Globalization, Development, and Foreign Policy

Globalization, Development, and Foreign Policy

Introduction

Basically, Globalization is not mysterious. The term is commonly used since the 80s, that is to say, since technical progress would make it easier and faster international transactions (commercial or financial). Markets promote efficiency through competition and division of labour (specialization allows workers and economies to focus on what they do best). With the Globalization of markets, it is possible to exploit more markets and more extensive in the world. This means that one can have access to more capital and technological resources that imports are cheaper and that export opportunities are expanded. ...