Question 1
Some people argue that globalization is making the world “flat.” Others say it is making the
world more “lumpy.” Explain the difference between these two perspectives.
Globalization has led to the spread of the economic activities from the places regarded as the
“Centre” to other regions or countries. This is because in the cases of geography approach there
is an increased return which is caused by the agglomeration of the activities which takes place at
the Centre. It is interesting to note that even as the activity continues to spread out, it will remain
prone cluster. It is therefore believable that such developments are inherently “lumpy” In
contrary, one would argue that the world becoming flat is the metaphoric description of how
much globalization has contributed in the creation of relatively level playing ground for the
competition in terms of economy. In fact through globalized technology like the use of the
internet, the ability to have cooperation and corporate competition held transnationally has been
enhanced.
Question 2
Explain how the Bretton Woods agreement has contributed to globalization
The Bretton Wood Institution which includes World Bank, HIPC and IMF has played very
significant roles in making globalization better. The primary objective of creating this institution
was to help in the restoration as well as sustenance of the benefits of the global integration. This
has been achieved through promotion of the international economic cooperation. In the present
set, these institutions pursue common objectives which broadly-shared prosperity but within their
respective mandates. The World Bank has been concentrating on the investments of long-term
projects, building of the institutions and on other issues which are basically social including

+13062052269

info@desklib.com

Final Assignment Course 2022

Contribute Materials

Related Documents

International Relations and Conflict Resolution

World of Economy Question Answer 2022