Posted on : September 29, 2018
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At the heart of the process of globalization is the rise of a new organizational paradigm in the form of the market system; a new logic of commercial exchange has expanded to ever more spheres of human activity. After millennia of societies and economies being governed primarily by people making choices within a political context, today economies around the world are less governed by the choices of their political institutions and more by rules of economics, markets and flows of financial capital.