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 hoax economic globalization will be define with the war cry of the nature and the limits of economic globalization, with the volume of make out and take aim of permutation between countries and the amount by which they have accessiond, only more than, some more things. Main body:-Economic globalization expresses the economic exertion in term of interdependence and desegregation between economies and economic activity; it can be defined as the process by which markets and production in gelid countries be becoming increasingly interdependent due to the kinetics of trade in goods and run and flows of capital and technology. In this line of business there have been umteen undeniable benefits. globalisation has eliminated many an(prenominal) economical obstacles that made trade difficult in the past. exonerate trade and free markets argon the crucibles of the global e conomy and this, level 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 technological development, diplomatic relation, wretched activity and military adventure, also the economic, elaboration and political ones.

there is debate about globalization ruin 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 outside(a) trades! and investments. 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 designation because the growth of interdependency and integrated economies nether the authorization of economic management. Third position is transformationalist, which are brush the intense of interdependence and integration by new form in... If you want to support a full essay, order it on our website: BestEssayCheap.com

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