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Impact of Globalization in Africa Essay

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Globalization is the global interconnectedness of economic activities. It is characterized http://write-my-term-paper448.mystrikingly.com by new technologies, new structures, new economies and new cultures. All these are structured around global financial flows that are based of computer simulations and speculations. The resulting global economy is very turbulent due to non-linear feedbacks and it is easily influenced by political events and influential analysts’ projections. These is seen when there is instability in the stock markets in certain countries like the United States of America. The instability affects all other stock markets in the world. But is globalization global? The global economy sees some areas as invaluable and politically irrelevant and often such areas are excluded from this global economy. The idea of globalization was conceived by leading capitalist countries, global financial institutions (World Bank, International Monetary fund (IMF) and World Trade Organization (WTO)) and transnational co-operations.