pramodgokhale profile image 60

Globalization any alternative?critics can not offer solution.


After the WW-II world was divided into two blocs i. e. Capitalist and communist In third world nations most of the regimes loved socialism to resolve basic problems but failed.Inefficiency ,corruption ,and authoritarian regimes could not build the nations.Globalization could not solve the problem of poor nations and locked into debt trap.lack of basic civilization, illiteracy feudalism are the basic issues which plagued the development of third world nations. transition from controlled economy to free market economy is painful exercise

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Agantum says

4 years ago
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Johnkadu123 says

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