'Economic and Financial Committee Essay\r'

'This letter is to address the widening cracking between the well-off and poor in developing nations, and how globalization policies build a situation that lessens that gap. In many developing countries there is entirely a poor grade and a rich class. Developed nations are characterized by the presence of a inwardness class. The middle class bridge overs the gap between rich and poor, and when developing nations can grow a fully functioning middle class within their societies, the contrasts between rich and poor wait to deplete.\r\nIn a viewpoint essay redact by Debra Miller (2008) entitled â€Å"Globalization Promotes country Both Directly and In tellly” this concept is demonstrated. The enter of the article is that globalization efforts create an stinting and entrepreneurial middle class who then demand and urge democratization in developing countries. As a matter of policy, economic reform, through globalization, should precede democratization. For subject g lasnost in Russia, or democracy and freedom onward economic reform, proved to be unsuccessful. While in China economic reform before political change has proven to be an effective policy.\r\nThe conclusions of Jagdish Bhagwati, capital of South Carolina University economics professor and U. N. advisor, demonstrate the attend to of bridging the economic and class gap. A small farmer in India used the internet to take his crops to both local and international markets. This tool of globalization gave him the freedom to soften prices, as well as supply and demand. This increase economic independence and experience of personal date often translates into political aspirations that eventually lead to policies that bridge the economic gap in such countries.\r\nThe internet is just one tool of globalization. As your direction examines the conditions and policies of other developing nations, it is imperative that you consider the process of globalization that leads to economic reform t hat leads to democracy. Policies and initiatives must strain on supplying developing nations with the tools of globalization, particularly devil to international trade opportunities, that have a direct impact on the individual’s economic and financial situations.\r\nAs these individuals transform into an economic middle class, they allow take action in the brotherly and political affairs in their nations that will, in turn, create a more democratic society that will provide better economic opportunities for all citizens.\r\n credit rating Globalization Promotes Democracy Both Directly and Indirectly. (2007). In Debra Miller Current Controversies: Globalization(). Detroit: Greenhaven Press. 5 May 2008, contend Viewpoints Resource Center via Gale: http://find. galegroup. com/ips/start. do? prodId=IPS Respectfully Submitted,\r\n'