Globalization, at its most basic, means simply the long-term, secular trend towards ever-greater interpenetration and interdependence of the world's economies. And this is indeed inevitable. Over the centuries, as production processes have developed and grown more sophisticated, their linkages have increased.

Why do you think globalization is inevitable and irreversible?

Economic globalization is an irreversible process due to the growing demands in every facet of globalized markets from both developed and developing nations and economic policies of various nations have suppressed the impetus for their own economies to move forward thus debunking theory of economic globalization as a ...

Is globalization inevitable and irreversible?

“Globalization is an inevitable and irreversible trend. However, we can take part in giving it shape to be more people-centered, inclusive and sustainable,” said President Quang.