THE IMPACT OF GLOBALIZATION ON MANAGEMENT IN DEVELOPING COUNTRIES

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THE IMPACT OF GLOBALIZATION ON MANAGEMENT IN DEVELOPING COUNTRIES

ABSTRACT

          Globalization is the term used to describe the growing worldwide interdependence of people and countries. The process has accelerated dramatically in the past decades largely due to advances in technology.

With the advent of globalization, trade barriers between countries have come down, movement between countries has become easier and world’s major financial market have been integrating. This growing worldwide integration has produced diverse consequences may be beneficial or detrimental.

This work examines the effects globalization has on developing countries. The instrument for data collection was the questionnaire. The analysis and findings highlight the two – fold impact of globalization on developing counties.

Finally, this work recommends implementation of sound policies in order to moderate the adverse effects of globalization while consolidating its benefits.