Trade, Territory and Technology: Economic Crisis in the Global Economy

This book is an attempt to look at the structural and functional changes occurring in the global economic system in the wake of liberalization, privatization and globalization wave sweeping across the world economies.

People in developing countries have lost confidence in the existing international institutions – which are supposed to be the protectors – because at the time of the crisis they seem helpless in protecting the interests of poor economies. The institutions like International Monetary Fund (IMF) and the World Bank did not do enough during Asian Crisis of the last century. They were again not forthcoming when the Economic Crisis (2008) hit the world economies. Problems like poverty and unemployment in underdeveloped countries cannot be solved by one nation but need concerted efforts of the world as a whole. Therefore, there is a need for Global Democratic Government to make the world happier and a prosperous home of human beings.