Analysis of constructive and unconstructive impact of globalization

Running head: GLOBALIZATION
GLOBALIZATION
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1GLOBALIZATION
The term “Globalization” in recent times has the developed as a popular and controversial
issue, though often remaining an undefined concept. However in a comprehensive manner, the
term is implemented in order to encompass the increase rate in trade and liberalization policies
along with the reduction in transportation expenditure, technological transfer, economic changes
and societal transitions (Azzimonti, De Francisco and Quadrini 2014). To the extent, the impact
of globalization is concerned; the discourse related to globalization tends to consider
simultaneously its influence on economic development, employment, income distribution.
Globalization process, as a procedure of qualitatively elevated level of the economic life
internalization, constitutes several dimensions namely political, social, and cultural as well as
informative (Ezcurra and Rodríguez-Pose 2013). These dimensions of globalization process tend
to influence human behaviour in several approaches and apart of positive impacts, they further
differentiated impact on the environment. As the theme of “Globalization” has become
widespread in contemporary times, thus it has been developing into one of the vital aspect which
penetrates across communities (Meyfroidt et al. 2013). However, it has been argued that the wide
spread global values of human life in relation to economic, industrial, political, cultural, social
and technological along with several other areas have been effective. The thesis statement of the
essay is “Analysis of constructive and unconstructive impact of globalization on economic,
political, environmental, societal factors.”
Globalization is often regarded as an elite discourse, which constructs as well as
interprets the phenomenon in particular ways (Epstein 2018). However, it has been claimed that
the notion of globalization is identified as an inexorable and inevitable external force which
purposes to create distinct areas of avenues as well as threats for societies and communities and
thus further been proved particularly influential (Azzimonti, De Francisco and Quadrini 2014).

2GLOBALIZATION
These understandings of globalization constitute a self-actualizing quality which has further been
dynamically fostering integration through reforms such as privatization and deregulation (Sassen
2016). Furthermore, the role of Nation State in this regard has been noted particularly in the
process of facilitating the process of globalization through policies such as liberalising trade,
eliminating capital regulations and generating flexible labour markets (Aguado, Alvarez and
Domingo 2013). However, this explanation highlights the differentiated characteristic of
globalization, whereby some individuals, groups and communities have developed more globally
associated as an outcome of globalization while others have been encountering recent forms of
disconnection and exclusion. It has been claimed by Cohn that the impacts of the globalization
processes are often complex whereby some may constitute both positive and negative
dimensions and enable new and more frequent and abundant forms of associations (Cohn 2016).
However, such processes of globalization can also generate new forms of competition into the
industrial sector which tend to develop certain sense of insecurity regarding the occupational
factors.
According to the theoretical aspects of the relative comparative beneficial factors, both
economical factors and foreign direct investment (FDI) must take into consideration the surplus
rate of labour in developing nations. These approaches however are claimed to stimulate the
development of specialization in areas concerning labour-intensive activities and further involve
an expansion in domains of local employment (Epstein 2018). However, on the contrary, the
analysis of certain recent studies has underlined the conclusion that the degree of employment
impact of the elevating trade does not necessarily pose constructive impacts for the developing
nation. Furthermore, it has been noted that when the aggregated factor of productivity elevates in
emerging countries as a significant outcome of globalization, the rate of employment or service