Introduction: The Dual Nature of Globalization
The interconnectedness and interdependence of nations through trade, investment, and technology have profoundly influenced the economic, social, and political landscapes of developing countries like Pakistan. The rapid flow of goods, services, people, and ideas, driven by advancements in transportation, communication, and technology, has accelerated globalization. This phenomenon has also facilitated the spread of cultural norms and the rise of multinational corporations (MNCs), further integrating economies worldwide.

While globalization offers opportunities for developing nations by attracting foreign investments and fostering economic growth, it also exacerbates income disparities and social inequalities. Critics argue that the benefits of globalization disproportionately favor the wealthy, leaving vulnerable populations behind. This paradox raises critical questions about whether globalization empowers or impoverishes developing nations.

The Impact of Globalization on Developing Economies: Opportunities and Challenges
Globalization has multifaceted effects on developing countries, presenting both opportunities and challenges. On one hand, it has opened new economic avenues, enhanced access to resources, and streamlined job distribution. For instance, Pakistan’s poverty rate declined from 36% in 2002 to 11% in 2011, and its GDP growth rate stabilized at 4.3-4.6%. Additionally, globalization has contributed to advancements in healthcare and education, raising global life expectancy to nearly 85%.

On the other hand, globalization has........

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