Globalization Has A Strong Emotional Charge

1497 WordsMay 10, 20176 Pages
Globalization that offers great chances of achieving genuinely global development is progressing irregularly. Some countries integrate into the global economy faster than others. In those that have been able to integrate, growth is stronger and poverty decreases. As a result of outward-looking policies, the East Asian countries, which were among the poorest in the world forty years ago, have for the most part become dynamic and prosperous. As the standard of living in these countries increased, they were able to open up to democracy and, on the economic front, make progress in areas such as the environment and working conditions. The term "globalization" has a strong emotional charge. Some see globalization as a beneficial process that…show more content…
Crises in emerging markets in the 1990s made it very clear that the benefits of globalization were not unrequited because of the risks of volatility in capital movements and, And the degradation of the social fabric, the economy and the environment that poverty can generate. For all stakeholders, whether they come from developing countries or advanced economies, or, of course, investors, this is a reason not to go back Launch the reforms needed to strengthen economies and the international financial system in order to accelerate growth and reduce poverty. But still, the question of what constitutes globalization, and considering that it is a historical process that is the result of human innovation and technological progress and refers to the increasing integration of economies in the world In particular through trade flows and financial flows. The term also sometimes refers to international transfers of labor or knowledge (labor or technological migrations). Finally, globalization has broader cultural, political and environmental dimensions that are not addressed in this study. Fundamentally, globalization is not mysterious. The term is commonly used since the early twentieth century, that is to say, since technical progress makes it easier and quicker to carry out international operations (commercial or financial). It reflects the extension beyond market borders of market forces that have operated for centuries at all levels of economic activity (village
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