How can globalisation affect an economy and country?

It would be a formidable task for any subject to build upon an miserliness which has recently suffered a accomplished state of war that lasted nearly a decade involving some of the worst savagery ever seen. This is the task which now faces the country of Sierra Leone. aft(prenominal) oddment the conflict in 2002, Sierra Leone has awoken to the new conception where globalization has a firm hold on how the field operates. The countrys economy has already been affected in irrefutable and forbid ways over callable to the impacts of globalisation. It has now devised strategies accordingly to promote economical ontogeny and development. Globalisation is essentially the world operating as a global market. This is done through the integration of countries and economies all oer the world so it may interact as one. As a result, particular economies are able to affect others on an international scale. There are many implications that globalisation behind shed as each cou ntry is different. Sierra Leone has experient a significant growth within its economy payable to globalisation conveyed in its economic indicators. Gross Domestic fruit (gross domestic product): palatopharyngoplasty: $2.8 one thousand million (2002 est.) GDP: PPP:- $2.8 billion (2002 est.) GDP growth rate:: 5% (2002 est.) GDP growth rate:: 7.5 %.( 2005 est.) After several years of cognitive process with the assistance of the population Trade Organisation (WTO), Sierra Leon has appeared to have experienced collateral benefits from globalisation. After only four years, it has rise close to two-bagger its GDP PPP. This has been made possible due to the increase of pecuniary markets. This allows efficient transferring and investing of income into the country from foreign direct investments due to globalisation. Through this particular perspective it is absorb that globalisation has had a positive impact on its economy. The civil war disrupted the countrys vital mining ... I! f you want to get a full essay, order it on our website: OrderEssay.net

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