Classical vs Modern Globalization Annotated Bibliography

Classical vs current Globalization - An nonated Bibliography ExampleIn addition, he has also suggested a reform agenda to reshape globalization.low-water mark Eroglu studied the impact of globalization of financial markets on scotch policies of nations. By conducting this research, Eroglu aimed to highlight how globalization has reshaped the financial markets. Eroglu states that globalization of international finance has separated the financial capital from the state by separating the political control, economic activities, regulation and stability through financial deregulation and information technologies. Moreover, he also highlighted the increasing advantage of financial commodities on the economic structure and the impact of this hegemony in making the implementation of nation states policies hold in and ineffective.Jonathan Holter appears to be a major supporter of classic and neo classic globalization and an opponent of red-brick globalization in his research study, The invisible hand Failing on a global graduated table. Holter has discussed the theory of invisible hand proposed by Adam Smith and analyzed its implications in the world economy. By quoting various examples, he has also explained reshaping of world economy and financial markets and highlighted the problems created by modern globalization. The crux of Holters research is that globalization has created a free trade economy and it has changed the world for the worse, because modern globalization has not promoted a global scale social welfare system, which it has promised, therefore, there is a need to establish ruling institutions devoted to poor economies and international finance and trade organizations should be also strengthened.Natalie Radovanovic in an article on International Finance in the period of globalization current trends discussed the current practices of financial institutions including IMF and World Bank. Radovanovic has presented his aspect that debate