Economic opportunities of globalization on developing countries: First， economic globalization for developing countries to attract more foreign investment conditions and To attract foreign investment scale will no doubt help to solve the problem of shortage of funds in developing Second， economic globalization for developing countries outside of the capital voted to create a favorable external environment and conditions， so that foreign direct investment scale is continually expanding and growing Third， economic globalization brought about a worldwide economic and technological development zones and bonded areas and free trade zones and other forms of development of free economic Fourth， the economic globalization so that the worldwide industrial restructuring was further deepened， the pace of Developing countries can take advantage of this opportunity to follow based on reality and focus on the future of the organic unity and take the initiative to coordinate the worldwide industrial restructuring and upgrading of domestic industries Fifth， economic globalization has promoted the development of transnational corporations in developing countries so that in the world market However， the development trend， as a result of economic globalization for developing countries in the broader field of active participation in international competition opportunities for transnational corporations in developing countries more actively active in the world economic stage of the era just around the Sixth， the economic globalization has driven the rapid development of international Although developed countries are the biggest beneficiaries of international trade， but developing countries， especially developing countries in Asia also benefited from international trade， its trade volume of world trade accounted for about 20% of the Economic challenges of globalization on developing countries The challenges posed by economic globalization is tough， developing countries and developed countries brought about by economic globalization to share some interests， but under pressure from economic globalization brought about by the negative effects of even a serious blow to their Economic globalization on developing countries， the challenges are: First， developing countries in the current process of economic globalization in a disadvantageous With the global trade and the global production system of rapid development， as well as multinational corporations and capital expansion of the national economy of developing countries are faced with increasing pressure and the impact of dependence on the developed countries is also increasing Developed countries to control the international economic system， holds the hands of capital， technology and other advantages， in economic globalization to the majority of developing countries far Secondly， under the economic globalization of financial globalization in developing countries in promoting economic growth， brought about the financial risks can not be ignored and economic At present， 24 hours of electronic transactions in the global financial market has taken shape， in order to provide greater facilitation of market transactions， but also for the financial sector has provided many opportunities for Second， because under the conditions of economic globalization， market forces around the world to strengthen， as well as developed countries， the expansion of large multinational companies， there may be some impact on domestic industries of developing countries， threatening the safety of its domestic market to enable developing countries in economic affairs the relative decline in
What Caused The Financial Crisis? I think we can sum up the cause of our current economic crisis in one word — GREED Over the years， mortgage lenders were happy to lend money to people who couldn’t afford their But they did it anyway because there was nothing to These lenders were able to charge higher interest rates and make more money on sub-prime If the borrowers default， they simply seized the house and put it back on the On top of that， they were able to pass the risk off to mortgage insurer or package these mortgages as mortgage-backed Easy money! and what went wrong with our financial system? The whole thing was one big Everything was great when houses were selling like hot cakes and their values go up every Lenders made it easier to borrow money， and the higher demand drove up house Higher house values means that lenders could lend out even bigger mortgages， and it also gave lenders some protection against All of this translates into more money for the lenders， insurers， and Unfortunately， many borrowers got slammed when their adjustable mortgage finally When too many of them couldn’t afford to make their payments， it causes these lenders to suffer from liquidity issue and to sit on more foreclosures than they could Mortgage-backed securities became more risky and worth less causing investment firms like Lehman Brothers to Moreover， insurers like AIG who insured these bad mortgages also got in The scheme worked well， but it reverses course and is now coming back to hurt everyone
