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no it hasn't because in medc the factories close down to go to poorer countries where they don't have to pay the workers as much so all the people that worked in the factories in MEDC loose their jobs so globalisation doesn't have a good effect on medc.
Wiki User
∙ 13y ago
Wiki User
∙ 11y ago. Globalisation allows lots of tourists to fly in to see all the famous landmarks and spend a lot of money eating at top restaurants. Also for MEDC countries like the USA and the United Kingdom it is easier to travel around the world. In addition to that MEDC get cheaper products.
Wiki User
∙ 14y agoPoeple can only afford their basic needs and no luxuries. They dont get wages they might also get depressed..
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Globalisation and future of Indian economy?
Fair globalisation would create opportunities for ALL &also ensure that the benefits of globalisation would be shared better.
What are the Benefits of tourism in MEDCs?
OMG more people go to that county init noobs
When is the pursuit of self-interest in the social-interest in the globalisation?
When your interest benefits the society directly and indirectly.
Why is globalisation good and why is globalisation bad?
Globalisation is good because it helps in every field whether it is economical,political,industrial or professional
What is a simple definition of globalisation?
Globalisation is a system which processes economical. Markets are being increasingly globalized
Why is globalisation bad for medcs?
i know trolololololol charlie horner is a trollololololollol
Benefits of globalisation?
belly button fluff
Globalisation and future of Indian economy?
Fair globalisation would create opportunities for ALL &also ensure that the benefits of globalisation would be shared better.
What are the Benefits of tourism in MEDCs?
OMG more people go to that county init noobs
When is the pursuit of self-interest in the social-interest in the globalisation?
When your interest benefits the society directly and indirectly.
What are the components of globalisation?
Components of globalisation are as follows: 1. globalisation of market 2. globalisation of production 3. globalisation of technology 4. globalisation of investment
What are the advantages of globalisation for medc and ledcs?
One of the advantages of globalization is that there can be work outsourcing to developing countries. Labor and parts can be acquired at cheaper rates. However, one disadvantage is that it can lead LEDCs to risk its own natural resources like oil and rainforests just to supply for MEDCs.
Why are new technologies available more in MEDCs than LEDCs?
Because MEDCs have more money to spend on these technologies.
How did LEDCs get into debt with MEDCs?
ledcs ask medcs for money if they need it but over time, medcs charge more and more interest and so the ledcs can't pay it back. medcs also bargain for their resources so when the ledcs are left in debt, with no control over their resources, they end up in poverty.
How has globalisation affected soverenignty?
yes i think globalisation affected other$yes i think globalisation affected other$yes i think globalisation affected other$
How many MEDCs are there in the world?
25
When did globalisation start?
when did the globalisation begin? help pleaseee
