Globalization Your shirt was made in Mexico and your shoes in China. Your CD player comes from Japan.
Globalization in Cambodia, Cured or Cursed?
The term originates from the European age of discovery, but it has rarely used until mid when this term has been heavily used by the IMF and many academics, and it became a study course of the International Relation Major. Separately, globalization has spread into Cambodia in full scale since the UN-organized election As Cambodia abandoned the Communist central planned economy and embraced a free market economy, eventually, the country has opened its door to the world in the first time since Through globalization, Cambodia has thrived with fast economic growth and modernization: However, based on a real condition in the country, dose globalization help or hurt the people in Cambodia?
Sovanna Six-Story Shopping Mall, Phnom Phenh There is Advantages of globalization in cambodia economy that globalization has brought amazing economic growth and increasing standard living of the people.
Such a high growth strongly supported by tourism and exports of textile and farm products. The textile industry, mostly owned by foreign investors, have employed over half a million workers, and the tourism industry has created hundred thousands of jobs and attracted millions of foreign tourists every year.
Along with the textile and tourism, agriculture products--a traditional backbone of the country economy--has become a leading export products after the textile.
Farmer can increase their incomes when their rice and other farmed products are highly demanded by export markets, and also farmers feel wealthier when their land value are multiple increased over the past twenty years.
Globalization not only bring jobs and export markets for the country but also new technologies and ideas for the people. Today most schools, universities, government institutions, and private companies are equipped with high tech-communications--computers, Internet services, and telephones--up to date as most developed countries in the world.
English has been widely used by most educated people and students, and it has become an instructional language in many schools and universities in the country.
Hotels, resorts, casino, real estate developments, banks, businesses and shopping centers have sprung up all over the cities. As business activities have grown, they drive up the land and property value that make some people become millionaires over night. Many kinds of product are imported from many countries around the world: Upper-Class Neighborhood, Phnom Penh Nevertheless, along with prosperity, globalization also brings miserable condition to numerous unfortunate people from the rural areas as well as the cities: The old European proverb says, "If you create property, then you create the poor.
How can we classify the people who live without these basic needs--food, clothes, and shelters? Now we look back to negative effect of globalization: Since it spread into the country inmany peasants lost their lands, and they moved to the cities to search for jobs, especially young people even migrated to foreign countries to find job such as Thailand, Malaysia, South Korea, and so on.
And when people have crowded in the cities, they have faced many problems from shelters, sanitation, traffics, and the high cost of living that made them even more miserable. Phnom Penh now has population nearly 3 millions, among the crowded city in the region.
This is the true negative effect of globalization; however, many countries in the world are able to take advantage from globalization to develop and modernize their economy with minimum negative effect when they have wiser and transparent policy.
Free trade, cheap labor cost, and high demand for products have made the rich countries more beneficial from globalization than the poor countries like Cambodia. Itinerant Homeless Families live on the street, Phnom Penh In conclusion, globalization has brought both positive and negative effects on Cambodian economy, and the people are more likely to get most benefit from it if the government has more transparent and sustainable economic policy.Advantages Of Globalization In Cambodia Economy Cambodia: Issues and Globalization Cambodia: Issues and Globalization Introduction In the globalization trend of the world, many countries join in regional or international organization as EU, APEC, ASEAN, .
The effects of globalization on Cambodia. Written by Chak Sopheap on December 27, Published in Lost in Economic Globalization? on Asia, Cambodia. Judging by the socio-economic changes from the s through to the present decade, the outcomes of globalization in Cambodia have been quite rapid and positive.
May 06, · A story in the Washington Post said “20 years ago globalization was pitched as a strategy that would raise all boats in poor and rich countries alike. Globalization is defined as the act of creating connections between countries across the globe in terms of culture and economy. Almost on every part of the world, citizens have become a part of the global village. Even though various researches stated that there are negative effects of globalization. Cambodia’s regional integration through the Association of South East Asian Nations (ASEAN) in , and the World Trade Organization (WTO) in have spured on the globalization process.
Cambodia has tapped benefits. Advantages And Disadvantages Of Globalization.
OccupyTheory. businesses and brands in developing nations can go bankrupt as huge corporations in developed nations can dominate the economy of their country. Local traditions and cultures may change. The Top 4 Globalization Advantages. 1. Globalization Increases Free Trade. Once the poster child for the benefits of globalization, Cambodia is now being asked to cope with its darker side in the aftermath of the financial crisis.
The four pillars of the country’s economy – tourism, garment-making, construction, and agriculture – are feeling the global pinch in their various ways, writes journalist Anne-Laure.
In the globalization trend of the world, many countries join in regional or international organization as EU, APEC, ASEAN, and especially, WTO, the largest global organization - Cambodia Globalization introduction.
When they join those organization, they hope to reform their own economies and seek for chances to access foreign markets. However, WTO, or globalization, is. Cambodia grow significantly in terms of the expansion in economy, creation more jobs, increased foreign investment and foreign aid.
On the other hand, globalization also has impacted.