Today Globalisation is one of the most controversial and widely discussed topics. Even though it is frequently used, there is still no commonly agreed definition of the term.
Globalisation stands for a historical process in which the national social, economical, cultural, and political attributes of individual countries geographically expand and melt together. The result is, that behaviour, economic activity, and the distribution of authority and power will change and take on transcontinental character. Since this process has and will have extensive impact on all countries and even all individuals, it is not surprising that there are many supporters as well as many opponents, who have enormously dispersed attitudes towards this topic. The basic discussion is if the process of Globalisation is or was avoidable or if it has to be seen as a natural and desirable result of the political interactions within the last century.
The supporters argue that the process will enable us to build up a more efficient and productive global environment, based on the mutual exchange of knowledge and experience, which will finally lead to a prospective and peaceful future. The opponents disagree since they regard Globalisation rather as a threat of democracy, national sovereignty, and equality. They argue that exploitation will increase and that the development will lead subsequently to more poverty and social injustice.
In the following study, the consequences will be examined in more detail. Main attention will be paid to the effects on growth and development, income distribution, national labour markets, labour and environmental norms, as well as the effects on national sovereignty. Based on these consequences, potential governmental interventions will be discussed.
Table of Contents
- 1. Introduction
- 2. The Consequences of Globalisation
- 2.1. Effects on Growth and Development
- 2.2. Effects on Income
- 2.3. Effects on National Labour Markets
- 2.4. Effects on Labour Norms and Environmental Standards
- 3. National Sovereignty and Government Interventions
Objectives and Key Themes
This study examines the consequences of globalization, focusing on its effects on economic growth, income distribution, national labor markets, labor and environmental norms, and national sovereignty. It also explores potential governmental interventions in response to these consequences.
- Impact of globalization on economic growth and development
- Effects of globalization on income distribution and inequality
- Influence of globalization on national labor markets
- Globalization's effects on labor and environmental standards
- The role of national sovereignty in the context of globalization
Chapter Summaries
1. Introduction: This introductory chapter establishes globalization as a widely debated topic lacking a universally agreed-upon definition. It describes globalization as a process expanding and merging national attributes, leading to changes in behavior, economic activity, and power distribution. The chapter highlights the diverse perspectives on globalization, with supporters emphasizing its potential for efficiency and progress, and opponents expressing concerns about threats to democracy, sovereignty, and equality. The core debate centers on whether globalization is an unavoidable or desirable outcome of political interactions.
2. The Consequences of Globalisation: This chapter delves into the multifaceted consequences of globalization. It examines the effects on economic growth and development, noting a broad consensus that globalization can boost growth through increased trade and foreign investment, leading to specialization and technological advancements. However, the chapter also acknowledges critiques arguing that the benefits are unevenly distributed, potentially widening the gap between rich and poor nations. The chapter further investigates the impacts on income distribution, national labor markets, and labor and environmental standards, laying the groundwork for a discussion of governmental interventions.
2.1. Effects on Growth and Development: This section, part of Chapter 2, analyzes the relationship between globalization and economic growth. While generally viewed as positive, the chapter presents a nuanced view, acknowledging that the benefits of increased trade and foreign investment are not universally shared. It highlights how economies of scale and product variety can enhance competitiveness, especially for smaller nations, but also recognizes concerns about the unequal distribution of benefits between developed and developing countries. Data on direct investment inflows between 1995 and 2000 is provided to illustrate this point.
Keywords
Globalization, economic growth, income distribution, national labor markets, labor standards, environmental standards, national sovereignty, government intervention, international trade, foreign direct investment.
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What is the purpose of this document?
This document provides a comprehensive preview of a study examining the consequences of globalization. It includes a table of contents, objectives and key themes, chapter summaries, and keywords. The preview is intended to provide a structured overview of the study's content for academic use and thematic analysis.
What topics are covered in the study?
The study investigates the multifaceted consequences of globalization, focusing on its effects on: economic growth and development; income distribution; national labor markets; labor and environmental standards; and national sovereignty. It also explores potential government interventions in response to these consequences.
What are the key themes of the study?
Key themes include the impact of globalization on economic growth and development, its effects on income distribution and inequality, its influence on national labor markets, its effects on labor and environmental standards, and the role of national sovereignty in the context of globalization.
What does the introduction chapter cover?
The introduction establishes globalization as a widely debated topic with no universally agreed-upon definition. It describes globalization as a process expanding and merging national attributes, leading to changes in behavior, economic activity, and power distribution. It also highlights diverse perspectives on globalization, including those who see its potential for progress and those who express concerns about threats to democracy, sovereignty, and equality.
What are the key findings discussed in the chapter on the consequences of globalization?
This chapter examines the multifaceted consequences of globalization, including its effects on economic growth (generally seen as positive but unevenly distributed), income distribution, national labor markets, and labor and environmental standards. It sets the stage for a discussion of governmental interventions.
What is covered in the section on the effects of globalization on growth and development?
This section analyzes the relationship between globalization and economic growth, presenting a nuanced view that acknowledges both the positive aspects (increased trade, foreign investment, economies of scale) and the unequal distribution of benefits between developed and developing countries. Data on direct investment inflows is used to illustrate these points.
What are the keywords associated with this study?
Keywords include Globalization, economic growth, income distribution, national labor markets, labor standards, environmental standards, national sovereignty, government intervention, international trade, and foreign direct investment.
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This preview is intended for academic use, supporting structured and professional analysis of the themes within the larger study.
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- Quote paper
- Christina Haring (Author), 2003, Globalisation and its economic consequences, Munich, GRIN Verlag, https://www.grin.com/document/22788
