Globalization entails the increased dependency of developing countries on the west. Discuss.

Globalization.  It is regarded by some as an irresistible and desirable force sweeping across frontiers, overthrowing governments, liberating individuals: enriching everything it touches.  Others regard it as an undesirable malign force that impoverish the masses, destroys cultures, undermines democracy, ruins the environment and enthrones greed.

I will be finding out in this essay, if globalization is a good thing or not, and if it has indeed, made third world countries more dependant on the west.

We live in a world of twenty-four hour trading in which billions of dollars are sent around the globe for an eighteen cent phone connection.  This is the age of globalization, considered an economic phenomenon, Boutros-Ghali, (1996), where technology is…(short extract)