Globalization, economic restructuring, supply and policy responses in developing countries

Through the globalization of trade, financial flows and information, the world has changed considerably during the past century and a half, However, one thing is sure this time: we are on the brink of a new technological revolution, where economic and financial decisions are made and transmitted around the globe at tremendous speed and where informational links and interaction through the internet are contributing to a restructuring of relations inside economies and between nations as production and service delivery costs are cut and rationalised, industries relocated and parceled out while new economic activities and structures of demand arise. ¹