Summary and Conclusions

The intensifying process of economic integration and political interdependence that we know as globalization is clearly tearing down barriers and building new networks among nations, peoples, and cultures, at an astonishing and historically unprecedented rate. It has been fueled by an explosion of IT technology that enables information, ideas, money, people, products, and services to move within and across national borders at increasingly greater speeds and volumes.

It is important to point out that globalization need not benefit only the advanced nations. Indeed, in developing countries, too, it brings the promise, but not the guarantee of a better future. More people have been lifted out of poverty during the last few ...

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