Globalization Report: Analyzing Economic and Social Impacts

This report examines the multifaceted aspects of globalization, addressing its impact on the global economy, international trade, and societal structures. The report begins by defining globalization and exploring concepts such as the 'shrinking world,' the 'flat world,' and the 'borderless world.' It delves into the dynamics of globalization, including the effects of financial crises and the rise of trade barriers. The report then analyzes the perspectives of prominent figures like P. Ghemawat, focusing on his views on the extent of globalization and potential improvements. It also examines the ideas of Anthony Giddens on globalization and its implications. Furthermore, the report explores the 'End of Poverty' movement, contrasting the roles of trade and aid in alleviating poverty within a globalized context. The report utilizes a structured approach, incorporating an executive summary, table of contents, section headings, and a reference list to provide a comprehensive understanding of the topic. The report concludes with a discussion on the impact of globalization and the role of trade in economic development.

GlobalizationNAME OF THE STUDENT
NAME OF THE UNIVERSITY
AUTHOR NOTE

Globalisation
 Integrating of markets in global
economy
 It has brought about the
interconnectedness among the
nations of the world

Flat world of Globalization
 Globalization have paved the
path for the formation of the
ideas that have helped in
universalization
 It has built economic
partnerships

Borderless World of
Globalization
 It has created the global
marketplace which have
facilitated the trade in the world
 Trade facilitation have ensured
the movement of the goods

 Consumer goods became
homogeneous on account of
globalization
 It have been instrumental in
increasing industrialization in the
world

Impact of the Financial Crisis
 The countries have increased the
tariff after the incidence of the
financial crisis
 The regulations have become
more stringent after the crisis

Demonstrations about
globalisation
 Industrial countries had to face
the problem of the lowering of
the GDP
 The gap have been created
between rich and the poor
countries

Ghemawat on Globalisation
 The regulation can exist along
with the integration that can
have positive influence in world
 The expansion should be in those
countries that have the similar
kind of the cultural values

Giddens on Globalisation
 Nation states are the principal
actors within the framework of
the global political order
 The diffusion of technologies is
an integral aspect of
globalisation

 The corporations have evolved to
become the main agents within
the world economy
 States should have military
strength that can help them in
surviving in present age

End of the poverty movement
 Trade can act as a crucial
element that can end the poverty
in the world
 Open trade can be of benefit for
lower income households

References
 Bende-Nabende, A., 2017. Globalisation, FDI, regional integration
and sustainable development: theory, evidence and policy.
Routledge.
 Ghemawat, P., 2017. 11 Why managers still need to take account
of comparative advantage. Cloth for Wine?, p.87.
 Krugman, P., 2017. Crises: The price of globalisation?.
In Economics of Globalisation (pp. 31-50). Routledge.
 Yusuf, A.A. and Warr, P., 2018. 8 Anti-globalisation, poverty and
inequality in Indonesia. Indonesia in the New World:
Globalisation, Nationalism and Sovereignty, p.133.