Industrialised Countries Essay

freshly industrialised countries cook been, and continue to be, the hotheaded depict of globalizationTo what extent do you agree with this commandGlobalisation jakes be seen as the change magnitude flow of goods, services and information across countries, and it is operate by rapid technological appendage and change magnitude connectivity between countries of the world. It also establishes and maintains stinting and political dealing between these countries. Some of the factors that have affected globalisation include technological innovation as it had do transport and communication around the world easier, care has also played an important role in encouraging globalisation. Trade between countries in the certain world and the developing world has specifically been the biggest driving military group of globalisation. Newly industrialised countries or NICs are countries whose economies have not yet reached primary world economic status but their economic growth are sti ll increasing more(prenominal) than other developing countries. NICs are replacement their current agriculture- found economy into a more industrialised, urban economy.Current NICs include China, India, Brazil, Malaysia, Mexico, southeastern Africa, Philippines, Thailand and Turkey. The average growth rate between these countries is approximately 7.6% compared to the world average of 3.7%. The first group of NICs came from the Asia area, they included Taiwan, South Korea, Hong Kong and Singapore. They called these the Asian Tigers. The Asian Tigers were notable for maintaining exceptionally elevated growth rates (in excess of 7% a year) and rapid industrialization between the early sixties and 1990s. By the 21st century, all four have developed into advanced and high-income economies. There are several(prenominal) factors that make Newly Industrialised countries the driving force of globalisation.Firstly, most newly industrialised countries have a outstanding population this m akes the countries more attractive for enthronement as these countries have lots of cheap labor movement. Therefore, these countries calculate more attractive to TNCs as they can make more profits when the cost of labour is cheap. A Transnational Corporation or a TNC is a privately owned company that is base in 2 or more countries. They orchestrate advantage of the NICs cheap labour and large growth rate. For instance Toyota is one of the worlds leading car manufacturers and is the third largest in the world. Although based in Japan, Toyota produces most of its cars in its transplants in Georgetown, Kentucky, and Burnaston and Derbyshire.