Siti Amaliah
1701352820

          Hi, i'm going to discuss about what is globalization and what are the effects in economics. In general, globalization is a linkages between nations or between countries around the world through trade, technology, investment, etc., causing increasingly thin boundary between countries. In my opinion, globalization is a good thing because with globalization we can easily find out what's happening in another countries, increasing knowledge about the world, implementing good habbits that we gained from knowledge, and much more. But, the key of that all is we can get knowledge or information easily and unlimited.

         Now i'm going to explain about economic's globalization. Economic sector to be one of the main objectives in the course of the process of globalization and is one of the most important fields in advancing the welfare of people in a country. Just like what happened in Europe Union, a trade organization in the Europe region that aims to boost European economy. Same as ASEAN, an organization which set up to promote the economy in ASEAN countries. Free trade is one example of the globalization of economic. Free trade is a trading system without government interference or without subsidies, customs, and tariffs. Everything is set up in the agreement, for example NAFTA and CAFTA.

          But, globalization isn't always impact good things in every countries. Only developed countries are feeling the positive effects or benefits of economic globalization. Whereas for developing countries and poor countries, mostly just a matter of exploitation of the developed countries. Although not EVERY developing countries. I personally, really agree with this thing. Even there are World Bank and IMF which specifically assist developing countries and poor countries in economic globalization.

          So, the conclusion is not that i'm disagree with economic globalization or anti-globalization who reject the existence of free market and etc. I agree with economic globalization system because a country could full their needs through doing a free trade with another countries. But, it should be noted again for developing countries and poor countries due not to a movement whose purpose is to improve a country's economy instead be a disaster for the country.

         The question is "How developing and poor countries can feel the benefits of economic globalization ?"

source :
www.ekonomikerakyatan.ugm.ac.id/My%20Web/sembul29_1.html