Globalisation and its effects on the MENA region. Influence on the process of democratization (eBook)

Seminar paper from the year 2021 in the subject Politics - Region: Africa, grade: 1,0, Ruhr-University of Bochum, language: English, abstract: The phenomenon of Globalization has been on the uprising for nearly two centuries now. It does not only affect the economically strong countries, like the United States or China for example, but has also always had a direct impact on countries with a weaker financial system, like those from the Middle East and North Africa (MENA) Region for example. In order to analyze the effects of Globalization on the MENA-Region, we need to take a look at how the process of Globalization works and how it shows in the economic growth of different countries. So, what exactly is Globalization?

Globalization describes the process of worldwide interlinkage between not only companies, but also different governments or individuals, regarding a large variety of fields, like the business world or cultural diversity for example. It is driven by the international exchange of labor, goods, and technological innovation, while the flow of information also plays a large role in the process. The effects of Globalization are very complex and undoubtedly not only positive, as many people have to suffer for the great success of others that Globalization allows and promotes.

This shows in the phenomena of free trade, open borders, and the relocation of production in different countries, where labor is cheaper and more effective, for example. It allows customers to buy any goods at any time, while also being able to base their purchase decision on the price of the available product from different providers for instance.