ASSIGNMENTS ON GLOBALISATIONS

Running head: REACTION RELATED TO GLOBALISATION
REACTION RELATED TO GLOBALISATION
Name of the Student
Name of the University
Author Note

REACTION RELATED TO GLOBALISATION1
Introduction
As discussed by Ghatak (2016), globalization can be defined as the free movement of
the services, goods and people in different parts of the world in an integrated and seamless
way. This is also considered to be the result of opening up of global economy. The import
and export based protocols that are developed by the global organizations are able to
influence the foreign investments that are made by them (Holm 2019). Globalization is
thereby grounded within the theory of the comparative advantage that mainly states that
countries which are able to produce a particular good can export them to the other countries
or markets. The process of globalization is considered to be a movement towards the
financial, trade, communications and economic integration on a global level (Baylis, Owens
and Smith 2017).
The essay will be mainly based on the negative impact of globalization on the
different countries. The unequal distribution of the benefits of globalization in various
sections of the countries will be discussed in the essay in detail. The examples will be
provided based on the negative impact of globalization on the economy of various countries.
Analysis of the negative reaction provided to globalization
The different studies and researches that have been made on the topic of globalization
has depicted everybody wins in the process and the major benefits are provided to the
industrialized countries. The uneven distribution of benefits is between the various countries
in which the organizations have their operations. The welfare based gains of globalization are
mainly related to the increase in gross domestic product or GDP per capita in around 42
emerging and industrialized countries between the years 1990 to 2016 (Huang, Ge and Hu
2019). The growth of real GDP per capita is considered to be quite positive in different
countries that have been surveyed by the researchers. The highly industrialized and small

REACTION RELATED TO GLOBALISATION2
nations like Belgium and Switzerland that have the highest index based values have
outperformed the emerging countries like China and Argentina (Jorda and Sarabia 2015).
The countries that have gained low index values receive less amounts of benefits from
globalization in comparison to those which have the high index values. However, this is not
able to depict that the emerging countries are not able to gain from the increase in
globalization. The gains based on real income per capita are distributed in an uneven manner
on a global basis. The index value is provided to various countries with respect to the
implementation of Bertelsmann’s methodology (Kobrin 2017). The levels of interdependence
among the countries which have higher index values are considered to be quite high. The
increase in the index based on globalization by one point leads to the rate of growth of real
GDP per capita by 0.3% points. The major indicators of globalization mainly include foreign
direct investment, exports and imports and the various trade barriers as well (Nayyar 2015).
Various aspects of social globalization include tourism and the number of people who
have a migration based background. The major reason related to the low rates of growth in
emerging countries is considered to be the low starting of the GDP per capita of the countries.
During the 1990s the emerging countries like India and China were placed at the beginning of
their growth curve. This had led to the lowest growth rates based on the absolute gains in
comparison to the industrialized countries that were already connected globally (Pastor and
Veronesi 2018). A ten percent rate of growth had been experienced by China the between the
years 1990 and 2016 and China also leads the countries in terms of the exports and
globalization per-capita based gains. However, the growth rates of China have become quite
high in the last few years. China has gained the topmost position based on the globalization
based GDP gains over the last few years (Petras 2016).