Paper Summary:

This paper examines the globalization process and its cultural impact upon all nations, with an focus on developing nations. In particular, the paper considers Latin America and foreign investment has which has exploded there because of its considerable natural resources, the lower cost of labor and production, and because of its robust and diverse population. The paper concludes by stating that globalization is now the most significant cause of economic and political change that the world has seen in the last two decades.

From the Paper:

"The globalization process and the cultural impact it has upon all nations - but especially developing nations - is a fast-growing concern of academics everywhere. To wit, to give just one example, since 1990 foreign investment has exploded in Latin America because of its considerable natural resources, the lower cost of labour and production, and because of its robust and diverse population. Predictably, many MNCs have now extended their operations to regional offices in different cities around the countries in South America (Granell ,89). Globalization, put simply,..."

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