Globalization of world economy pdf

International contributions explore the process of regionalization in the Pacific Area, The Americas, Africa and Europe, and question whether the world economy is characterized by increasing regionalization, rather than globalization. The book is an excellent contribution to debate on development economics.

It investigates how the processes of globalization and regionalization, driven by liberalization of trade and capital markets, weaken nationally established monopolies and protected industries and it looks at the challenge to Third World nations and the countries of the former socialist bloc. Audretsch and Charles F. Bonser present a view of Globalization and Regionalization that holds that the interaction between a more open trading system and the new telecommunications and computer technology has Author : M.

In this book, he takes the analysis one step further. Eradicates Cultural Barriers Countries joining together economically through politics and education have reduced and can even eradicate cultural barriers, and increase the global village effect. Globalization has seen to be the medium to spreading of democratic ideals to well developed nations and greater independence to developing countries in the Global South.

Reduction Of War Reduction of war between well developed nations is probably one of the primary benefits of globalization. Increased free trade between nations 2. Increased liquidity of capital allowing investors in developed nations to invest in developing nations 3.

Corporations have greater flexibility to operate across borders 4. Global mass media ties the world together 5.

Increased flow of communications allows vital information to be shared between individuals and corporations around the world 6. Greater ease and speed of transportation for goods and people 7. Reduction of cultural barriers increases the global village effect 8. Spread of democratic ideals to developed nations 9. Reduction of likelihood of war between developed nations Increases in environmental protection in developed nations Disadvantages of Globalisation 1.

Decrease Environmental Integrity Globalization has the potential to decrease the environmental integrity as polluting corporations from well developed countries can take advantage of developing nations weak regulatory rules. The Seek For Cheap Labor Globalizations increases of non-skilled and skilled jobs from developing nations to well [Date] developed countries as huge corporations seek for cheap labor. Limits Cultural Expressions Globalization imposes threat to mass media being controlled by huge corporations.

This could limit the cultural expressions. This means that mass media can be used by handful corporations to pose risks in the cultural heritage of both well developed and developing nations. Globalization is a global economical trend that is here to stay. It has advantages and disadvantages, and these things will not disappear. People just need to know how to reap its benefits and reduce its risks.

People must understand its impact globally, and work altogether to remedy the problems that may arise in the future. All countries in the Global North and Global South must work altogether to spread its benefits.

Increased flow of skilled and non-skilled jobs from developed to developing nations as corporations seek out the cheapest labor 2. Increased likelihood of economic disruptions in one nation effecting all nations 3. Corporate influence of nation-states far exceeds that of civil society organizations and average individuals 4. Threat that control of world media by a handful of corporations will limit cultural expression 5.

Greater chance of reactions for globalization being violent in an attempt to preserve cultural heritage 6. Greater risk of diseases being transported unintentionally between nations 7. Spread of a materialistic lifestyle and attitude that sees consumption as the path to prosperity 8.

International bodies like the World Trade Organization infringe on national and individual sovereignty 9. Increase in the chances of civil war within developing countries and open war between developing countries as they vie for resources [Date] Although globalisation is probably helping to create more wealth in developing countries - it is not helping to close the gap between the world's poorest countries and the world's richest.

Transformation of Russian educational system in the age of globalisation By Elena Tropinova. Economic globalization - advantages and disadvantages: the place of Serbia and Japan in the globalized World By Sanja Jelisavac Trosic.