Future Economy will be Facilitated by Globalization
Globalization affects economy in a great way and it seems globalization will define economy in near future. Recently the Daily News hosted a seminar on globalization and local economy, at Memphis Brooks Museum of Arts.
As Globalization has set up a global business platform, economies and markets across the world are now placed against each other and competition has grown. Globalization has also led to various technological developments.
The seminar discussed few big economic stories and, emerging markets and improving standards of living in places like China. Over the last decade the emerging markets have contributed around 70% for growth on the planet.
However the seminar explained that due to the impact globalization many international investors will take a pause due to the fear of unknown whereas investing in US will still be considered comfortable.