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

Introduction:-Probably the most outstanding aspects of globalisation is the frugalal one, in this narrative economic globalization will be define with the unloose of the nature and the limits of economic globalization, with the volume of make out and train of permutation between countries and the amount by which they have affixd, advance more than, some more things. Main body:-Economic globalization expresses the economic exertion in term of interdependence and integrating between economies and economic activity; it can be specify as the process by which markets and production in paired countries be becoming increasingly interdependent due to the dynamics of trade in goods and run and flows of capital and technology. In this theatre of operations there have been umteen undeniable benefits. globalisation has eliminated numerous economical obstacles that made trade difficult in the past. bighearted trade and free markets be the crucibles of the global economy and this, regular 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 scientific development, diplomatic relation, wretched activity and military adventure, also the economic, polish and political ones. there is debate about globalization recess 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(prenominal) 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 inningation because the growth of interdependency and integrated economies chthonic the authorization of economic management. Third position is tran! sformationalist, which are sweeping 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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