Current Economic Globalization And Interdependence

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Research Question: Does the current Economic Globalization and Interdependence process help or hinder the development of all nations? Theory/Hypothesis/Abstract: Economic globalization is reinforced by the idea that states which integrate with the international economic exchange system will become a more progressive and modernized as a consequence. However this paper will argue that this general perception about development does not take into account that globalization may in fact keep poorer nations weak for the purpose of exploitation. There is a need for the current approach to be adjusted. The international division of labour, class distinction, and the domination of liberal economic theory under the current approach to globalization all serve the interests of the wealthy nations, promoting and supporting dominance and exploitation. Data will be sourced from issues relating to the commodification of public goods within the World Trade Organisation (WTO such as the global struggles over water, as well as well as intellectual property rights) and analysed to determine how the interests of undeveloped nations are represented in these matters. The end of the Second World War and a movement away from colonialism led to a growth in scale of widespread global economic interdependence. The aim of economic globalization is to integrate advanced as well as developing national economies in the hope of creating a single worldwide economy. During the Cold War and much of the 20th

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