Trade meet to hear globalization fears

Trade meet to hear globalization fears

KUALA LUMPUR (DPA): Malaysia will raise the developing world's fears of the detrimental effects of globalization at a United Nations trade conference in Bangkok beginning next week, Prime Minister Mahathir Mohamad said on Saturday.

Mahathir will be attending the 10th UN Conference on Trade and Development (UNCTAD) in the Thai capital which will be held from Feb. 12 to 19.

"Trade and development appear to be affected among developing countries because they can't adapt themselves to globalization and free trade," he told reporters.

Developing countries, he added, were also concerned about the effects of too many giant mergers between huge multinationals in industrialized nations.

Mahathir said he hoped the Bangkok conference could come up with ideas on how developing countries could cope with and address the problems of increasing globalization.