Economic of Globalization

Topics: Globalization, Economics, Economy Pages: 12 (3758 words) Published: December 12, 2012

Name: Saurabh Singh MBA(Batch 1) 12SOB102234


Globalization has brought new challenges and changes, in terms of both new risk and new opportunities. It is one of the key drivers of economic and environmental change. The impact can be both positive and negative. This paper explains the impact of globalization and the fundamental issues and current controversies related to globalization. Introduces the impact on economics, culture, communication, work productivity, etc. This paper explains also the role of multinational enterprises, because they are key vectors of globalization and they have become key actors in the globalization process. Globalization contributes to accelerated economic growth, particularly through increased trade and investment activity and stimulates economic development by integrating emerging economies into the global economy. Advances in communication and transportation technology, combined with free-market ideology, have given goods, services, and capital unprecedented mobility and it is one of the reason globalization. This paper analyzes economic issues globalization, and examines how it might be resisted or regulated in order to promote sustainable development. Monetary policies are linked between the economies across the globe. When the U.S. government cuts interest rates, for example, other countries respond affirmatively. An economic recession which, according to The National Bureau of Economic Research started in the U.S. in December 2007, spread virally across the globe, almost bringing the entire global economy to its knees. Clearly, there are structural problems that make some economies more prone to contagion than others whenever there is a global economic crisis. For instance, while Western economies were grappling with the recession, China was barely bruised.

Table of context

Chapter.No Title Page.No Abstract

1. Introduction31.1 Overview3
1.2 History4-5
1.3 Irreversibility5-6
1.4 Trend, risk, prevention6-7
1.5 Effects7-11
1.5.1 Positive effect7-8
1.5.2 Negative effect9-10
1.5.2 Effect on world culture10-11
4. Appendix

1.1 Overview
Economic globalization is the increasing economic interdependence of national economies across the world through a rapid increase in cross-border movement of goods, service, technology, and capital. Whereas globalizaton is centered around the rapid development of science and technology and increasing cross-border division of labor, economic globalization is propelled by the rapid growing significance of information in all types of productive activities and marketization, and the advance of science and technologies. Depending on the paradigm, economic globalization can be viewed as either a positive or a negative phenomenon. Economic globalization comprises the globalization of production, markets, competition, technology, and corporations and industries. While economic globalization has been occurring for the last several hundred years (since the emergence of trans-national trade), it has begun to occur at an increased rate over the last 20–30 years...

Bibliography: * Bordo, Michael (2005). Globalization in historical perspective. University of Chicago Press
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