Globalization in the Modern Economy

Globalization in the Economy
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Globalization in the Modern Economy
Globalization has played a big role in the movement of goods and people across borders. Over the years, it has been lauded as one of the ways to improve the global economy. However, there has been growing discontent with globalization in the recent years. Some quarters believe that the global trade agreements are usually unfair. This, in turn, has led to the growth of populism, especially in the developed economies. The politicians in these countries claim that the system is particularly unfair to their countries. However, these claims are shaky considering that these countries were instrumental in the creation of the institutions that are charged with driving globalization. The claims that these countries were hoodwinked are therefore dishonest. Actually, these economies always got what they wanted from the trade d...