Saturday, September 25, 2010

Globalization to Anti-globalization

Globalization has long been a part of the world economic order, but this buzzword seemed to create its exact opposite today.

Modern economy has witnessed how globalization works among and between developed and underdeveloped nations. But soon after the global financial meltdown, negative effects of globalization are highly magnified today.

For developed economies, globalization is probably taken as a good thing since it assures the continuous flow of their previously advanced exchange of goods and services. In contrary, underdeveloped countries may consider globalization as the possible reason why they are suffering from a more serious economic demise than ever before.

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Globalization to Anti-globalization

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