Answer:
Nearly two years since Asia’s economic crisis began, the region has begun to express doubts about the impact of globalization on regional societies. Although the term defies simple definition, participants agreed that globalization has several core characteristics:
Unprecedented economic interdependence, driven by cross-border capital movements, rapid technology transfer, and "real time" communication and information flows.
Rise of new actors that challenge state authority, particularly non-governmental organizations and civic groups, global firms and production networks, and even financial markets.
Growing pressure on states to conform to new international standards of governance, particularly in the areas of transparency and accountability.
The emergence of an increasingly Western-dominated international culture, a trend which in many countries has sparked concern about the erosion of national identity and traditional values.
The rise of severe transnational problems that require multilateral cooperation to resolve.
Explanation:
Nearly two years since Asia’s economic crisis began, the region has begun to express doubts about the impact of globalization on regional societies. Although the term defies simple definition, participants agreed that globalization has several core characteristics. Hope this helps
