But it is often dangerous to use the trend established in predicting the future. The world may be moving into the global economic system, but globalization is not inevitable. The country may be pulling back from its commitment to ideology over the past experiences of economic liberalism, if they do not meet their expectations. Periodically, such as identifying signs of retreat from ideology to economic liberalism in Russia. Russia has experienced tremendous economic pain while it's trying to change from a planned economy to market economy, from the global to the. Haklangle of Russia is going to become more and more prevalent, and the vision of global economic liberalism that flourished on the basis of the principle of more free market couldn't happen quickly, as many hope.In addition, globalization increasingly make their own risk. This was shown in 1997 and 1998, when the financial crisis occurred in Thailand is the first country which spread to other countries. In East Asia and then to Russia in 1998, and Brazil. In the end, a crisis that threatened to plunge the economies of developed countries, including the United States into a recession. We explore the causes and effects of this and other similar financial crisis in Chapter 10, even from a purely economic view of globalization is not all good. The opportunity to do business in the global economy may have increased significantly, but as we saw in 1997-1998, the risks associated with the financial world, infections are also more. Also later in this book. The company can take advantage of the opportunities associated with globalization, while at the same time reducing the risk through the risk management strategy where appropriate.
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