The impact of economic globalization in the world - Dissertation Example

The participation in the global market of countries is made possible by the reality of globalisation. Globalisation pertains to the removal of economic barriers existing among nations. By removing trade tariffs and other forms of taxes in international trade, freer movements of goods, services, and people have happened, thus establishing a more connected global society and interdependent global market. However, as economic growth and development are observed in countries who have integrated in the global market, it has also been observed that the widening gap between the rich and poor continues and this inequality permeates other interactions and relationships in society.

With this perspective, it becomes essential that addressing the issue of the impact of economic globalisation is further clarified. Considering the current debate regarding the issue of economic globalisation, this research will address the question “what is the impact of economic globalisation?” This question gives rise to two hypotheses. H0 Economic globalisation has a negative impact to countries. H1 Economic globalisation has a positive impact to the country. In order to address the issue of the research, a documentary research analysis was conducted.

For the analysis of the collected data, comparative analysis, Pearson correlation, and thematic search were conducted. Some of the findings of the study include; (1) There is a need to redefine and reshape the boundaries of economic globalisation. (2) The impact of economic globalisation can only be ascertained for countries occupying the extreme positions in the spectrum of global integration. (3) Other variables have to be identified in order. However, as economic growth and development are observed in countries who have integrated in the global market, it has also been observed that the widening gap between the rich and poor continues and this inequality permeates other interactions and relationships in society.

With this perspective, it becomes essential that addressing the issue of the impact of economic globalisation is further clarified. Considering the current debate regarding the issue of economic globalisation, this research will address the question “what is the impact of economic globalisation?” This question gives rise to two hypotheses. H0 Economic globalisation has a negative impact to countries. H1 Economic globalisation has a positive impact to the country. In order to address the issue of the research, a documentary research analysis was conducted.

For the analysis of the collected data, comparative analysis, Pearson correlation, and thematic search were conducted. Some of the findings of the study include; (1) There is a need to redefine and reshape the boundaries of economic globalisation. (2) The impact of economic globalisation can only be ascertained for countries occupying the extreme positions in the spectrum of global integration. (3) Other variables have to be identified in order to guarantee the impact of economic globalisation to countries that are clustering or distributed at the centre of the spectrum of the impact of economic globalisation.