Globalization, Terrorism and War Essay
However, this blind acceptance of globalism that has become all to apparent in modern times is sometimes unjustified; in the past century there have been many contentious issue that dominate the global agenda, most recently terrorism and the growing conflicts …show more content…
Foreign investment, both direct investment (FDI) and portfolio investment, mainly oriented around foreign exchange markets, has also experienced this similar trend of growth particularly in recent times.
From 1991 to 2000, FDI flows increased by 600%, resulting in aggregate trade of over $US 1.2 trillion. Portfolio investment, too, has grown by spectacular amounts, clocking 400% growth rates between these two years, an aggregate of over $US 3 trillion. These figures indeed suggest the investment integration of the domestic economies – such large growth rates and aggregates indeed indicate that the global economy, driven by 60 000 TNCs and their 800 000 affiliates world wide, is becoming increasingly an omnipotent force on the international agenda.
The international business cycle, too, is a sure indicator of the presence and magnitude of the force