Economic Aspect Of Globalization Essay

5230 Words 21 Pages
Register to read the introduction… The effects of the financial dimension of globalization are some what disputed. If the mobility of the capital flows across boarders can be seen as an efficient way to allocate resources world-wide and to channel them to developing countries, their volatility and possible use for speculative attacks against currencies are though to pose new threats to the economic stability of countries. Political aspect of globalization: Globalization means the creation of a world government which regulates the relationships among governments and guarantees the rights arising from social and economic globalization. The USA has enjoyed a position of power among the world powers, in part because of its strong economy. Since the Second World War the world has witnessed the decline of colonial power, the rise of democratization and the rise and fall of totalitarian nationalistic and socialist …show more content…
Since 1971, Bangladesh has been incorporated into the global economy in a range of ways, which has given rise to shifts in relations of production. While the government, newly constituted in 1971, initially nationalized key industries and imposed strict control over foreign trade as a means of generating growth and alleviating poverty, by the latter 1970s there was a shift as subsequent governments moved Bangladesh away from a highly-protected, public-oriented economy to one in which investment in the private sector was gradually given priority. By the early 1980s, this shift began to accelerate as Bangladesh, in return for financial aid, adopted a range of liberalization policies as defined by the structural adjustment guidelines of the International Monetary Fund, the World Bank and other international donor organizations, such as the United States Agency for International

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