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... This report will briefly look at such things as: Financial Globalization, the New International Economic Order, the Debt Regime, Global Managerialism, Global Governance, from these major categories, a clear path will be drawn to lead to what is now known as the Globalization Project.
A global infrastructure has been a very important evolvement in the last few decades. “It is an institutional complex that organizes global economic activity”. The rise of this infrastructure has taken many different forms:
Financial Globalization
A growing trend has been forming in the world, it has been the continued movement away from nation-state organized financial organizations to global ones (i. ... This ‘world economy’ depended on the circulation of U. ... dollars and it was the Bretton Woods arrangement that served to maintain a stable currency for world exchange. ... Unfortunately with the great loss of national control over their currency domestic dollar values fluctuated tremendously in the volatile world market. With such a huge amount of money passing through the world system every day it was virtually impossible to steady the fluctuations that were taking place. There was also a move by these transnational banks into the Third World market, which illustrated another departure from the development project.
The New International Economic Order (NIEO)
The flood of money borrowing and the demand by the Third World states brought about a New International Economic Order. The major objective of the NIEO was ‘Third Worldist’, which meant that it was interested in the growth, development and security of Third World economies.
Approximate Word count = 1152
Approximate Pages = 4.6
(250 words per page double spaced)
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