‘Price hikes due to globalisation pace’
Published On April 5, 2022 » 926 Views» By Times Reporter » Business, Stories
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By CHATULA KANGALI –
THE sudden price escalation in most African countries today is due to the pace of globalisation and the inherent defensive mechanism of capitalism to safeguard the interests of its actors, a local scholar and economist has observed.
The scholar observed that globalisation has advanced and capitalism matured, hence countries across the world
experiencing almost the same challenges whenever there is a slight instability in the environment, politics, economy or health.
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