[news] Is Globalization on its Way Out?

[Mostly Water - "Canadian" and International alternative news feed]

In the early 1990s, when the present era of globalization began, it was asserted that its course was irreversible. The New Economy...was immune to business cycles. There was no challenge to capitalism because the Soviet Union had collapsed and China had begun adapting itself to the new era..."(B)ut domestic factors still largely determine...(the) dynamics (of national economies). Globalization, in fact, has reached its high-water mark and is receding." 

  


[read more][1]

    [1]: http://mostlywater.org/is_globalization_on_its_way_out

URL: http://mostlywater.org/is_globalization_on_its_way_out