Question

(150-300 words)

Of the factor that influences globalization, liberalization of trade is more of a recommendation to the south not only to control their market but also to dictate their political strategy. Why and explain

Answer 1

SOLUTION :

In respect to south liberalization of trade is more effective for globalization influences of their political strategy.While globalization is facilitated and influenced by technological developments such as modern information and communications technology, the paper argues that the process is mainly driven and enabled by policy choices at the global and national levels that in recent years have led to the rapid liberalization of finance, trade and investment.In most countries, national barriers are being removed in the area of finance and financial markets, trade and direct foreign investment.Most developing countries have seen their independent policy-making capacity eroded, and have to adopt policies made by other entities, which may on balance be detrimental to the countries concerned.Without a more effective collective voice at such international forums, Southern countries will find even more that their national policies on economic, social and cultural matters being made and dominated over by the more powerful Northern governments and the institutions they control.