Globalization and the South : some critical issues

摘要: This paper examines the implications of some main features globalization process for developing countries. It also makes several proposals countries in considering national-level policies to face challenge, as well coordination among facing negotiations or making at international level. While there are many aspects globalization, most important is recent national policy-making not only through normal spread orthodox theories but more importantly agencies, such Bretton Woods institutions and World Trade Organization, which North has leverage over South. The liberalization trade, finance investment policy choices each these categories. argued that, while advantages an open regime countries, impact openness depends on a country’s level development preparedness take challenges subjecting local production units foreign competition, being able break into world markets, weathering volatility fickleness private capital flows their propensity lending recipient debt trap. therefore imperative that be given possibility have adequate range options, when, how what extent economies. For them maintain choice flexibility collectively press case forums where decisions global economy made. Failure doing so would mean will continue subjected unsuitable development, than ever close off prospects options.