1945

Trade and vulnerability

In recent years, it has frequently been maintained that the increasing globalization of the world economy has had a negative impact on its less well off members, especially the poorer developing countries and the economies in transition. It is pointed out that many of these countries have simply been excluded from the various benefits of globalization. Moreover, it is argued that poorer economies are rendered more vulnerable owing to their increased exposure to the fluctuations and vacillations of an increasingly open global economy.

/content/books/9789210451994s005-c003
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