Title:
AN OPPORTUNITY OR A DISADVANTAGE? THE IMPACT OF GLOBALIZATION ON ECONOMIC GROWTH IN MALAWI

Authors:
Chrispin Dambula

Volume - 2 Issue - 1, Pages - 2181-2192

Abstract:
This paper investigates why Malawi's economy is not benefiting from globalization today. While most expert claim that rich countries in the West manipulate global trade to prevent poor economies from gaining, this argument seems weak because when Malawi's economy was performing well in the 1960s and 1970s, it was because of global trade. Also, economies of several countries in Asia have improved because of global trade in recent years. On the other hand, liberal free trade has posed threats of increasing unemployment rates in rich countries as manufacturing jobs are being outsourced to countries where labor is cheap in order to reduce production costs. It seems unfair to blame rich countries because no one is in charge of globalization and anyone can win or lose in global trade. In this paper, I argue that reasons why Malawi's economy is not benefiting from globalization are internal rather than external.

Cite this Article:

[Dambula, Chrispin. "AN OPPORTUNITY OR A DISADVANTAGE? THE IMPACT OF GLOBALIZATION ON ECONOMIC GROWTH IN MALAWI." International Journal of Social Science & Economic Research 2.1 (2017): 2181-192.]