Assertion that globalization and global actors are a positive force in ledc development.
Globalization has had, over the past years, a positive influence in LEDC development, and has been helping underdeveloped countries catch up with the dominating powers by many means.
First, some global institutions have found funding and economic help that permit the distribution of loans or donations amongst LEDCs to help developing the country. Indeed, this economic help can come from government international organizations, or associations such as Greenpeace that are non governmental and that work on the global environmental problems. For example, the International Monetary Fund (IMF) and World Bank (WTO now called GATT) which are both United Nations (UN) agencies were created to first help countries that were devastated by the Second World War to reconstruct, but now focus on developing countries, giving interest free loans to countries with very low per capita income, and with a very long repayment period. Indeed, according to document 1, 26 countries received low interest loans, in 2004, from the IMF, which has created a HIPC (Heavily Indebted Poor Countries) program, aimed to help LEDCs. This example shows how a global actor such as the IMF, which leads international actions, can help the development in LEDCs.
The globalization trend has an important effect on media of all sorts all over the world. Indeed, information