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Furthermore, inequalities in living standards and participation in the global economy are serious political problems in an era of globalization. Some countries have failed to function at even a minimum standard of basic competence in the globalized economy. Consequently, the only profitable economic activity in some of these countries is linked to criminal behavior, such as the trade in illegal drugs, smuggling, and extortion of various kinds.
On the other hand, most experts believe that the process of globalization has bettered the world that we are living in. The establishment of some international institutions, such as the United Nations (UN), the International Monetary Fund (IMF), the World Trade Organization (WTO) is evidence of the good things that globalization can bring...
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Common topics in this essay:
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