Buy custom Globalization: Causes, Consequences and Reflections
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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2306 |
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On such view, there is no mystery to the spate of national-level moves to capital account liberalization in the 1990s; if capital controls don't work, why risk sending negative signals to the financial markets by persisting with them?
Consequences
Consequences of globalization can generally be categorized into increased trading activities, increased investment activities, and altered relationship...
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Each of these categories includes a set of direct and indirect consequences. Many of the indirect consequences are usually result of imperfect attempts to globalize. These indirect consequences are often misunderstood as the direct consequences of globalization.
Increased Trading Activities
Owing to improving technology, lowering import and export tariffs, signing of more liberal trade agreements and introduction of new international organizing bodies such as WTO and World Bank, the cost of trading internationally is decreasing...
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