Industrialization of the Third World Analytical Essay by Nicky

Industrialization of the Third World
An argument highlighting the flaws in Robert N. Gwynne's text, "New Horizons? Third World Industrialization in an International Framework".
# 128024 | 825 words | 0 sources | 2010 | US
Published on Jun 24, 2010 in Economics (International) , Economics (Globalization)

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The paper explains the position of Robert N. Gwynne, who argues in his article "New Horizons? Third World Industrialization in an International Framework", that developed countries' approach to industrialization will ultimately drive forward the development of the third world. The paper contends, however, that globalization has served to instigate world poverty while failing to keep its promise to accelerate the progress of all nations. The paper contends further that globalization, with its free trade practices, has caused many violations of human rights. The paper strongly disagrees with Gwynne's beliefs that the eventual benefits to developing states will be monumental.

From the Paper:

"The process of globalization, spurred by the inception of 'free trade' and a strategy of closer economic inter-dependency between nations, has produced a framework for global re-organization which, as captured in Gwynne's text, New Horizons? Third World Industrialization in an International Framework, is indicative of a deeply divided world perspective on how best to merge the shared interests present and pertinent to parties large and small in the global community. Gwynne's text is somewhat prescient, composed in 1990 and yet approaching many of the issues which are pertinent to us today. Particularly, Gwynne promotes the theoretical perspective that has been used to endorse so many of the provisions of an internationalizing economy. Gwynne predicts such patterns as the increasingly externalized American economy, which was at the time of his writing driven by the assumption that opening international borders would help to improve the conditions of the developing world while simultaneously meeting American labor and production demands."

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