Globalisation And Developing Countries

Abstract

In this paper we find that "globalisation" has been defined in different ways by different people. Globalisation is like an LPG Syndrome comprising liberalisation, privatization and globalisation. Main criticism about globalisation comes from the fact that although it generated unprecedented opportunities and wealth, the benefits of the same are not evenly distributed. Moreover many considered globalisation as a panacea for all the ills ailing their economies. Globalisation should be considered only as process to liberalise the economy in order to integrate the same with that of the world.


African Journal of Finance and Management Vol.9(2) 2001:91-97