Emerging Economies in Africa According to Han et al., globalization can increase wealth and efficiency in developed and developing nations, create jobs and decrease poverty. The trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies, in the estimation of Han et al., is a process that can ensure that the smallest of nations will be able to maximize the use of their resources and improve the standard of living for all. For this reason, many African nations once believed to be insignificant players in the global economy are now being targeted for extensive growth. Looking at the examples of economic and social indicators in Liberia and Uganda, two of the world’s least...The end:
.....ate a clear connection between globalization practices and economic growth in developing countries, and Uganda’s openness to trade and change means that they can provide an excellent investment opportunity. References CIA. World Factbook: Liberia. Washington, DC: Central Intelligence Agency, 2009. Oketch, M. Uganda: IMF Downgrades Economic Growth Forecast. The Monitor. Kampala, 3 November 2008. Wild, L., Wild, K., and Han, J. International Business: The challenges of Globalization. Toronto: Pearson, 2008. World Bank. Country Brief: Uganda. Kampala: World Bank, 2006. World Bank Independent Evaluation Group. Doing Business: An Independent Evaluation. Taking Measure of the World Bank-IFC Doing Business Indicators. Washington: World Bank, 2008.