The Globalization Syndrome in the New Millennium

摘要

The "short 20th century" has ended unexpectedly!. The economic shocks of the late 1960s and early 1970s, not only brought to an abrupt halt, three decades of unprecedented economic growth and stability; they also weakened many of the institutional structures, which had come to define the century's evolution. Open markets, TNCs and New information technology have become new forces for economic growth and development in a truly global economy. As Chang and Rowthorn observed, ‘through various channels, the same forces had a profound influence on the policies pursued by many developing countries.