Simultaneous though not necessarily purely globalist is the emergence of under or un-regulated foreign exchange and speculative markets leading to inflated wealth of investors and artificial inflation of commodities, goods, and in some instances entire nations as with the Asian economic boom-bust that was brought on externally by "free" trade... displayed 300 characters
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 Politically, the United States has enjoyed a position of power among the world powers; in part because of its strong and wealthy economy. With the influence of Globalization and with the help of The United States’ own economy, the People's Republic of China has experienced some tremendous growth within the past decade... displayed next 300 characters
Thailand's GDP growth averaged 10 per cent from 1987-95 and real estate prices and stock mar-kets rose strongly. But when the investment boom slowed in 1996-7, balance- sheet weaknesses in the private sector were exposed ? especially excessive short-term foreign currency borrowing by banks and companies...
Inequality between those states fell, as goods, capital and labour flowed remarkably freely between nations.
Globalization in the era since World War II has been driven by trade negotiation rounds, originally under the auspices of GATT, which led to a series of agreements to remove restrictions on "free trade"...
Thus, developing countries are poor because of the high tariffs that they themselves impose on imports. If these nations would lower trade barriers it would allow them to import goods they do not efficiently produce and as a consequence, jobs and capital would be reallocated to more productive sectors of the economy...
Such industrial development requires much investment of capital. Thus, Nation A might want to provide over the short run government subsidies to help the new industry bear the burden of start-up costs and operating losses until it can become efficient enough to compete in world markets...
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