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Write an essay on globalisation and 21st century

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Latin America, like much of the developing world, will have to face serious challenges in the current century. Environmental changes, persistent inequality, and increasing violence force millions of people throughout the region to live in a constant state of uncertainty. Will Latin American countries be up to the task of finally improving the life of their inhabitants? What are the grand challenges of the 21st Century for the world and specifically for Latin America? Of all the things going wrong, what should we be most worried about? In this essay, we begin by describing what we contend are the most critical global challenges, and then analyze how these will play out in the region that we are studying, Latin America. The most obvious unravelling that we face is that of the environment.

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Globalisation refers to the integration of markets in the global economy, leading to the increased interconnectedness of national economies. Markets where globalisation is particularly significant include financial markets , such as capital markets, money and credit markets, and insurance markets, commodity markets, including markets for oil, coffee, tin, and gold, and product markets, such as markets for motor vehicles and consumer electronics. The globalisation of sport and entertainment is also a feature of the late 20th and early 21st centuries. Globalisation brings a number of potential benefits to international producers and national economies, including:.
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