Syrquin Moshe

Globalization: Too Much or is it too Little?

  • Abstract

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Economic globalization is defined by market integration. This paper argues that, the rapid degree of globalization notwithstanding, integration still falls considerably short of theoretical expectations. For low income countries, the limited participation in the globalization process reflects the limited spread of Modern Economic Growth. Antimarket rhetoric and signs of a retreat of the rationalistic outlook do not augur well for a broader and more equitable spread of globalization.

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