Globalization is inevitable. Countries could pull back from its commitment to the ideals of the past experience of economic liberalism, if they do not meet their expectations. Signal periodically as specified retreat from liberal economic ideology in Russia. Russia has experienced tremendous economic pain as it attempts to transition from a centrally planned economy to a market economy. If the Russians were reluctant to become permanent and more widespread liberal vision of a more prosperous world economy based on free market principles may not happen as fast as many hoped.
In addition, more globalized. The risk of their own. This shows there in 1997 and 1998, when the financial crisis in Thailand was the first to spread to other countries in East Asia in 1998 and then to Russia and Brazil. The crisis threatens to plunge the economies of developed countries, including the United States into recession. We explore the causes and consequences of this and other similar financial crises in Chapter 10, even from a purely economic globalization is not all bad. Opportunities of doing business in the global economy could rise significantly. But as we saw in 1997-1998, the risks associated with the global financial infection are also greater. Also further described in the book, companies can take advantage of the opportunities associated with globalization while at the same time reducing risk through appropriate risk management strategies.
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