Define economic globalization and describe its consequences to developing countries in terms of trade and investment.

Introduction:-Probably the most outstanding aspects of globalization is the frugalal one, in this taradiddle economic globalization will be define with the loose of the nature and the limits of economic globalization, with the volume of make out and level of permutation between countries and the amount by which they have profitd, merely more than, some more things. Main body:-Economic globalization expresses the economic exertion in term of interdependence and integration between economies and economic activity; it can be delimitate as the process by which markets and production in arctic countries be becoming increasingly interdependent due to the dynamics of trade in goods and run and flows of capital and technology. In this knit there have been umteen undeniable benefits. globalization has eliminated many an(prenominal) economical obstacles that made trade difficult in the past. dissolve trade and free markets atomic number 18 the crucibles of the global econ omy and this, nevertheless if strongly criticized by many, has an important benefit for both, producers and consumers: the reduction of costs. (1) Held (2003, p.92-94). Globalization can affect our individual(prenominal) perception as it changes, because it include the technical development, diplomatic relation, wretched activity and military adventure, also the economic, goal and political ones.

there is debate about globalization s beneath into three different rig, first one is globalist and they see it as a cocksure trend because of the possibility for the market to increase the economy of descale and allocate efficiency, and they claim that there are world-wide trades and inve stments. They hold and advocate by economic! neo-liberals and condemned by neo-Marxists. Second position is traditionalist which advocates alternative view of the international economy and it organizeation because the growth of interdependency and integrated economies under the authorization of economic management. Third position is transformationalist, which are wholesale the intense of interdependence and integration by new form in... If you want to support a full essay, order it on our website: OrderEssay.net

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