1. Globalization is being propelled by TNCs, big financial institutions, IMF, World Bank, governments of advanced countries, et cetera.
2. Someone including IMF and World Bank regard gobalization as a big chance to increase the growth rate and decrea...
1. Globalization is being propelled by TNCs, big financial institutions, IMF, World Bank, governments of advanced countries, et cetera.
2. Someone including IMF and World Bank regard gobalization as a big chance to increase the growth rate and decrease absolute poverty around the world. But there have been fierce demonstrations against globalization where meetings of IMF/World Bank and WTO held. They think golbalization causes poverty of developing countries with large debts, unemployment, increase in income inequality, pollution increase, et cetera.
3. Now, it is very difficult to assess pros and cons for globalization. But my temporal conclusion is as follows. Globalization will keep going. If its bad side effects do not decrease, it will be reversed in the future.