CHALLENGES OF GLOBALIZATION IN TANZANIA
What is globalization?
Globalization: refers to the situation of increasing of world interconnection and interdependence of various aspects of life which include social, political, technological and economical aspects.
However globalization it has made the world be as a single village because of increase in networking system among the global aspects of life. Normally globalization has integrated the different aspects of the world into a global village.
It involves integration of economy, politics, culture, science and technology among nations. The process of globalization is largely facilitated by rapid advancement of science and technology.
OPPORTUNITIES OF GLOBALIZATION
Qn: Briefly explain six points on the opportunities.
1. Market opportunity
Globalization has opened high range of markets in the world. There are different companies that open global markets for goods and services.
The presence of wide range of markets are can be secured through manually and online communication.
2. Modern technology opportunity
Globalization offer the opportunities of technology which enable various countries to compete globally in the world. Technology help to simplify production in various fields like in industries, health, education, agriculture, security and in other economic sectors.
However there is variation in level of technology between the developed and in developing countries.
3. Financial and capital investment opportunity
Globalization has increased and improved the access of financial and capital investment. State under globalization compete each other in free market economy through creating conducive environment or policies for attracting much foreign investment.
However there are various international institutions that offer financial assistance to the developing countries in terms of loans so as to enable developing countries to operate trade worldwide, these include international monetary Fund (IMF) and World Bank (WB).
4. Education opportunity
Education is a key catalyst of Globalization and development at large, hence existence of many literate people increase the level of Globalization in the country and can therefore presence of Globalization is a core influential to the improvement of education.
Education through the use of Globalization has enabled people to share skills, knowledge and intellectual properties which are very essential for national development.
5. Democratization opportunity
Normally globalization has high influence to the development of democracy in the world through facilitating and providing high range transparency, simplifying right of expression among people and proving new techniques of promoting and protecting human rights, like freedom of movement.
6. Health opportunity
Normally Globalisation has increased and improved health services worldwide due to the innovation of new modern medicine and modern equipments for detecting different dangerous diseases. Therefore through Globalisation help to improve health.
CHALLENGES OF GLOBALIZATION IN TANZANIA
Qn: Examine six challenges posed by globalization in Tanzania.
QN: In six points explain the key handicaps which hinder Tanzania to compete with world globalized countries? Six points.
1. Low level of the use of communication system.
In Tanzania the use of global communication system such as internet communication, satellites and mobile phones still very low compared to the developed countries due to low level of science and technology as well as poor living conditions.
2. Low production level
Many economic sectors in Tanzania like agriculture, industry, mining, fishing and transportation are not well developed in their production level to compete with developed nations. This is due to the use low technology in production.
3. Low level of education
The education sector in Tanzania is facing big challenge to compete with today’s in needed knowledgeable society.
The level of education in Tanzania cannot fail to meet the needs of the people to compete with today’s In needed globalized world due to low skills, and knowledge. E.g. marketing skills.
4. Low savings and investment
Low savings, caused by low income resulted from low production capacity caused by the use of poor tools in production.
Normally low saving may prolong the vicious cycle of poverty among Tanzanians. However the investment level is another challenge in Tanzania due to poor infrastructure.
5. Poor infrastructure
This is another challenge which hinder Tanzania to compete world globalized countries due to poor transportation system such poor roads, railways, etc.
6. Low level of science and technology
Due to the low level of education, poor infrastructure, shortage of experts, low capitals.
7. Weak financial institutions
The extent of financial flow in most developing countries like Tanzania is very low. Hence this cause lagging behind in competition with developed countries.
8. Poor governance
The wide range operation of Globalization in Tanzania in affected negatively by the poor governance like corruption where most fund invested for running different productive.
9. Shortage of expert
There is the problem of shortage of man power who can bring innovation in different sectors.
WAYS TO ADRESS THE CHALLENGES POSED BY GLOBALIZATION IN TANZANIA
Qn: By giving six points, suggest the strategies to be adopted by Tanzania to curb the challenges posed by globalization.
QN: What should be done to make Tanzania to be one of the world competitive country in globalization? Six points.
1. Creation of good policies
Tanzanian government should create policies which focus on it’s own problems and lay strategies to reduce poverty by focusing on social services such as healthcare, education and security to her citizens.
2. Creation of stable government
There should be presence of responsible and transparency to the government.
3. To improves quality education
Education should be given significant priority and made compulsory to all people. Tanzanian government should make sure that most Tanzanian a get quality education which wills cope with challenges brought by globalization.
4. To ensure proper utilization of resources
The environmental resource should be utilized in a sustainable way. These include both land resources, water resources, forest resources as well as human resources.
5. To improve infrastructure
These include railways, roads, and other aspects related to communication system. This will improves productive activities.
6. To encourage domestic investors than external investors
This will help to create more room for technological improvement in the country.
7. To improve the level of technology.
8. Training much of experts.
9. To improve financial sectors, both internal and public financial institutions.
10. To improve regional integration. This will provide wide range of markets and resulted in to development of economy and Globalization at large.