Hence the importance of international cooperation to maintain and extend an open system for trade and investment" (Dollar. 2001, p2). ... Integration is the result of reduced costs of transport, lower trade barriers, faster communication of ideas, rising capital flows, and intensifying pressure for migration" (Dollar, Collier. 2002, p1). ... This pump priming of the world market would benefit all trading nations. ... Dollar and Kraay (2002, p1) state, "Openness to international trade accelerates development". ... Other policies imposed under structural adjustment include: allowing foreign co...

• Word Count: 1685
• Approx Pages: 7
• Has Bibliography
• Grade Level: Undergraduate

A big part of this occurrence can be argued to be in part due to the opportunity of globalisation that these nations seized in order to compete on a more international as opposed to regional scale. ... The reasons behind the sudden flow in FDI to the ASEAN region could have been that there were low labour and costs which meant increased profit margins, those countries also undertook large reforms which gave special deals to foreign investors. ... The contribution of FDI and MNCs as demonstrated was significant and therefore, after Japan led the way, other countries within the region grasped th...

• Word Count: 3533
• Approx Pages: 14
• Has Bibliography
• Grade Level: Undergraduate

It has taken off as a concept in the wake of the collapse of the Soviet Union and of socialism as a viable alternate form of economic organisation. ... There was a big expansion in world trade and investment in the late nineteenth century. ... Pro-globalisation International organisations: The World Trade Organisation (WTO) was established in 1995 to administer the rules of international trade agreed to by its 123 member countries. ... The WTO also covers trade in services, whereas GATT only covered trade in goods. ... United Nations Conference on Trade and Development (UNCTAD) is a perm...

• Word Count: 9131
• Approx Pages: 37
• Grade Level: Undergraduate

But this question is prior to that posed by this Asia Pacific Roundtable; that is, what are the benefits and costs stemming from globalisation? ... The benefits--especially enhanced aggregate economic welfare--are better understood than the costs. While the costs are in many ways the other side of the benefit coin, what they are, and what their impact might be, remains hotly contested. It is for this reason that this paper focuses primarily on the costs. ... Part 4 draws seven lessons for the future that emanate from the identification of these costs and the Conclusion argues that the fail...

• Word Count: 9082
• Approx Pages: 36
• Grade Level: Undergraduate