Is globalization good or bad for developing countries? 

Depending on the historical background and other national circumstances of the countries, the answers may well vary, and they all make sense, but in my view, globalization can have positive impact, even on developing countries. Now let me explain the details.     

First, globalization brings in foreign investment and improves ínfrastructure, which creates more job opportunities for developing countries. As a result, this attracts more investment in turn, and forms “a cycle of benefits”, that enhances people’s standard of living.     

Next, I understand some may argue that developing countries are less competitive, so need protection. But as it is, no country practices “complete free trade.” It is because globalization has various stages, and each country can make proper choices based on their current economic situations. To put it the other way around, several nations should carefully avoid negative impacts from rapid globalization.           

What I have mentioned only outlined the issues: in fact, several other political and economic factors may have complex impact. So, every country must consider them carefully to lay down the optimal policy mix. Thank you for your attention. [180 Words Type-I]