Globalization affects developing countries in complex ways: it can accelerate economic growth, attract foreign investment, and reduce poverty — but it can also increase inequality, undermine local industries, and create economic dependency.
What Is the Impact of Globalization on Developing Countries? Globalization — the increasing integration of economies, cultures, and societies across national borders — has transformed the economic landscape of developing nations over the past four decades. The effects are neither uniformly positive nor uniformly negative. They depend heavily on a country's institutional strength, policy choices, level of development, and position within global value chains. Understanding these effects is essenti