Initiatives to Cope with Globalization
3 Pages Posted: 7 Nov 2009
Date Written: November 7, 2009
Though the global financial crisis affects the march of globalisation, economists are confident that the world will recover and globalisation will regain its momentum. Globalisation holds opportunities and threats. It offers opportunities for the fittest and threatens the inefficient. It creates new products, provides newer employment opportunities and opens up new markets for the investors. It increases competition and technological development and emphasises innovative research. We must be prepared to avail the opportunities that globalisation offers us.
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