Research Paper on:
Globalization's Local Effects

Unformatted Sample Text from the Research Paper:
has changed the way in which commerce takes place. The term is used in a broad context and usually is considered in the context of worldwide trade, however the fact  that there are local impacts cannot be denied. Local impacts may be seen in the way local economies develop, the impact on political paradigms, the goods and services that  are offered, and arguably in the widening gap between the rich and the poor, harming areas where there are fewer protections in place. Globalisation has been encouraged and simplified  by different trading groups which aim to reduce barriers to international trade by reducing trade tariffs and promoting free trade. Organisations such as the European Union, the World Trade Organisation  (WTO), NAFTA and AFTA (Gunalan, 1999). These organisation aim to make a difference at local as well as international level. The perceived success has been so great that China expressed  a wish and has subsequently joined an organisation it see as capitalist, and is currently petitioning to join the World Trade Organisation (Hiebert and Wonacott, 2002).  The prospect of globalisation has been heralded by many as a potential revolution that could be used to improve social development and economic development prospect  throughout the world, easing economic hardship and producing incomes that will enable governments to provide more schools and health services (Africa News Service, 1999). It can be seen that with  all the different changes, such as trading blocks and reducing tariffs, that international trade is becoming a simpler process, and more accessible to all the worlds nations (Africa News Service,  1999). However, this does not necessarily mean that there are real benefits felt locally. Indeed, Keynesian economists ideas of the trickle down effect have not been as evident in local