countires with bad impacts of globalization

On the 5th and the 6th of June 2015, UNITEE is also organising a Business and Trade Fair focusing on the internationalisation of EU SMEs in emerging countries, which gives embassies and chambers of commerce from emerging markets a chance to showcase their country. Consequently, we are active in helping emerging countries to promote their business and investment opportunities and organise, for example, trade missions to these countries.

UNITEE – New European Business Confederation strongly believes in international trade being an effective way to development. Some even go as far as to talk about a “Race to the bottom” in which developing countries engage to lower environmental standards in order to attract foreign investment.Īlthough some of this might be true, international trade can also have positive effects in emerging countries and create new opportunities. Some would argue that the world economy is dominated by transnational corporations which seek to maximise profits without any regards for the development needs of local populations. International trade is believed to exacerbate inequalities between Western countries and emerging countries.

Countires with bad impacts of globalization