countires with bad impacts of globalization

Bahrain signed a Free Trade Agreement (FTA) with the US which facilitates trade, investment and labour movement between the two countries. It has been a member of the World Trade Organisation since 1997, removing barriers to trade and investment and the movement of labour. Since its independence in 1971, the country has been a financial hub for international banks and financial institutions, joint Gulf Cooperation Council (GCC) ventures and a transit spot for trade and commodities. A strategy to shield society from the negative impacts of globalization is urgently needed.īahrain traditionally has had an open economy for trade, investment and exchange. There are increasing confrontations and tension between the impoverished groups and security forces. However, along with the increasing numbers of millionaires the middle class is shrinking and the lower class is becoming impoverished. The Bahrain’s economy is growing, along with per capita income. The impact of globalization on Bahraini people

Countires with bad impacts of globalization