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Essay / Research Paper Abstract
This 9 page paper discusses the statement by Joseph Stiglitz that “The problem is not with globalization but with how it has been managed” . The paper approaches this by looking at the benefits of globalization and how these have been managed by an international organisation; The International Monterey Fund (IMF). The paper argues that the existence of this organization indicates that there is a mismanagement of the world economy, and that the organization then furthers this bad management with the terms and conditions associated with the help of the IMF. The bibliography cites 6 sources.
Page Count:
9 pages (~225 words per page)
File: TS14_TEglobman.rtf
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Unformatted sample text from the term paper:
here regardless of how it is conceived. Global trade has increased exponentially over the years. The desire to increase trading and the benefits of global trade have been supported by
the formation of many organizations. However, in looking at global trade on a global scale instead of from the perceptive of a single organization it may be argued that the
benefits are biased towards to richer and politically stringer countries, and as such the benefits of globalization are compromised. As such it is the way globalization that is managed which
is the problem, rather than the actual concept. One example of this is the World Bank and more specifically the International Monetary Fund. To argue this there needs to be
consideration of the impact of globalization and also the benefits that it may bring to all concerned. Both of these organizations may be seen as built on commercial foundations, although
they may be in a position to offer aid, the main goal is to develop trade. The actual concept of globalization has been criticized by many as inherently flawed, Eli
Heckscher, a well respected French economist made a prediction that the globalization would be bound to fail (Gunlan, 1999). This was a strong position, and may still be argued when
looking at the way in which global trade is seen to thrive. There can be little doubt that without global trade and general globalizations the World Bank and the International
Monetary funds would have little role to play,. By the same argument we can also argue that if globalization was managed correctly there would be no need for the existence
of the Intentional Monetary Fund. In this paper we can argue that the existence of the International Monetary Fund may be seen as evidence for the accurate of the quote,
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