East Africa and Globalization
The developing interconnectedness of public economies and the expanding
streams and versatility of views, innovation, people, products,
administrations and capital across public limits is normally portrayed
by the grandiose term globalization. Regardless of whether this monetary
globalization (one could likewise discuss military, political and social
globalization) is revile or favoring is one of the most disputable
inquiries within recent memory as Kofi Annan noted, contending against
globalization resembles contending against the laws of gravity Luiz,
(2016).
With the new world order, dynamic authority is being surrendered to
international frontiers like the IMF, the World Bank, TNCs and WTO, etc.
These foundations are not independent performers; rather they address
the interests of the authoritative states (most prominently the USA and
the UK) which thusly address different interests that these world super
powers want to achieve.