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In depth analysis about article - Essay Example

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The article ‘Globalization and its Discontent’ by Herman Daly has raised pertinent and very relevant issue of internationalization. It affirms that the globalization has been used a major plank by big business corporations and developed nations to expand their business across global boundaries…
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In depth analysis about article

Download file to see previous pages... But at the same time, author’s view on internationalization is also pertinent because it helps the nations to maintain their autonomy vis-a-vis their fiscal policies and economic welfare and equitable distribution of wealth for the wider welfare of their people. The article emphasizes that globalization promotes economic integration across the globe through free trade and liberalization. It has resulted in diminishing national boundaries and brought in influx of foreign trade, both in term of goods and human capital. Daly believes that it undermines the national interests of the individual nations. But it nevertheless greatly facilitates the development process in the developing and under developed countries which need to be exposed to the opportunities for improving their standard of living. The developing world has indeed gained through globalization! Daly also asserts that internationalization would be more relevant because it helps to maintain national identity but promotes international relation through trade, treaties, alliances and protocols etc. The author has unconsciously supported the process of globalization in his emphasis for internationalization! When trade and business alliances are encouraged across nations, inter-dependency of economic units become vital ingredients of the developing relationship. ...Download file to see next pagesRead More
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In depth analysis about article
It also asserts that foreign trade is important element of the development process across states because it helps to exchange goods profitably and meet the demands of the people. Most importantly, the author asserts that abstraction of employability and capital from one commodity to another is the major factor for increase in profits as it increases the price of the commodity.
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In depth analysis about article
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