Report on Impact of Globalization

Running head: UNEQUAL DISTRIBUTION OF GLOBALIZATION EFFECTS
UNEQUAL DISTRIBUTION OF GLOBALIZATION EFFECTS
Name of Student:
Name of University:
Author Note:

1UNEQUAL DISTRIBUTION OF GLOBALIZATION EFFECTS
TABLE OF CONTENT
Introduction:....................................................................................................................................2
Significance of the research:............................................................................................................2
Globalization & its impact:..............................................................................................................3
Benefits of Globalization:................................................................................................................3
Problems of Globalization:..............................................................................................................4
APEC Summit:................................................................................................................................5
Difference of Impact:.......................................................................................................................6
Reasons behind difference:..............................................................................................................7
Conclusion:......................................................................................................................................8
Reference:........................................................................................................................................9

2UNEQUAL DISTRIBUTION OF GLOBALIZATION EFFECTS
Introduction:
Globalization is the gateway for the entire world to maintain an integrated connection
with all the countries of the world. It is symbolic of motivation and encouragement driving the
economies becomes interconnected through exchange of goods and services, technology, ideas,
money, culture and so on (Hirst, Thompson & Bromley, 2015). The process of globalization is
actually proponent of economic benefit in form of openness of economies to the world business
activities and receipt of diverse investments (Benería, Berik & Floro, 2015).
This paper prepares a report discussing the globalization and its positive as well as
negative impact. The intention is to show how the negative and positive impacts differ and
diverge country to country about intensity and extent explaining the driving reasons behind it.
Significance of the research:
Free trade as result of globalization make the domestic markets face new competitors in
form of international sellers or producers entering and absorbing market share with them. Even
though the process makes nations dynamic making them responsive and receptive toward global
events. It has significant impact on national economic health both positive and negative way.
Globalization’s impact has shown deviating trend from the general expectations about it. The
growing trade between countries not only allowed the nations to receive benefits of free trade but
also allowed market access that has turned to be biggest threat imposed upon national economies
(Stromquist & Monkman, 2014). Vulnerability of domestic market affects the economic health
of nations through shut down of domestic firms and lost income of domestic sellers. One of the
important aspects of globalization is the unequal distribution of its impact. While some nations

3UNEQUAL DISTRIBUTION OF GLOBALIZATION EFFECTS
received benefit from it many developing as well as developed nations suffered the negative
impact of globalization (Akpor-Robaro, 2012). The implication of shedding light on this issue in
our discussion is to analyze how globalization is turning its head against the expected beneficial
role and actually exacerbating the global inequality.
Globalization & its impact:
In the world of globalization, it shows inclination towards economic, cultural and
political domain. The economic globalization has vested much power as well flexibility within
economies. The process enhances the independence of the economies encouraging free
movements of goods and services, technology, capital resources, money and even ideas. This
actually integrates the nation and eventually expands the market size (Glatzer, 2012). It was
believed by the theorists of globalization that it would create utmost benefit for the nations
lagging behind and what has been found that they are the first one to get affected by the process.
Cost and comparison of that brings forth the concept of competitive advantage that further drives
the trade. Difference in the cost as well as competitive advantage encourages movement of goods
from one nation to another that create competition in terms of quality, price and availability
(Meyfroidt, Lambin, Erb & Hertel, 2013). The positive effect of globalization is reduced barriers
of trade while making access of goods and capital easy for global businesses. The reality tracks
down different outcome signifying the negative effects of the process that are discussed below.
Benefits of Globalization:
The importance of globalization lies behind its intention of extending market through
extensive free trade among nations. The increased trade volume can be materialized if the