Assignment on Globalization of world Economy and Recent financial Crisis

Globalization is one of the most controversial topics of the early twenty-first century. Academic debates currently raging about globalization include whether it even exists, whether it is more important now than at some earlier date whether it is displacing the nation state and whether it is more important than regionalism. Also, of course, there are extensive analyses as well as polemics about whether the results are good or bad and for whom recently; such controversies have spilled over from academic journals to street demonstrations. This paper analyzes the impact of globalization on developing countries over the last several decades with world economic perspective and recently held financial crisis around the globe- into two parts.