Practical Insight: The Concept Of Globalization And The Asian Flu. This article examines the concept of globalization and what the recent Asian crisis reveals about this development. It finds that even though problems in Asia were largely a market correction, the extent to which national economies have become integrated in a global economy meant that an impact was experienced throughout the world. 5 pgs. 6 f/c. 4b. Pages: 5 Bibliography: 4 source(s) listed Filename: 1788 Asian Flu.doc Price: 44.75