Global Economy Case Study Example | Topics and Well Written Essays - 2500 words

Global Economy - Case Study ExampleDani Rodrik had proposed a new dimension for worldwide economic conditions. There are a lot of factors which contributes towards financial corking and differentiates rich countries from that of poor ones. Economic development and growth is only facilitated through capabilities being accumulated everywhere a longer period of time. This truly encompasses technologies, public institutions and skills. It is not possible for globalisation to leverage all(prenominal) such capabilities. They can only be leveraged by terra firmas. East Asian nations have been able to conjure domestic productive capacities before entering into international markets. Reinvigorating requires maintaining a balance between markets and states without losing essence. Financial globalisationDani Rodrik throughout his works has highlighted various aspects affecting globalization process. There lies a major threat with globalization in terms of providing social insurance by n ational governments. Globalization often results into conflicts between and in spite of appearance nations over social institutions and domestic norms. Domestic country plays a vital role in sustaining global capital. However it is often a challenge for such democracy to protect ones nation from global threats. Culture and technology can only be strengthened through domestic democracy and these factors contribute towards achievement of global capital (Steger 52-55). On the other hand, skilled and unskilled workers during globalization break away to become substitutive and elastic.I certainly feel that globalization has supported many nations to strengthen their position across the globe. There are threats associated with globalization and this has made many countries impose strict regulations or norms while concern with international markets. For instance, some European countries have laws stating that international players need to