Introduction and Definition of Terms
Discussion about the notion of globalization often leads to certain skepticism as to its meaning and implication. Yet one can argue that there has been intensification in the economic, political, and institutional relations among countries over the last decades that led to the formation of a Global Economic System (GES). This new trend was marked by increasing economic interdependence and the deepening of economic integration between countries across the world.
KeywordsInternational Monetary Fund Global Governance North American Free Trade Agreement World Bank Epistemic Community
- ECLAC (2002) Globalization and Development. http://www.eclac.org/cgi-bin/getProd.asp?xml=/publicaciones/xml/0/10030/P10030.xmlxsl=/tpl-i/p9f.xslbase=/tpl/top-bottom.xsl