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Economic globalization has brought many positive effects, yet also created some intricate problems in terms of policy making for the state governments. However, less developed countries tend to bear most of the cost from economic globalization.

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In the context of economic globalization, discuss the political status of developed and developing countries in terms of people’s livelihood

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Cable, V. (1999).Globalization and global governance. London: The Royal Institute of International Affairs.

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Cable, V. (1999).Globalization and global governance. London: The Royal Institute of International Affairs.

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Outlining some problematic situation of globalization with respect to weaken the overall power of state governments on an international level. Cable examines the weakness of the government in terms of its dependency on the profitability of big international corporation and loaning abilities for large multinational banks in the global economic market.

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