Write about Financial Institutions to rebuilt the world economy
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Write about Financial Institutions to rebuilt the world economy
Write about Financial Institutions to rebuilt the world economy
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Answer:
the world economy is experiencing a corrosion of globalization. The web of economic and commercial ties across the world is fraying, with more frequent and larger gaps in it—even as trade in goods, services, and technology shifts locations and in some places grows. For globalization is multidimensional, encompassing much more than international trade, though panic about trade gets most of the political and press attention. What matters for human welfare is the quality, not the quantity, of globalization. As global economic integration deteriorates, its benefits for everyone are eroding.