Hello, I am looking for someone to write an essay on Drawing on Nayyars framework for understanding the globalisation process explore the extent to which the financial crisis of 2008 has undermined in

Hello, I am looking for someone to write an essay on Drawing on Nayyars framework for understanding the globalisation process explore the extent to which the financial crisis of 2008 has undermined international production and governance. In doing so, explain why global financial stability is important t. It needs to be at least 1500 words.

nd middle income countries via enhanced market access, enhanced flows of FDI, frequently integrating them into global value chains or global production networks and hastened technology transfer (Nayyar 2006, p.138).

For the last three decades, globalization has generated exceptional levels of both economic growth and economic risk. The advent of globalization has rendered markets more open, allowing governments and firms to invest more freely. With the growth of global finance, development has become more complex. Globalization has over the years created unparalleled opportunities for development, but also unique challenges for development. Globalization has heralded opened societies and economies, which has enhanced opportunities for innovation, entrepreneurship, and wealth creation (Nayyar 2006, p.139).

Despite the pervasiveness of globalization, the reality is that some countries and people have been excluded from globalization, partly due to the logic of markets, which furnish more to those who have and deprive those who do not have. In fact, for the majority of the developing countries, globalization has yielded underdevelopment, divergence, and exclusion (Kaminsky 2006, p.504).

Globalization has accentuated inequalities via mechanisms such as trade (financial) liberalizations, privatization, and deregulation. It is apparent that the spread of globalization has been uneven, which has led to the exclusion of some people and countries from the process, especially from the arena of international trade, international investment, and international finance. The benefits of globalization have been accrued only to the industrialized world and a small number of developing countries. For the majority of developing countries and their population, the process of integration within the world economy has not produced gains in terms of economic growth or poverty reduction since they did not create the essential preconditions and the process of integration was too