![]() ![]() These opportunities are not without risks-such as those arising from volatile capital movements. It is the people of developing economies who have the greatest need for globalization, as it provides them with the opportunities that come with being part of the world economy. And the biggest threat to continuing to raise living standards throughout the world is not that globalization will succeed but that it will fail. Proponents of globalization argue that this is not because of too much globalization, but rather too little. The UN's Human Development Report notes there are still around 1 billion people surviving on less than $1 per day-with 2.6 billion living on less than $2 per day. Regional disparities persist: while poverty fell in East and South Asia, it actually rose in sub-Saharan Africa. ![]() It is probably no mere coincidence that over the past 20 years, as a number of countries have become more open to global economic forces, the percentage of the developing world living in extreme poverty-defined as living on less than $1 per day-has been cut in half.Īs much as has been achieved in connection with globalization, there is much more to be done. There is substantial evidence, from countries of different sizes and different regions, that as countries "globalize" their citizens benefit, in the form of access to a wider variety of goods and services, lower prices, more and better-paying jobs, improved health, and higher overall living standards. ![]() Furthermore, a common denominator which appears to link nearly all high-growth countries together is their participation in, and integration with, the global economy. These include investment (particularly foreign direct investment), the spread of technology, strong institutions, sound macroeconomic policies, an educated workforce, and the existence of a market economy. Yet, based on experiences throughout the world, several basic principles seem to underpin greater prosperity. The ingredients contributing to China's high growth rate over the past two decades have, for example, been very different from those that have contributed to high growth in countries as varied as Malaysia and Malta. There are many different paths that can be taken to achieve these objectives, and every country's path will be different given the distinctive nature of national economies and political systems. DOC files are easy to share and print, and can be opened by most word processing programs, including LibreOffice, Apple Pages, and Google Docs, as well as by Microsoft Word.A perennial challenge facing all of the world's countries, regardless of their level of economic development, is achieving financial stability, economic growth, and higher living standards. A basic free ‘Word for the web’ program is also available online for Microsoft account holders. Microsoft Office was designed for the Windows operating system, but you can also install Office apps on other operating systems like Apple’s macOS and Google’s ChromeOS. Word is part of Microsoft Office, which is available as a paid software application or accessed online with a Microsoft 365 subscription. They can include pictures, charts, and graphs, as well as plain or formatted text, and can also contain an editable template. DOC and DOCX are used for formatted text documents like reports, letters or resumes. Since 2007, Word has used DOCX as standard, although you can still open DOC files and can still save to the older format. DOC was primarily used by Microsoft for its Word program until 2003. Microsoft also has a basic free ‘Word for the web’ programme for online Microsoft account holders.ĭOC and DOCX are the most common word processing file formats. Microsoft Office was designed for Windows, but you can install Office apps on other operating systems. Word is part of Microsoft Office’s paid software application and is also available with an Office 365 online subscription. DOCX is an Office Open XML file, making it easier to open DOCX files in other programs like LibreOffice, Google Docs or Apple Pages, with fewer compatibility issues. The DOCX format has some advantages over DOC, including typically smaller file sizes and better security. As well as text, DOCX files can include pictures, tables, charts and embedded media, or can be an editable template. Microsoft Word is used widely in homes, workplaces and educational settings to create formatted text documents like reports, letters or resumes. The DOCX format has been the standard format for Microsoft Word documents since 2007, replacing DOC.
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