An analysis of the pace of globalization of world economy

International commodity marketslabor marketsand capital markets make up the economy and define economic globalization. In Sumeran early civilization in Mesopotamiaa token system was one of the first forms of commodity money.

An analysis of the pace of globalization of world economy

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An analysis of the pace of globalization of world economy

Name ID Acknowledgement In the preparation and finish this assignment, we acknowledge the encouragement and assistance given by a number of people and institution. He always gave us his suggestions in making this study as flawless as possible. We also like to thank our group members for co-operating me in many troublesome tasks.

And never the less above all our heartiest thanks goes to all mighty Allah without his help. We would not be here. Letter of Transmittal Date: We have tried our best to follow the instruction that was given by you.

We sincerely hope that you will enjoy this report as we enjoyed while writing it. If you need any further clarification or quarry in interpreting this analysis, we will be glad to oblige you. Over the past decades, globalization has now become a new world order, new world order, which virtually influences everything that comes in our mind.

Developing countries like Bangladesh with vulnerable geopolitical locations and weak economies are now looking at globalization to strengthen their economy to fight any perceived threats.

But the increasing role played by the western dominated institutions such as, the World Bank WBInternational Monetary Fund IMFand the World Trade Organization WTO in setting the rules under which globalization is played, has placed developing ountries in a much disadvantageous position vis-a-vis the developed countries.

However, a closer look at the globalization will show that it has both positive and negative impacts on the economy of Bangladesh. A thorough understanding of the effect of globalization is needed to use its advantages to improve her economy.

This may also help Bangladesh maintain a sustained growth in the face of likely economic peril.

An analysis of the pace of globalization of world economy

This paper studies both negative and positive impacts of globalization on some selected economic sectors of Bangladesh. It also studies some ameliorative measures to overcome the negative impacts and also the ways to exploit the opportunities created. Finally the paper recommends some measures for Bangladesh to meet the challenges of economic globalization.

Table of Contents No. Literature Reviewa Globalization as a phenomenon. Objective of the Study 13 4.Information Technology IT is a driving factor in the process of globalization.

Improvements in the early s in computer hardware, software, and telecommunications greatly increased people’s ability to access information and economic potential. rapid pace of trade and financial globalization he integration of the world economy through the progressive globalization of analysis of the link between globalization and inequality in the United States.

33 recent trends in inequality and Globalization. International commodity markets, labor markets, and capital markets make up the economy and define economic globalization. Beginning as early as BCE, people in Syria were trading livestock, tools, He notes that economic globalization began after World War II.

PACE OF GLOBALIZATION AS A DETERMINANT OF HUMAN DEVELOPMENT IN THE DEVELOPED MARKET AND TRANSITION ECONOMIES Aleš Kocourek – Jana Šimanová competitiveness of individual states in the environment of world economy (Fárek, ).

The The regression analysis of the Pace of Globalization (horizontal axis see Fig. 1, X see.

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economy again approached towards boom and reached highest world growth of 5% where C hina a nd India were able to achieve 10% & 8 % growth respecti vely during this period. Most people consider globalization as an unavoidable process of economic and homogeneity and social convergence that will incorporate all countries of the world.

While there are debates about the current pace of globalization, it is assumed that convergence takes place.