The Impacts of the Globalization Process on the International Marketplace Positive and Negative Effects While the globalization process has been characterized by increases in the levels of global trade and the expansion and integration of global financial markets, these apparently positive effects have had wide-ranging negative consequences for many in the developed world and, in particular, for millions in developing countries. This essay will critically explore this process, with particular reference to the role of International Financial Institutions (IFIs) – the International Monetary Fund (IMF), World Bank and World Trade Organization (WTO) – in fostering the development of an inequitable global economy. To understand the...The end:
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