SOSC 1430 Study Guide - Final Guide: Organic Farming, Well-Order, Agroecology

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1) globalization from above: (defining, and explain important features of globalization. ) Yes the process of globalizations creates millions of jobs but at the 3rd world"s expense. Multinational companies and corporations only come to the 3rd because of the cheap labour and the low wages that the people receive. These companies also extract any wealth and or natural resources that the 3rd retains. The process of globalization also harms the environment in many ways which in the end results in little or no prospects for sustainable development in the 3rd world. Also globalization from above does not help the 3rd world develop in any shape or form. If anything globalization from above continues to paralyze the 3rd world and keep them in their current destructive state, globalization from above only widens and expand the gap between the rich and the poor.