By Julian E. Kunnie

Over the last 25 years, a variety of books were written at the merits and drawbacks of globalization. however the concerns bobbing up from quick international integration have usually been taken care of in isolation by way of such a lot educational works. This quantity examines the various pitfalls of globalization from the viewpoint of impoverished and indigenous peoples, together with the widening wealth hole, the fight for recovery of dispossessed lands and cultural rights, international warming and ecological annihilation, and the studies of ladies in underdeveloped areas who obtain little reap the benefits of their exertions and are topic to violence. The United States' becoming felony commercial advanced is mentioned as an outgrowth of globalization practices that limit financial mobility. the writer concludes with a choice for reassessing present methods of residing and proposes recreating cultures of conservation and sustainable economies in concord with the Earth.

About the Author
Julian E. Kunnie is a professor of non secular, Latin American, center japanese and North African stories on the collage of Arizona, united states. His articles have seemed within the African experiences assessment , the Black pupil , the magazine of African American heritage , the magazine of the African American Academy of faith , the magazine of Pan African reports , and different famous journals and guides. He has travelled largely doing examine, instructing, and lecturing all over the world. He lives in Tucson, Arizona, united states.

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In South Asia, the island nation of Sri Lanka illustrates the gravity of the problem of globalization’s rising inequality and skewed economic growth favoring the wealthy. Given the astronomically high bank interest rates in most countries of the underdeveloped world, like Sri Lanka, where they hovered between 10 percent and 24 percent per year in 2000, along with the forced conditions of foreign exchange deregulation, financial liberalization, and elevation of private sector finance and banking, Sri Lanka entered a critical credit crisis and was forced to turn to the IMF for loans and a structural adjustment package.

72 In April 2014, three Tohono O’odham men were shot by Border Patrol agents in Arizona, including one who was shot badly in the face. In 2012, 16-year-old José Antonio Elena Rodriguez was killed after Border Patrol agents fired 14 shots at him at the Arizona-Mexican border after border agents claimed that Rodriguez threw stones at them over the border wall. 75 An environment of fear and intimidation has become the norm for these Indigenous peoples in their ancestral homeland. In Latin America, some positive news emerges, not because of globalization forces, but despite them.

Trade deficit with countries like China. S. S. S. S. S. dollar and is increasingly uncomfortable with its huge debt holdings in dollars. It is considering reverting to the gold standard or to another viable exchangeable unit currency for trading in commodities as discussed within the BRICS bloc (Brazil, Russia, India, China, and South Africa) and expanding its banking interests in Europe. 34 China’s banking sector is also extremely fragile, with loans in 2009 that were three times those of loans in 2008, with half of these financing property acquisitions 30 The Cost of Globalization and speculation that is fueling a skyrocketing property and stock bubble.

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