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To what extent is Globalization likely to increase the developing gap between rich and poor countries Globalisation may be the concept of the 1990s a key by which we understand the transition of human society in to the third millennium My essay will be focusing on the economic side of it I will be explaining the MNCs effect on the poor countries in respect to the rich countries of course intending developed countries and less developed countries in order to do so I will first need to introduce the concept of economic development We will find that the impact of MNCs on LDCs can be under many aspects crucial to the development of the latter even though it is important to bare in mind the positive contribution MNCs can bring in to LDCs However in order to cover all the points of this wide topic it would have been necessary to look at not only the economic side that there is to it but as well political social and cultural sides which are here only briefly referred to ECONOMIC DEVELOPMENT The main concern of theorists of imperialism has been to explain why rich or capitalist states behave the way they do toward poor states With the birth of dozens of new states in the years after the Second World War interest was sparked on the other side of the imperialistic coin so to speak From the point of view of this new states understanding why states behave imperialistically is only part of the problem The other part focuses on the question of how best to deal with richer larger states to achieve economic well-being and political independence Answers to this questions so far at least have been much more numerous than examples of success in attaining these goals The experience of Third World countries in the four decades since the Second World War has demolished one theory after
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