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Eco. 362 —21/01/2022 (Online Discussion/Quiz 2—Pros and Cons of Globalization)

Tony Orji by Tony Orji
January 21, 2022
in Assignment And Quiz
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Globalization is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. Countries have built economic partnerships to facilitate these movements over many centuries. But the term gained popularity after the Cold War in the early 1990s, as these cooperative arrangements shaped modern everyday life. Interestingly, after centuries of technological progress and advances in international cooperation, the world is more connected than ever. But how much has the rise of trade and the modern global economy helped or hurt humanity remains an empirical question.

As we know, the BWIs institutions are operating in an era of increased globalization, which creates tremendous opportunities for developing countries – and equally tremendous dangers.

In view of this, you are required to clearly discuss the pros and cons of globalization as it affects our local economy and the global economy at large.

 

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About Dr. Anthony Orji

Dr Anthony Orji

Senior Lecturer, Economics, UNN

Dr Anthony Orji is a Ph.D holder in Economics and a lecturer at the Department of Economics, University of Nigeria Nsukka.

He obtained his B.Sc, Msc and Ph.D Degrees from the University of Nigeria, Nsukka and a Post Graduate Diploma in Sustainable Local Economic Development (SLED) from Erasmus University, Rotterdam Netherlands.

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