One of the uncontroversial issues of economic theory is that trade protection hurts the economy of the country that imposes. Hence, it is expected that the entry of many developing countries into the world market coincides with changes in both economic structure and rate of growth in these countries. Anne O. Krueger (2002) draws a conclusion that economic globalization conferred numerous advantages and among investments to improve current security environment is trade liberalization. In this essay, the large amount of information gathered from several developing countries regarding their exposure to globalization is presented to support the idea above in three aspects: economic growth, better living conditions and the decrease in unemployment rate, despite of negative effect on widening socio-economic inequalities within and between countries.
Above all, trade liberalization, a common component of globalization, absolutely leads to higher rate of economic growth, which is measured in three terms. The first benefit is the substantial increase in GDP. For example from the data of World Bank, between 1962 and 1989, South Korea 's GDP growth averaged over 8%, changing South Korea from a poor country into one of the G-20 major economies. Secondly, international exchange creates opportunities for developing countries in order to attract foreign investors and foreign capital. Michael D. Intriligator (2003, p.9) points out that foreign direct investment tends to increase at a much