Economic globalization and its impact on developing countries

Since the 1980s,economic globalization is the most important trends in the development of world economy.The main manifestations of economic globalization,international trade and development,as well as the rapid increase of financial globalization,multinational corporations and so on.For developing countries,economic globalization is a double-edged sword,it has brought new development opportunities for developing countries,but also developing countries suffered from the unprecedented impact.Developing countries should actively participate in the globalization process,but also adopt a cautious approach to WTO.