Sustainable Development in Developing Countries

Globalization refers to the process integration and interaction amongst companies, government and people from different nations, normally driven by investment and international trade. The process has direct effects on the environment and overall economic development (Elmawazini et al. 2013, p. 303). The concept of globalization is relatively controversial. The proponents of globalization believe that it enables developing countries to grow economically and raise living standards. However, opponents argue that globalization only benefits multinational corporations. Therefore, resistance to globalization has taken a new dimension as people try to manage capital, labor and ideas towards globalization (Elmawazini et al. 2013, p. 304).
The major problem facing Adelia is that the country has confined the production to the national economy. Therefore, embracing globalization is a major recipe for the organization of production and economic activities at a global level.
Many economists consider globalization as a means through which integration is enhanced through factor flow and trade. Some scholars argue that the globalization is reflected by the relative commodity prices between the trading nations. The convergence of the relative prices acts as the central manifestation of globalization. Some researchers measure globalization in terms of factor flows and growth of trade. Also, globalization can be perceived as the primary process for achieving economic liberalization. This enhances the closeness of economic relations (Zgurovsky 2007, p. 1).
The preferred outcome indicator for globalization is the economic distance between the economies. Also, globalization is manifested through the rising product flows, services, finance, and immediate inputs. The measures that are commonly used relate to trade and capital. The policies required in facilitating freer trade, borrowing and direct investment necessitate measuring globalization.&nbsp.