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ket for goods and services and at the same time there are no restrictions to trade. It means that the developing countries that are not in a position to compete with the already developed countries can now compete well with them since you find that with globalization, it means free trade that is a trade which is free from trade restriction. Most of the developing countries found it hard to trade globally due to the introduction of tariffs which were usually high for the infant industries to meet. They had limited exports since the tariffs which were imposed when exporting these goods and services were high hence leading to the increased costs of production. It is out of the increased costs of production that the infant industries from the developing countries could not realize their competitive advantage hence leading to increased poverty levels to these countries. As a result, the countries which are still undergoing development can now benefit from globalization since it means that they are in a position to export their products freely and hence can compete effectively with the other developed countries. As a result, it means that globalization has done so much in eradicating poverty levels especially in the developing countries (Boswell, and Dimitris, 1997).

4.2. Increase employment
Globalization accelerated growth from opening, an accelerated creation of private companies or MNEs and trade expansion have substantially accelerated the pace of job creation. During 1982-1999, the number of new jobs created in manufacturing and services almost doubled from 1965-1982 (Hauser and Oberhänsli, 2002).

Source: adopted from Hauser and Oberhänsli in WTO news creates additional jobs (2002)

According to Eurostat statistic data, in the 17 years from 1982 to 1999, 34 million jobs were created on average every year in manufacturing and services worldwide. From 1991 to 1999, 30.6 million new jobs were created worldwide, slightly less than during the period 1982-1991. This slowdown in job creation is the result of the restructuring of the formerly socialist economies in Europe (CEE/CIS), as the result of earlier mistakes and misallocations during the communist period. Another event was the 1997 Asian crisis that, according to ILO estimates, destroyed approximately 10 million jobs (ILO, 2000). But this latter event came after a period of very high job creation; for the whole period 1991-1999 it is the job losses in Eastern Europe that practically explain the difference, both in absolute and relative terms, in job creation vis-Ã -vis the 1982-1991 period.

Between 1982 and 1999, employment growth was mainly in emerging economies, plus about 80 percent in Latin America and in Africa/Middle East, close to 120% in developing Asia. The very high pace of employment creation in emerging economies has not been a zero-sum game; all regions in the industrialized world participated in the employment gains, both in absolute terms and also relative to total population. The only area with unsatisfactorily low growth in employment was the European Union, but this was clearly not a consequence of globalizationbut of the excessive rigidities that constitute an obstacle to markets' adjustments.

4.3. Enhanced economic interdependence
The sharp rise in trade has been accompanied by an even faster increase in foreign investment flows, as industries and companies relocat本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。