The process of globalization can be seen in the increase of: trade
interdependence, the importance of global multinational
corporations, mobility and volatility of capital flows (with
dangers demonstrated by the recent Mexican crisis). This
globalization creates both dangers and new opportunities, both
winners and losers. The parallel growth of regional blocs is
equally hazardous, particularly for countries left outside the
regional blocs. The book, with contributions by eminent experts,
describes the impact of both globalization and regionalization and
the relationship between these two dominant trends.
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