GDP per capita do not fall into the advanced classification because about 70% of their exports are oil, and (3) degree of integration into the global financial system" (2017). In addition to these criteria, the IMF says there are other factors that are taken into consideration when classifying countries for the WEO report. Thus, according to these criteria, we will assume that developing countries are mainly those with a low level of per capita income, non-diversified exports and a low degree of integration into the global financial system. Most states in Central and South America, Africa and South Asia are defined as developing countries. Positive and Negative Effects of Globalization Although globalization is a relatively new word established 50 years ago, it is a process that began in the late 19th century. century and the beginning of the 20th century. Since then, it has influenced the world substantially in politics, culture, education, science, and especially the global economy. Kotilainen and Kaitila (2002, as cited in Hamdi, 2015, p.1) wrote: “The history of globalization dates back to the second half of the twentieth century, the development of transportation and communications technology has led to [a] situation in whose borders appeared to be too limiting for economic activity”. Globalization is described as the development of global integration in the fields of economics, finance, trade and communication capital, goods and services, a further perspective on connections and dependencies is realized (“Globalization”, 2017 It may not seem obvious but, if we think about it, globalization began around the same time the telephone was invented (late 19th century). ); and as we have advanced into an increasingly connected world thanks to the Internet, globalization has become stronger. This stronger globalization creates a strong interdependence between developed and developing countries. Developed countries need raw materials, labor, food, oil and land; in exchange, developed countries provide new technologies, financial aid, investment and medical knowledge to developing countries. Grundlach and Nunnenkamp (1996)they argued that globalization is not a reality of this century, but new communication technologies have enabled the global dispersion of low-cost production (p .3). Krugman (1995) also implements the existence of new aspects in the modern global economy: “These are the increase in intra-trade exchanges, the trade of similar goods between countries; the ability of producers to subdivide the value chain, dividing a production process into numerous geographically separate phases; the resulting emergence of super traders, countries with extremely high trade-to-GDP ratios; and, the most anxiety-provoking novelty, the emergence of large exports of manufactured goods from low-wage to high-wage nations” (p.332). By using both Gundlach and Nunnenkamp, ​​and Krugman's statements to analyze the global economy, we can get a better picture of the current economic situation. Thanks to new shipping techniques and faster communication systems, the vast majority of companies have chosen to relocate their production to countries where restrictions are less rigid and therefore production is less expensive on shipping costs, relocation seems to be more profitable domestic production. This leads to the most commonly used argument against globalization: workers' wages and their working conditions suffer significantly. Almost all researchers agree that globalization has a huge impact. The controversial question is whether this is a positive or negative effect. Opponents of globalization point out that relatively low wages and few labor restrictions compared to developed countries push many international companies to establish their factories in developing countries. This causes environmental problems in those regions, such as pollution caused by long transportation distances, chemical deposits resulting from production waste, deforestation to acquire industrial areas, and the depletion of natural resources. Some argue that selfish global businesses deplete developing countries' resources and oppress progress. Therefore, instead of relying on foreign capital, it is better to protect local industries to provide a growing economy with foresight, as suggested by Tamohara and Takii (2010, p.512). Many authors seem to have a pessimistic approach to the effects of globalization on the DC economy due to three reasons described by Gundlach and Nunnenkamp. First of all, the necessary requirement is adherence to institutionalized regional integration schemes. Second, technological developments in developing countries are endangered by the lack of technological business cooperation between developed and less developed countries. Third, foreign direct investment goes mainly to some of the advanced developing countries while other less developed developing countries are reduced in terms of opportunities for progress (1996, p.2). Another, mostly forgotten, disadvantage of integration with world markets is growing income inequality within nations. This phenomenon is particularly evident among favored regions and vulnerable populations within a developing country. Zhang and Zhang (2003) point out that the interrelationship between globalization and growing income inequality is responsible for globalization allocation doubts. Especially its harmful consequence of weak structures and regions. Most of the profits from integration with world markets are one-sided and therefore lead to growing regional inequality (p.64). Rama (2003) pointed out that globalization creates export-oriented jobs as,.45.1.39)