Globalization: A threat or an opportunity for developing countries?

Globalization is the increased integration of economies and societies in the world. Recently, this word has been one of the hot topics for debates. Some view it positively- a key point of future world economic development- but others especially developing countries view it negatively because they believe it increases inequality between nations and threaten employment and living standard. The gap between the rich and the poor countries has become even wider! Four aspects of globalization are free trade, capital movements, people movements (Migration and Brain Drain), and spread of knowledge and technology. Click IMF site for furthermore information.