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To What Extent Can the Developmental and Neo-Liberal State in Developing Countries Implement Sustainable Development in Todays Conditions Of Globalization - Term Paper Example

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The purpose of this paper is to address this main question: to what extent can the developmental and neo-liberal state in developing countries implement sustainable development in today’s conditions of globalization? The paper discusses the theory and premises of developmental state and its success…
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To What Extent Can the Developmental and Neo-Liberal State in Developing Countries Implement Sustainable Development in Todays Conditions Of Globalization
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Download file to see previous pages Globalisation is simpler to difficult to define or characterize. This is due to the fact that, in its current structure and function, it is a multifaceted, dynamic, and global trend, which gives different meanings to different populations and different meanings to the same populations temporally and spatially (Samli 2002, 8). However, for the purposes of this paper, the definition of globalization by the United Nations (2000) is adopted:
Present day globalization is a unique convergence of technological, economic and political forces of daunting power and influence, having a massive impact on all aspects of public and private life in economic, social, political and cultural affairs at global, national and local levels. As it influences states and their partner actors, it is also exploited and shaped both positively and negatively by those with the foresight and resources to appreciate its power. Yet, so diverse and overwhelming is globalization’s manifold influences that no one group or sector can control or stop it. As such, it has been responded to and manipulated by a range of actors in the public, private and civil society actors, is instigated in good and bad motives, and has benefited some social and economic groups, but has hurt others who have become more vulnerable and disempowered due to its influence (UN 2000, 10).
Recently, nations across the globe have turned out to be more economically and financially interconnected, motivated by the possible advantages of financial globalization. A major advantage of financial globalization is the expansion of the financial segment. Financial markets functioning in a global context facilitate global risk diversification and enable public and state spending (Samli 2002, 13). ...Download file to see next pagesRead More
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