The phenomenon of Globalization has been on the uprising for nearly two centuries now. It does not only affect the economically strong countries, like the United States or China for example, but has also always had a direct impact on countries with a weaker financial system, like those from the Middle East and North Africa (MENA) Region for example. In order to analyze the effects of Globalization on the MENA-Region, we need to take a look at how the process of Globalization works and how it shows in the economic growth of different countries. So, what exactly is Globalization?
Globalization describes the process of worldwide interlinkage between not only companies, but also different governments or individuals, regarding a large variety of fields, like the business world or cultural diversity for example. It is driven by the international exchange of labor, goods, and technological innovation, while the flow of information also plays a large role in the process. The effects of Globalization are very complex and undoubtedly not only positive, as many people have to suffer for the great success of others that Globalization allows and promotes.
This shows in the phenomena of free trade, open borders, and the relocation of production in different countries, where labor is cheaper and more effective, for example. It allows customers to buy any goods at any time, while also being able to base their purchase decision on the price of the available product from different providers for instance.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Influence of Globalization on Western countries
- Aspects of Globalization in the MENA-Region
- Influence of Globalization on the process of democratization
- Possible positive effects of Globalization on the MENA-Region
- Possible negative effects of Globalization on the MENA-Region
- Conclusion and suggestions for further procedure in the MENA
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This work aims to analyze the impact of globalization on the Middle East and North Africa (MENA) region, focusing particularly on the economic aspects. It explores how globalization has affected the economic growth and development of the MENA region, comparing it to the experience of Western countries. The analysis examines both the potential benefits and drawbacks of globalization for the region, considering its diverse economic landscape and reliance on oil wealth.
- The complex effects of globalization on economies
- The role of globalization in economic growth and development
- The impact of globalization on the MENA region compared to Western countries
- The potential benefits and challenges of globalization for the MENA region
- The economic diversity and reliance on oil wealth within the MENA region
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This chapter introduces the concept of globalization and its effects on various countries, particularly focusing on the impact of globalization on the MENA region. The chapter emphasizes the significance of understanding globalization's intricacies to analyze its influence on economic growth.
- Influence of Globalization on Western countries: This chapter examines how globalization has impacted Western economies, particularly the United States, highlighting both positive and negative effects. It explores aspects such as outsourcing, technological advancements, and trade agreements, showcasing the complex relationship between globalization and economic development.
- Aspects of Globalization in the MENA-Region: This chapter delves into the diverse economic landscape of the MENA region, recognizing its various economic approaches and resource situations. It explores the region's reliance on oil wealth and its implications for globalization's influence on the MENA's economic development.
Schlüsselwörter (Keywords)
The key concepts of this work include globalization, economic growth, MENA region, oil wealth, Western economies, outsourcing, technological advancements, trade agreements, and economic diversity. These terms provide a framework for understanding the complex interplay between globalization and the economic development of various countries, specifically focusing on the MENA region and its unique challenges and opportunities.
- Quote paper
- Simon Wilken (Author), 2021, Globalisation and its effects on the MENA region. Influence on the process of democratization, Munich, GRIN Verlag, https://www.grin.com/document/1291346
