Globalization can be defined as the increasing relationships in the globe concerning culture, economical activities and political influences. In economics, economic globalization refers to the unrestricted movement of goods and services across the national borders with little or no barriers. It has been argued that economic globalization can result in economic growth in developing and developed countries through specialization, reduced labor and technology importation and comparative advantage. Critics have challenged the idea of globalization by claiming that the people encouraging globalization only looks exaggerates the advantages and underestimates the costs of globalization. It is in this perspective that we ...
Locality Book Reviews Samples For Students
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Culture is one thing that we human beings all have. Conversely, different ethnic communities are associated with different cultures. This is in most cases an added advantage as diversity caused by the different cultures is usually one that contributes to the fun in life. In the case that we all had the same cultures, then there would be nothing to learn. We would be waking up in the same routine day in day out and, in the long run, life would be rather boring. However, with the diversity created by the vast number of ethnical groups, it becomes fun ...
‘Globalization and its discontents’ is a book written with a sharp wit to provoke the reader into keenly reading and analyzing the whole book. The book is written to illuminate the truth about globalization and the major problems brought about by the whole process of globalization and market liberalization.
The author of the book has vast experience in dealing with world economics having worked at the US economic control body and the IMF. His book appears to draw most of its contents from personal experience while working at the top positions in the institutions.
The main argument of the ...