Socio Economic Impact of Globalization
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Added on 2020-05-16
Socio Economic Impact of Globalization
Added on 2020-05-16
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SOCIO-ECONOMIC IMPACT OF GLOBALIZATION 1Socio-Economic Impact of GlobalizationByName of StudentCourse NameProfessor’s NameName of UniversityLocation of Institution Date
SOCIO-ECONOMIC IMPACT OF GLOBALIZATION 2Table of ContentsSocio-Economic Impact of Globalization....................................................................................................3Introduction.............................................................................................................................................3Project Objective.....................................................................................................................................3Project Scope...........................................................................................................................................3Literature Review....................................................................................................................................3Social Impact of Globalization............................................................................................................3Economic Impact of Globalization......................................................................................................5Theoretic Framework of Globalization....................................................................................................5Justification.............................................................................................................................................7Literature problems.................................................................................................................................7Literature Gaps........................................................................................................................................7Research questions and hypothesis..........................................................................................................7Primary questions................................................................................................................................7Secondary questions............................................................................................................................8Hypothesis...............................................................................................................................................8Research design and methodology..............................................................................................................8Quantitative research...............................................................................................................................8Qualitative research.................................................................................................................................9Research limitations....................................................................................................................................9Schedule....................................................................................................................................................10Conclusion.................................................................................................................................................12Reference..............................................................................................................................................13Appendix...............................................................................................................................................15
SOCIO-ECONOMIC IMPACT OF GLOBALIZATION 3Socio-Economic Impact of GlobalizationIntroductionGlobalization, which involves the eligibility of nations to conduct free trade without experiencing any trade restrictions, barriers, and tariffs, is the core notion pulling behind today's integrated and internationally connected countries in the world. The intention behind globalization is to integrate and expand markets globally, allowing nations to benefit and derive economic gain from international trade.Project ObjectiveThe goal is to point out the many influences globalization as a means of economic integration has on the national economies and societies of the world from a national and international point of view.Project ScopeUnderstanding the effectiveness of globalization is essential. The motive of this paper is to make out if the influences of globalization fall in place or if they make a deviation from the expected structure.Literature ReviewSocial Impact of GlobalizationGlobalization has a significant effect on both the economy of a nation, the personal lives and society as a whole by improving the standards of living as well as access to amenities of life.(Glatzer 2012). Economies of the world are broadly subdivided into; developed, developing and transitioning economy. Globalization results to severe social impact for it ensure heightened interdependency among countries, their resources, markets, people, goods services, capital,
SOCIO-ECONOMIC IMPACT OF GLOBALIZATION 4culture, and information. From 1960, the developed world acknowledged the quality of life as the primary social goal, which was at a much earlier stage than the developing countries.The subjective dimension regarding the quality of life deals with the Overall Satisfaction of Life. The assessed impact of Personal and National Well-being and indices that combine both subjective and objective aspects of life like Happy Life Expectancy gives a better social view of national economies (Dreher Gassebner and Siemers 2012).The comparison of these indices has brought to light that, developed nation’s benefit from globalization, the resulting free markets, and increased output through free trade. The socialdimension of globalization captures the weight it has on the life and employment of societies, families, and people. Globalization had merged the economic and political environment of the world which is a more significant consequence on social factors like equal access to essential amenities, marketed goods, enjoying legal, exclusive rights, keeping up the dignity, solidarity, and equality of people residing in a nation (Fominaya 2014). The most prominent impact of globalization recently is the inequality among nations, categorized into two sections; developed and developing. It also affects the populations' ability to obtain essential health services (McMichael 2013). There has been an acceleration in new infectious diseases due to the uninterrupted spread of cross-border markets encourage the spread of non-communicable diseases. On the flip side, it allows free flow of information, awareness and better technology to deal with complex health cases. This has been attributed to the improved coordination in vaccination programs and ways of curing infectious diseases.
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