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globalization

e to benefit out of it. This benefit comes from the dream that some day a third world country will become equal to the first world countries, and will have all the benefits that the first world countries are having. That is the aim, yet the developed nations are making it harder and harder, firstly the developed nations put forward the dream of a third level country becoming as a developed country and then giving them the wrong ingredients or methods to accomplish their dreams with. This could be clearly shown in the comparison between the European community and what the Arabs have been trying to accomplish. The European common market is a step that has been in progress since the second world war and the European countries have been delaying it until its prerequisites are ripe ”Europeans lefts to make sure that each step of the integration was accompanied by double series of measures “ (Amin 7). After a long period of building and establishment the common market has been established. The Arabs saw this market and started talking about having one tomorrow, as if the Europeans have established this market over night, and as if the Arabs had set the preconditions for it since a very long time.Employment, labor, and technology are terms that appear to a large extent in the formula for globalization. Technology is supposed to equalized between countries by the time global of a global world. This implies capital intensive products in all nations, again this defies H-O theory which states that trade takes place between countries with different product intensity. This is not the issue, however the problem is if the whole world is turning to capital intensive goods then what are we going to do with all the excess labor? Dunning replies to that question saying ”must wait the departure from the labor of those with obsolete skills who cannot, or will not, retrain, and the entrance of a new generation trained in the newl...

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