I still remember the definition of globalisation “merging the national economy with the world economy …. “ from the textbooks of 10th grade. But what we never knew was that there would be problems anything like “recession” when it comes to economy.
So what happens when a country merges the economy with the world economy? It ends up suffering with all other countries when any one of them has a problem. Our textbooks were full of positive aspects of globalisation that no one even cared to tell us about the negatives.
P.S. It flashed across my mind when I was in bed last night, so just thought of making that a quick and short post.