Saturday, December 28, 2019
Analysis Of Karl Marx And The Communist Manifesto
Opening famously with ââ¬Å"the history of all hitherto existing society is the history of class strugglesâ⬠is Karl Marx and Friedrich Engelsââ¬â¢ The Communist Manifesto. Published in 1848, the political pamphlet exercised the belief that communism would dispel capitalism and perpetual class struggles caused by the bourgeoisie, which had remained unchanged as modes of production evolved. Stemming from its origin ââ¬Å"common,â⬠communism proposes the idea of a post-capitalist, classless society where all property is publicly owned and the means of production provide a stable economic base for all. However, despite its many shortcomings, communism offered passing hope to many of those suffering under capitalism. The proposition of communism is outlinedâ⬠¦show more contentâ⬠¦This industrial explosion resulted in a progression in navigation, trade, and communication, further advancing the bourgeoisieââ¬â¢s political and social power. In saying that ââ¬Å"the modern bourgeoisie is itself the product of a long course of development, of a series of revolutions in the modes of production and of exchange,â⬠Marx implies that the bourgeoisie was an upshot of capitalism, which in itself was the supersession of the feudal system. The abolition of feudalism, which was a system in which land and security were exchanged for labor and military protection, was met by Marxââ¬â¢s ironic praise. He suggested that exploitation through egotism ââ¬â usually masked by religious and political pretexts ââ¬â is the most significant repercussion of destroying feudalism. As a result, other feudal classes such as the aristocracy and the peasants faded into obscurity. The emergence of capitalism had reduced human nature to merely a means of obtaining money through either professional or hereditary relations; the majority of connections one obtained in a capitalist society were vehicles for promoting oneââ¬â¢s own wealth and prosperity. Marx attributes the bourgeoisieââ¬â¢s drive to create factories and transportation to the need to expand the lengths to which its power can reach: ââ¬Å"the need of a constantly expanding market for its products chases the bourgeoisie over the whole surface of the globe. It must nestle everywhere, settle everywhere, establish connectionsShow MoreRelatedAnalysis Of Communist Manifesto By Karl Marx804 Words à |à 4 PagesSince the beginning of civilization there has always been a clash between the upper class and lower class. Karl Marx illustrates this at the beginning of Communist Manifesto by listing out the relationships of social classes: ââ¬Å"Freeman and slave, patrician and plebeian, lord and serf, guild-master and journeyman, in a word, oppressor and oppressedâ⬠¦Ã¢â¬ (Marx 14). With these social ranks came forth the Bourgeoisie and Proletariat. The Bourgeoisie being the greedy, money grabbing upper class and the ProletariatRead MoreAnalysis Of Karl Marx And The Co mmunist Manifesto1618 Words à |à 7 Pages Opening with the famous statement ââ¬Å"The history of all hitherto existing society is the history of class strugglesâ⬠is Karl Marx and Friedrich Engelsââ¬â¢ The Communist Manifesto. Published in 1848, the political pamphlet exercised the belief that communism would dispel capitalism and perpetual class struggles caused by the bourgeoisie, which had remained unchanged as modes of production evolved. Stemming from its origin ââ¬Å"common,â⬠communism proposes the idea of a post-capitalist, classless society whereRead MoreSummary and Critical Analysis of the Communist Manifesto by Karl Marx2260 Words à |à 9 PagesSummary I. Bourgeois/Proletarians Individuals have been classified on the basis of prestige acquired mainly through economic success and the accumulation of their wealth throughout history. The Communist Manifesto begins with Karl Marx and Friedrich Engels discussing the differences of the Bourgeois from the Proletarians. The proletariats are exploited and seen as capital, rather than equals by the oppressed bourgeoisie. With the bourgeoisie being a dominant force in the population, they eventuallyRead MoreAnalysis of the Communist Manifesto by Karl Marx and Fredrick Engels711 Words à |à 3 PagesCommunist Manifesto by Karl Marx and Friedrich Engels explains the good parts of the communist system and how it should still apply to the future. They also predicted how the Communist Manifesto can stabilize the class structure without conflict. They talks about how especially through the increase in productivity, the power of the bourgeois class increases. They argues that the social class struggle is the reason for hist orical developments and if there are no more classes then there is no reasonRead More Karl Marx and His Radical Views Essay1169 Words à |à 5 PagesKarl Marx and His Radical Views Karl Marx[i] Karl Marx is among the most important and influential of all modern philosophers who expressed his ideas on humans in nature. According to the University of Dayton, ââ¬Å"the human person is part of a larger history of life on this planet. Through technology humans have the power to have an immense effect on that life.â⬠[ii] The people of his time found that the impact of the Industrial Revolution would further manââ¬â¢s success within thisRead MoreThe Communist Manifesto By Karl Marx And Friedrich Engels Essay929 Words à |à 4 Pagesââ¬Å"The Communist Manifestoâ⬠ââ¬â the work of Karl Marx and Friedrich Engels was published on February 21, 1848. This book is the first document of scientific communism and the first program of the international communist organizations and parties. It is the most systematic work of all thoughts and great teachings of Karl Marx and Friedrich Engels. ââ¬Å"The Communist Manifestoâ⬠consists of the main statement s of the materialistic conception of history, the impartial laws of social development, the laws ofRead MoreKarl Marx And Robert B. Reich And Their View On Economics1584 Words à |à 7 PagesDiscussion: Karl Marx and Robert B. Reich and their view on Economicsâ⬠ââ¬Å"All previous historical movements were movements of minorities, or in the interest of minorities. The proletarian movement is the self-conscious, independent movement of the immense majority. The proletariat, the lowest stratum of our present society, cannot stir, cannot raise itself up without the whole superincumbent strata of official society being sprung into the air.â⬠(Page 222). Karl Marx wrote The Communist Manifesto. ThisRead MoreKarl Marx and Frederick Engel Essay947 Words à |à 4 PagesI believe that Karl Marx and Frederick Engel and W.E.B Du Bois are both right. They both had one specific goal in mind; social equality. Karl Marx and Frederick Engel wanted to close the gap between the ruling class and the working class. The working class were being overworked and underpaid while working in factories. Marx and Engels wanted equality in the society by advocating for a communist society, where all people have equal access to resources. W.E.B Du Bois wanted Afric an Americans to haveRead MoreThe Communist Manifesto By Karl Marx And Friedrich Engels831 Words à |à 4 PagesAdam Hilt November 4, 2015 COMM 8200 Analysis of The Communist Manifesto A spectre is haunting Europe--the spectre of Communism. The Communist Manifesto reflects an attempt by Karl Marx and Friedrich Engels to explain the goals of Communism, as well as the theory behind the movement. Marx sees all of Europe allied against the idea of communism and consistently demonizes it and its followers. This caused the Communists to assemble in London and create this Manifesto in order to make their views publicRead MoreConflict Theory, Karl Marx, and the Communist Manifesto Essay1321 Words à |à 6 PagesConflict Theory, Karl Marx, and The Communist Manifesto In order to understand Marx a few terms need to be defined. The first is Bourgeoisie; these are the Capitalists and they are the employers of wage laborers, and the owners of the means of production. The means of production includes the physical instruments of production such as the machines, and tools, as well as the methods of working (skills, division of labor). The Proletariat is the class of wage-laborers, they do not have their own Analysis Of Karl Marx And The Communist Manifesto Opening with the famous statement ââ¬Å"The history of all hitherto existing society is the history of class strugglesâ⬠is Karl Marx and Friedrich Engelsââ¬â¢ The Communist Manifesto. Published in 1848, the political pamphlet exercised the belief that communism would dispel capitalism and perpetual class struggles caused by the bourgeoisie, which had remained unchanged as modes of production evolved. Stemming from its origin ââ¬Å"common,â⬠communism proposes the idea of a post-capitalist, classless society where its property is publicly owned and its means of production provide a stable economic base for all. The proposition of this strategy is outlined throughout The Communist Manifesto, starting with the criticism of the relationship between theâ⬠¦show more contentâ⬠¦This industrial explosion resulted in a progression in navigation, trade, and communication, further advancing the bourgeoisieââ¬â¢s political power as well. As a result, other feudal classe s such as the aristocracy and the peasants faded into obscurity. In saying that ââ¬Å"the modern bourgeoisie is itself the product of a long course of development, of a series of revolutions in the modes of production and of exchange,â⬠Marx implies that the bourgeoisie was an upshot of capitalism, which in itself was the supersession of feudalism. The bourgeoisie, in having abolished the feudal system in preparation for socialism, was met by Marxââ¬â¢s ironic praise. He suggests that exploitation through egotism ââ¬â usually masked by religious and political pretexts ââ¬â is the most pertinent repercussion of destroying feudalism. The emergence of capitalism had reduced human nature to merely a means of obtaining money through either professional or hereditary relations; the majority of connections one had in a capitalist society were vehicles for promoting oneââ¬â¢s own wealth and prosperity. Marx attributes the bourgeoisieââ¬â¢s drive to create factories and transportation to the need to expand its empire and therefore the lengths to which its power can reach by saying that ââ¬Å"the need of a constantly expanding market for its products chases the bourgeoisie over the whole surface of the globe. It must nestle everywhere, settle everywhere, establish connections everywhere.â⬠With this, owners mustShow MoreRelatedAnalysis Of Communist Manifesto By Karl Marx804 Words à |à 4 PagesSince the beginning of civilization there has always been a clash between the upper class and lower class. Karl Marx illustrates this at the beginning of Communist Manifesto by listing out the relationships of social classes: ââ¬Å"Freeman and slave, patrician and plebeian, lord and serf, guild-master and journeyman, in a word, oppressor and oppressedâ⬠¦Ã¢â¬ (Marx 14). With these social ranks came forth the Bourgeoisie and Proletariat. The Bourgeoisie being the greedy, money g rabbing upper class and the ProletariatRead MoreAnalysis Of Karl Marx And The Communist Manifesto1898 Words à |à 8 Pages Opening famously with ââ¬Å"the history of all hitherto existing society is the history of class strugglesâ⬠is Karl Marx and Friedrich Engelsââ¬â¢ The Communist Manifesto. Published in 1848, the political pamphlet exercised the belief that communism would dispel capitalism and perpetual class struggles caused by the bourgeoisie, which had remained unchanged as modes of production evolved. Stemming from its origin ââ¬Å"common,â⬠communism proposes the idea of a post-capitalist, classless society where all propertyRead MoreSummary and Critical Analysis of the Communist Manifesto by Karl Marx2260 Words à |à 9 PagesSummary I. Bourgeois/Proletarians Individuals have been classified on the basis of prestige acquired mainly through economic success and the accumulation of their wealth throughout history. The Communist Manifesto begins with Karl Marx and Friedrich Engels discussing the differences of the Bourgeois from the Proletarians. The proletariats are exploited and seen as capital, rather than equals by the oppressed bourgeoisie. With the bourgeoisie being a dominant force in the population, they eventuallyRead MoreAnalysis of the Communist Manifesto by Karl Marx and Fredrick Engels711 Words à |à 3 PagesCommunist Manifesto by Karl Marx and Friedrich Engels explains the good parts of the communist system and how it should still apply to the future. They also predicted how the Communist Manifesto can stabilize the class structure without conflict. They talks about how especially through the increase in productivity, the power of the bourgeois class increases. They argues that the social class struggle is the reason for hist orical developments and if there are no more classes then there is no reasonRead More Karl Marx and His Radical Views Essay1169 Words à |à 5 PagesKarl Marx and His Radical Views Karl Marx[i] Karl Marx is among the most important and influential of all modern philosophers who expressed his ideas on humans in nature. According to the University of Dayton, ââ¬Å"the human person is part of a larger history of life on this planet. Through technology humans have the power to have an immense effect on that life.â⬠[ii] The people of his time found that the impact of the Industrial Revolution would further manââ¬â¢s success within thisRead MoreThe Communist Manifesto By Karl Marx And Friedrich Engels Essay929 Words à |à 4 Pagesââ¬Å"The Communist Manifestoâ⬠ââ¬â the work of Karl Marx and Friedrich Engels was published on February 21, 1848. This book is the first document of scientific communism and the first program of the international communist organizations and parties. It is the most systematic work of all thoughts and great teachings of Karl Marx and Friedrich Engels. ââ¬Å"The Communist Manifestoâ⬠consists of the main statement s of the materialistic conception of history, the impartial laws of social development, the laws ofRead MoreKarl Marx And Robert B. Reich And Their View On Economics1584 Words à |à 7 PagesDiscussion: Karl Marx and Robert B. Reich and their view on Economicsâ⬠ââ¬Å"All previous historical movements were movements of minorities, or in the interest of minorities. The proletarian movement is the self-conscious, independent movement of the immense majority. The proletariat, the lowest stratum of our present society, cannot stir, cannot raise itself up without the whole superincumbent strata of official society being sprung into the air.â⬠(Page 222). Karl Marx wrote The Communist Manifesto. ThisRead MoreKarl Marx and Frederick Engel Essay947 Words à |à 4 PagesI believe that Karl Marx and Frederick Engel and W.E.B Du Bois are both right. They both had one specific goal in mind; social equality. Karl Marx and Frederick Engel wanted to close the gap between the ruling class and the working class. The working class were being overworked and underpaid while working in factories. Marx and Engels wanted equality in the society by advocating for a communist society, where all people have equal access to resources. W.E.B Du Bois wanted Afric an Americans to haveRead MoreThe Communist Manifesto By Karl Marx And Friedrich Engels831 Words à |à 4 PagesAdam Hilt November 4, 2015 COMM 8200 Analysis of The Communist Manifesto A spectre is haunting Europe--the spectre of Communism. The Communist Manifesto reflects an attempt by Karl Marx and Friedrich Engels to explain the goals of Communism, as well as the theory behind the movement. Marx sees all of Europe allied against the idea of communism and consistently demonizes it and its followers. This caused the Communists to assemble in London and create this Manifesto in order to make their views publicRead MoreConflict Theory, Karl Marx, and the Communist Manifesto Essay1321 Words à |à 6 PagesConflict Theory, Karl Marx, and The Communist Manifesto In order to understand Marx a few terms need to be defined. The first is Bourgeoisie; these are the Capitalists and they are the employers of wage laborers, and the owners of the means of production. The means of production includes the physical instruments of production such as the machines, and tools, as well as the methods of working (skills, division of labor). The Proletariat is the class of wage-laborers, they do not have their own
Thursday, December 19, 2019
The Failure Of The Philadelphia And Reading Railroad
During the years of 1893 to 1898, the United States went through an economic depression that severely damaged the economy. The final days of the Harrison administrations consisted of the financial failure of the Philadelphia and Reading Railroad in January of 1893, the United States was in deep trouble. After the financial railroad of Philadelphia and Reading Railroad, the National Cordage Co. Railroad failed in May, the Erie Railroad in July, the Northern Pacific in August, the Union Pacific in October and the Atchison, Topeka and Santa Fe Railroad in December (Watkins, n.d.). There was an average of 24 businesses failing per day in the month of May (Schoonover, LaFeber, n.d.). In addition, the Sherman Silver Purchase Act and the ââ¬Å"Billion Dollar Congressâ⬠caused the nations gold reserved to decline as the government began to use a bimetallic monetary system.. The nations reserves dropped under $100 million after President Cleveland was sworn in March of 1893. People b egan to panic and this led to a plunge in the stock market and European investors began to pull their funds from the United States frightened by the weakening economy. This led to a four year depression in which 15,000 companies and 600 banks closed with about one billion dollars worth of bonds defaulted (Schoonover, LaFeber, n.d.). Even though manufacturing was growing much more rapidly than agriculture in the 1880s, data shows that farmers had a prosperous decade. The tables below will show the increaseShow MoreRelated Parking Lots, the Story of Urban Redevelopment in Callowhill1877 Words à |à 8 PagesAs I drive southbound from Trenton into Philadelphia on I95 South it is impossible to avoid potholes, constant construction and terrible drivers. The frustration seems to mount significantly throughout the journey until off in the distance the jutting of skyscrapers can be seen cutting through the clouds, Philadelphia, itââ¬â¢s so close now. I take the Callowhill exit and I know Iââ¬â¢ve made it home, from the exit to my apartment is merely a ten minute drive. Those ten minutes are more than enough toRead MoreSigns, Symbols and Signals of the Underground Railroad Essay3216 Words à |à 13 PagesSigns, Symbols and Signals of the Underground Railroad A journey of hundreds of miles lies before you, through swamp, forest and mountain pass. Your supplies are meager, only what can be comfortably carried so as not to slow your progress to the Promised Land ââ¬â Canada. The stars and coded messages for guidance, you set out through the night, the path illuminated by the intermittent flash of lightning. Without a map and no real knowledge of the surrounding area, your mind races before youRead MoreThe Pullman Strike Of 18941594 Words à |à 7 Pagescircumstances kept aggravating the situation. A major part of this storm was the Panic of 1893, an economic depression that lasted from 1893 to 1897. It began after the failure of two of the nationââ¬â¢s major employers, the Philadelphia and Reading Railroad and the National Cordage Companies. Suddenly banks, steel mills, and railroads started going bankrupt. An estimated 15,000 businesses closed and unemployment rates skyrocketed to 25% nationwide. This depression forced Pullman to reduce wages for hisRead MoreThe Beginning Of The Second Industrialization Era1542 Words à |à 7 Pagesbarely 109,000; thirty years later, it swelled to 1.1 millionâ⬠. (Text) With the construction of a vast railroad system moving goods,cattle and people was a lot easier than ever. After 1880 American cities boomed, power cable cars replaced the horse car, and after the invention of electricity they were replaced too with streetcars and trolleys. Subways were constructed in New York Boston and Philadelphia, in order to prevent traffic jams. People with similar racial or ethnic backgrounds clustered togetherRead More History of Accounting Essay3089 Words à |à 13 Pagestime period (which lasted until 500 BC), Sumeria was a theocracy whose rulers held most land and animals in trust for their religious beliefs, giving drive to their record-keeping efforts. Furthermore, the legal codes, which emerged, penalized the failure to memorialize transactions. The renowned Code of Ham murabi, handed down during the first dynasty of Babylonia (2285 - 2242 BC), for example, required that an agent selling goods for a merchant give the merchant a price quotation under seal or faceRead MoreJohn D. Rockefeller Monster Monopolist or Marketplace Hero5797 Words à |à 24 Pagesread ââ¬Å"Suggestions for the Studentâ⬠and the Introductory Essay. Give them copies of pages 7ââ¬â9. Ask them to read the instructions and then read the introductory essay on the topic. The time line gives them additional information on that topic. This reading could be done in class or as a homework assignment. Make copies of the worksheets and the pages with the sources. Ask students to study the background information on each source and the source itself. Then have them take notes on the sources usingRead MoreHealthcare Essay18323 Words à |à 74 Pagesneighbors in the community. Missing Institutional Core In the United States, no widespread development of hospitals occurred before the 1880s. A few isolated hospitals were either built or developed in rented private houses in large cities, such as Philadelphia, New York, Boston, Cincinnati, New Orleans, and St. Louis. By contrast, general hospital expansion began much before the 1800s in France and Britain (Stevens 1971). In Europe, medical professionals were closely associated with hospitals. New advancesRead MoreRomanticism and Modernism as Strange Bedfellows: A Fresh Look at Jack Kerouacs On the Road12240 Words à |à 49 Pagesset the stage for a romantic foray that gave these freedom seekers a voice to go with their cause. Salââ¬â¢s romantic America of pioneers and Western freedoms appears to coincide with an America of desolation and fear. In his essay, ââ¬Å"Peasant Dreams: Reading On the Road,â⬠Mark Richardson finds the timing of the novelââ¬â¢s publication apropos. The romantic spirit of the novel gives it a positive thread. ââ¬Å"On the Road is tragically optimisticââ¬âa fine figure for the 1950s, a haunted, hopeful, doomed decadeâ⬠Read MoreMGT1FOM Key Management Theorists26579 Words à |à 107 Pagesthat most research focused on social unrest and reform and included ââ¬Ëââ¬Ëpractically no reference to formal organization as the concrete social process by which social action is largely accomplished.ââ¬â¢Ã¢â¬â¢ In Barnardââ¬â¢s opinion, social failures throughout history were due to the failure to provide for human cooperation in formal organizations. Barnard said that the ââ¬Ëââ¬Ëformal organization is that kind of cooperation among men that is conscious, deliberate, and purposeful.ââ¬â¢Ã¢â¬â¢ Barnard believed that by examining formalRead MoreAmerican Civil Rights Movement Essay15820 Words à |à 64 PagesAmerican Constitution: the Story of Making of the Constitution. In 1764 the ââ¬Ësugar actââ¬â¢ was enforced in America, according to which duties were imposed on coffee, wine, silk and other goods. The first Continental Congress was combined in Philadelphia (1774) A list of grievances against the crown. All this conflicts led the revolutionary future of the colonists. May 1775 ââ¬â the second Continental Congress. Decisions: to go to war, call into continental service, to lead the army (George Washington)
Wednesday, December 11, 2019
Service Marketing
Question: Explain how the core product and supplementary services are integrated in the context of an overnight hotel stay. Answer: In a hotel industry, in order to capture all possible opportunities in the market, many hotels and resorts depend upon services like accommodation, entertainment and gambling areas. Many hotels offer or focus mainly on accommodation through their rooms and services related to accommodation since maximum of the revenue gets generated through selling rooms to the customers (Lovelock, 2011). The hotel can also add range of other services as well that can help in increasing the stream of revenue like bars, shops, spas, laundry services, business centre and banquet halls and many more. Among all the services it is important to understand the core products, facilitating and many supporting products (Lovelock, 2011). Core products or services are the one who bring most of the revenue so rooms services or division is the core products for the hotels (Baker, 2016). Core product in general can be defined as a basic form of product and they are the main reason for purchasing the product for the customer from the businesses (Lovelock and Patterson, 2015). In case of hotels and especially overall night hotel stay, the core feature in terms of product or service is hotels rooms that consumers can accommodate for specific time (Nieves, 2016). There are many additional services which are called as peripheral services that help in explaining plus services beside the core service which many organisations offers to capture a competitive advantage in the market place. There are many supplementary products as well which basically assisted the customer in consuming the product in a more wholesome manner (Lovelock and Patterson, 2015). Hotels, in this case usually offers a set of products like customer services or bars or restaurants and online reservation facilities as well. In order to attain a competitive edge or advantage businesses also offers many supporting products that adds in the value provided by core product or services like twenty four seven room services or free newspaper for business travellers or concierge service and many more (Lovelock and Patterson, 2015). Therefore, it can be concluded that the core product for a hotel for overnight stay can be the room and in addition to this the overnight rental which will catch the attention of the customers (Lu and Tseng, 2010). The main components are quality of service provided, scheduling, and nature of the main procedure and the role of consumption for customer in the room. Supplementary services can be an added value to the core products which can be parking or as discussed online reservation and also a complimentary breakfast. Delivery of both kind of services core and supplementary is very crucial and it is important to use various mode like electronic which is through hotel employee, or by the customer (Lu and Tseng, 2010). The use of phone or payments of TV are usually added to the main bill of the room and room service and check in facility are provided by the employees. Reference Baker, M. and Magnini, V.P., 2016. The evolution of services marketing, hospitality marketing and building the constituency model for hospitality marketing. International Journal of Contemporary Hospitality Management, 28(8). Lovelock, C., 2011.Services marketing: People, technology, strategy. Pearson Education India. Lovelock, C. and Patterson, P., 2015.Services marketing. Pearson Australia. Lu, I.Y. and Tseng, C.J., 2010. A study of the service innovation activities of tourist hotels in Taiwan.International Journal of Organizational Innovation (Online),3(1), p.156. Nieves, J. and Diaz-Meneses, G., 2016. Antecedents and outcomes of marketing innovation: an empirical analysis in the hotel industry. International Journal of Contemporary Hospitality Management, 28(8).
Wednesday, December 4, 2019
Global Economic Crisis-Free-Samples for Students-Myassignement
Question: Write a report on Globalization and/or the Current Global Economic Crisis. Answer: The current global economic scenario has been experiencing the implications of an international phenomenon known as the Globalization. The term globalization indicates towards a more open and interconnected global framework, which facilitates the free and easy transfer of goods and services across different countries. As can be gauged from the notion of the term of globalization, the phenomenon is expected to facilitate international trade considerably and is also expected to facilitate the internal cost effectiveness of those industries of the countries in which the country experiences comparative advantages in production, thereby taking the concerned economies on the path of development (Beck, 2015, pp 9-10). However, Globalization, though is expected to have positive effects on the overall international economy, it is however expected to have several negative implications on those countries which are developing or are at low stages of development and in which the condition of the economies are fragile. This may happen because in most of such economies the industrial sectors are either almost non-existent or are at infant state. In such a scenario, Globalization, by opening the countries to entry of foreign efficient companies who can pose a serious threat to the growth and expansion of the domestic industries (Kaplinsky, 2013). Thus, it can be expected that the Globalization may have a distorted and skewed effect on the overall scenario of international economics as the benefits are mainly expected to be accrued to the developed countries. However, the poor and low developed countries face the threat of losing out economic power and growth aspects which may hamper their growth in the long run. The paper tries to analyze the pros and cons of Globalization in this aspect. References Beck, U. (2015).What is globalization?. John Wiley Sons, 9-10. Kaplinsky, R. (2013).Globalization, poverty and inequality: Between a rock and a hard place. John Wiley Sons.
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