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Globalization and a Shrunken World
Overview of Globalization
The book deals with pros and cons of Globalization and its focus extends both to the home and host countries. While Globalization has been beneficial, it has not been without challenges for both home and host countries.
Benefits to Host Countries
There are many areas where the host countries tend to benefit significantly from Globalization. The interface with the global economy unleashes a lot of positive energy in the economic systems of the affected countries, particularly in the host country's economy.
Challenges of Immigration and Economic Integration
The book deals with the challenge of immigration, which the developed countries are facing, as an offshoot of inclusiveness that comes with Globalization. Increased debt intensity in some of the developed economies has resulted from their integration with the world economy, which many countries have witnessed since the early 1990s.
Globalization and Country-Specific Leverage
The book also delves into how the phenomenon of Globalization has been leveraged by some countries more than others. While the US has been the leader in unleashing Globalization, India, an effervescent democracy, has gained substantially from this trend, having significantly developed its professional competencies.