The globalization of the capital market is actually part of economic globalization. This will create a change in the entire world economy, not just restricted to some fields in some countries.
quote by Richard Grasso
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Globalization And The Third World Countries
Globalization and the third world countries,
This light suppose to be outside than inside! !
And out of proverty to satisfy my muse,
For we are now holding Hi-Tec Mobile Phones in our hands.
All our natural resources are taken away at cheaper rates and,
The third world countries do pay back heavily on these Hi-Tec products! !
All in the name of globalization;
With cheap labour on our part to help grow the wealth of the Richer Nations!
And, we become poorer begging for alms than ever,
For, globalization has taken over our respective economies! ! !
But, always hoping that, there will be a better way out one day.
poem by Edward Kofi Louis
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Economic Development
Economic development is the precondition of higher living standard
Therefore we should focus on economic development at first
We know infrastructural development is a must
For economic development of any country
So the government should go for it in the first place
And if necessary they should go for partnership with private entrepreneurs
Now it’s an open market economy
If we want to take off to the sky of prosperity
We need to utilize our own resources including manpower
We need to figure out our competitive advantages
Because it’s not a hard task for us in the information era
Now-a-days tourism is a lucrative sector for any government
Because we are living in the time of globalization
Protectionism is now a history
That’s why
The role of commercial banks and other financial institutions
Is more pivotal than ever
They should provide loan to the industrialists
In such a manner and style
So that the latter can import cutting-edge tech
In order to survive in the fierce competition of open market
poem by Asif Andalib
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The negative side to globalization is that it wipes out entire economic systems and in doing so wipes out the accompanying culture.
quote by Peter L. Berger
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This is a basic requirement the meaning of globalization is that we should admit that the economy of each country is dependent on the economy of all the others.
quote by Richard Grasso
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It is people who are the objects of globalization and at the same time its subjects. What also follows logically from this is that globalization is not a law of nature, but rather a process set in train by people.
quote by Tarja Halonen
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Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support.
quote by Paul Samuelson
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Globalization has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital - the world's best talents and greatest ideas.
quote by Jack Welch
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Globalization is a fact of economic life.
quote by Carlos Salinas de Gortari
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Trade-cycle
In a competitive market
National economy rolls like a wheel
In economics it is called trade-cycle
From economic recovery to boom
To slump to recovery to boom
Is a common phenomenon
In a competitive market
The boom does not last long
Because
The demand for products and services
Is limited in all countries
That’s why
The governments have a vital role to play
Especially during boom
The governments should monitor
And control industrial development
As much as possible
With a view to reduce labor cut
During slump
And they should hinder
Harmful investment
For the economy
During boom
Moreover
They should provide guidelines
For the entrepreneurs
During recovery
So that suitable investments
For the economy take place
In this way
A country can achieve its goal
Without going through
Economic hard times
poem by Asif Andalib
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In the US, most progressives start to see the differences between internationalism and economic globalization.
quote by David Korten
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Instead of saying that globalization is a fact, that it's inevitable, we've also got to demonstrate that while the growing interdependence of the world economy is indeed a fact, it's not uncontrollable.
quote by Peter Mandelson
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We must create a kind of globalization that works for everyone... and not just for a few.
quote by Nestor Kirchner
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Globalization and free trade do spur economic growth, and they lead to lower prices on many goods.
quote by Robert Reich
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We must ensure that the global market is embedded in broadly shared values and practices that reflect global social needs, and that all the world's people share the benefits of globalization.
quote by Kofi Annan
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Under the process of ongoing globalization, advantages are, in the main, created for a minority of countries and development centres as well as powerful transnational companies.
quote by Tran Duc Luong
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For when we talk about the spreading power and influence of globalization, aren't we really referring to the spreading economic and military might of the US?
quote by Fredric Jameson
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The war on terrorism has made national security a legitimate concern, and a rising deficit, changes brought on by globalization and even the price of oil have thrown the nation's economic health into question.
quote by Roger Mahony
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Lest those islands still seem to you too remote in space and time to be relevant to our modern societies, just think about the risks... of our increasing globalization and increasing worldwide economic interdependence.
quote by Jared Diamond
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Outsourcing and globalization of manufacturing allows companies to reduce costs, benefits consumers with lower cost goods and services, causes economic expansion that reduces unemployment, and increases productivity and job creation.
quote by Larry Elder
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We've got to demonstrate why European unity and integration, our vast single market, our single currency, equip us with the strength to embrace globalization.
quote by Peter Mandelson
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