Globalization has a big impact on how developing countries make their plans and policies. Here are a few key ways it does that:
Economic Integration: Many countries start to focus on making it easier for businesses to trade and invest. They do this to attract foreign money. For example, Vietnam has changed its rules to become a place where many companies want to set up factories.
Social Policies: Countries are also working to improve health and education services for their people. They want to meet international standards. For example, some nations prioritize providing healthcare for everyone to match global health goals.
Environmental Considerations: As more people become aware of climate change, it’s important for countries to create plans that protect the environment. Brazil, for example, is now focusing more on protecting the Amazon rainforest.
In short, globalization pushes these countries to change their focus so they can be competitive and responsible to their people.
Globalization has a big impact on how developing countries make their plans and policies. Here are a few key ways it does that:
Economic Integration: Many countries start to focus on making it easier for businesses to trade and invest. They do this to attract foreign money. For example, Vietnam has changed its rules to become a place where many companies want to set up factories.
Social Policies: Countries are also working to improve health and education services for their people. They want to meet international standards. For example, some nations prioritize providing healthcare for everyone to match global health goals.
Environmental Considerations: As more people become aware of climate change, it’s important for countries to create plans that protect the environment. Brazil, for example, is now focusing more on protecting the Amazon rainforest.
In short, globalization pushes these countries to change their focus so they can be competitive and responsible to their people.