Economics plays a major role in the development process. Regarding development, to increase in the levels of living of people is a major aspect. Referring to Todaro, life sustenance means to the ability to provide basic necessities. All people have certain basic needs without which life would be impossible. (Todaro, 1981) This means to raise people’s level of livings, their incomes and consumption levels of food, medical services, education etc., through economic growth processes . Economic growth refers to a rise in national or per capita income and product. If the production of goods and services in a country rises, by whatever means, one can speak of that rise as economic growth. (Economic Development Glossary 2003) Todaro claims that economic growth is a necessary condition to improve the quality of life. The World Trade Organization (WTO) also argues that growth of trade between countries may increase the wealth of everyone. ( World Trade Organization 2002) Globalization has helped to lessen the problem of poverty in a large number of developing countries which allows those countries to
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