Environmental Modeling & Assessment

Globalisation
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Table of Contents
Introduction......................................................................................................................................2
Assessing the potential effects of a slowing down or reversal of globalisation on Spain...............2
The way Spain is affected due to the stated reason.........................................................................4
Conclusion.......................................................................................................................................5
References........................................................................................................................................6
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Introduction
As per Gonzalez et al., (2018), globalisation is the inexorable trend of an economy, this aspect
cannot be getting rid of, and this idea is held by the optimists across the world. The aspect of
globalisation can be represented into two different features, one is severe backlash against
globalisation and the other is the imperative need of the transformation of the same, these
trends are connected strongly with each other (Ryan, 2017). However, for future development, it
is necessary to analyse and evaluate the current trends of globalisation and the reason behind the
slow down. A strong focus has been provided to the concept of reverse globalisation in relation
to Spain.
Assessing the potential effects of a slowing down or reversal of globalisation on Spain
The concept of globalisation is not new but it is all about the enormous impact of new
information technologies having on the market integration, industrial organisations and its
efficiencies embracing the development of human capital. World War II has been the main and
key player in the growth of the economy, along with this; global trade expansions also took
place at a greater pace (Nichols, 2019).
Considering Spain, the country has been a star performer in its language, Spanish but when it
comes to the economy, it is one of the big leagues. This can be cleared with the help of a few
instances, Spain has been catching European peers where the per capita has jumped from 75%
from the middle of 1970s and it has become 87% now (Bashford, 2018). Due to globalisation, he
progression curve has collaborated with the dramatic change in the export and import relations
with Spain. Trade plays a significant role in the economy of the country; however, there has been
a major change in the service industry. Spain arrived with a splash and no doubt the reason was
globalisation, with the desire to integrate the entire world after a prolonged period of
protectionism and political and economic isolation (Santamaria and Filis, 2019). Under laid are
potential effects of a slowing down or reversal of globalisation on Spain:
Effects Description
Trade liberalisation This began in 1959 stabilisation plan and the return of the
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