Final assignment Example | Topics and Well Written Essays - 1250 words - 1

Final - designation ExampleAs the rate of globalization goes high in the United States, the developing countries also expect forward to get them same effects of globalization. Thus, the United States of America has to play a major position in facilitating development in the third world countries.United States created two international institutions which aim at developing all the countries in the world. The two institutions are world Trade Organization (WTO) formed in 19951. The main function of the World Trade organization was to settle all the trade disputes among the countries in the world. The stake organization is the International Monetary Fund (IMF) which was formed after World War II. The events of the war destruct most of the countries resources, and something had to be done to revolve their economy. The International Monetary Fund provided emergency loans to countries.After the events of World War II, the United States of America plays a major role in shaping the econo my of the world. Thus, to find out that other countries develop, they have to incorporate all the aspects of globalization. They have to advance the living standards and ensure that there is perceptual constancy in the worlds economy. The policy makers have to come up with policies that promote globalization in all the countries, which is a great challenge2.Consequently, some of the third world countries cannot adapt globalization because of factors such as illiteracy and poverty. The United States has first to work on the two major challenges before introducing globalization in those countries. Thus, they need resources to ensure that they provide all the basic needs required and improve their education sector. pay is needed to carry out all these activities, making it a great challenge.Globalization has resulted in a faster exchange of ideas among the countries. Criminals use the advanced technology to communicate over a long