CONCLUSION
- This chapter concluded the current phase of globalization .
- MNCs are actively contributing to the process of globalization . Rapid technological advancement fostered the process of globalization .
- The WTO has pressured developing nations to liberalize trade and investment at the international level.
- While wealthy customers and skilled, educated, and wealthy producers have profited from globalization , many small producers and workers have suffered as a result of the increased competition.
- Fair globalization would open up opportunities for everyone and ensure that the advantages of globalizatio n are distributed more fairly.
