Globalization is Inescapable
Francis E Hilotina, Member
This issue is no longer new, but G is now subject to sustainability challenges.
Like it or not, both macro and micro economics are driving
vital fronts in developing, emerging, and 'poor' markets.
The recent financial crisis has caused new initiatives driving cooperation among continents.
Not to mention the emerging markets, which are showing new windows of growth, where global finance institutions are keenly molding new fundamentals while mending the ones that tumbled the house down in 2007.
Politics remains an influencing factor, shaping popular behavior in countries of the global economy. Politics has now more than ever become exportable thanks to globalization.
But where geopolitical border cross there remain several big challenges of policy making
. Strong and resilient bonds should be created, built on trust and reciprocity among nations.