Current World Events That Are Threatening the Globalisation Process
The chapter reviewed issues that are potential threats to the continuous integration of the world economy. The world, regional, and sub-regional bodies were expected to be the main enablers of globalisation. However, based on available exploratory and empirical studies, these bodies are part of the problems of globalisation. The structure and operation of these bodies make it impossible for the noble goals of the organisations to be realised. Terrorism and protectionism are also identified as twin issues threatening the integration of world economies. Considering recent policy pronouncements from the Western world, the world is gradually polarising into either extreme regionalism or extreme protectionism.
KeywordGlobalisation and world organisations
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