One of the most cited buzzwords in the world today is the term “Globalization”. However, the word is used quite liberally to describe a variety of issues. Globalization can be defined as the worldwide integration of economic, cultural, political, religious, and social systems. This demonstrates the vast range the term includes. Globalization is not entirely a new phenomenon.
This research paper will discuss the following topics of interest: Is the process of globalization providing us a world with a fairer distribution of wealth? Why are there so many people who protest more and more violently against globalization? Is globalization increasing the world´s GDP and if so is that the complete and ultimate goal? This research paper attempts to provide answers to these questions. It is written in the frame of the course “Globalization” at Vilnius University and gives a rather personal opinion about special aspects of globalization.
Table of Contents
- 1. Introduction
- 2. Globalization and convergence
- 2.1 Convergence of countries' GDP
- 2.1.1 Direct competition by means of migration
- 2.1.2 Indirect competition by means of factor price equalization
- 2.2 Divergence of individual's wages
- 3. Globalization and increase of world's GDP
- 3.1 Comparative advantage and trade obstacles
- 3.2 Correlation of GDP and happiness
Objectives and Key Themes
This research paper explores the multifaceted nature of globalization, examining its impact on wealth distribution, the reasons behind anti-globalization protests, and its effects on global GDP. The paper aims to provide insightful analysis and a personal perspective on specific aspects of globalization. * The impact of globalization on wealth distribution (both between countries and individuals). * The causes of anti-globalization protests. * The relationship between globalization and global GDP growth. * The role of migration and trade in economic convergence. * The persistence of inequality within capitalist systems despite globalization.Chapter Summaries
1. Introduction: This introductory chapter defines globalization as the worldwide integration of various systems and briefly traces its historical development, acknowledging its accelerating pace in recent times. It sets the stage for the paper by posing key questions regarding wealth distribution, anti-globalization sentiments, and the relationship between globalization and global GDP, establishing the research paper's primary objectives and scope within the context of a course on globalization at Vilnius University.
2. Globalization and convergence: This chapter explores the theoretical convergence of countries' GDP due to globalization. It examines two forms of competition: direct competition through migration, where labor movement leads to wage convergence albeit hindered by political and cultural factors; and indirect competition through factor price equalization via foreign trade, based on Ricardo's and Ohlin's theories, which suggests that even without complete factor price equalization, trade contributes to wage convergence. The chapter contrasts these theoretical convergences with the reality of persistent inequality, particularly highlighting the case of Sub-Saharan Africa which isn't benefiting from the process.
3. Globalization and increase of world's GDP: This chapter, while incomplete in the provided text, likely delves into the relationship between globalization and the increase in world GDP. It would probably analyze the role of comparative advantage and trade obstacles in shaping global economic growth. It might also explore the correlation between economic growth (GDP) and factors like happiness or well-being, a topic commonly debated within discussions of economic development and globalization’s impact on societal well-being.
Keywords
Globalization, economic convergence, wage divergence, migration, foreign trade, factor price equalization, comparative advantage, GDP growth, wealth distribution, anti-globalization, capitalism, inequality.
Globalization Research Paper: Frequently Asked Questions
What is the overall topic of this research paper?
This research paper explores the multifaceted nature of globalization, examining its impact on wealth distribution, the reasons behind anti-globalization protests, and its effects on global GDP. It aims to provide insightful analysis and a personal perspective on specific aspects of globalization, focusing on the interplay between globalization, economic convergence/divergence, and global wealth distribution.
What are the key themes explored in the paper?
The key themes include the impact of globalization on wealth distribution (both between countries and individuals), the causes of anti-globalization protests, the relationship between globalization and global GDP growth, the role of migration and trade in economic convergence, and the persistence of inequality within capitalist systems despite globalization.
What are the main chapters and their summaries?
Chapter 1: Introduction provides a definition of globalization, its historical development, and sets the research objectives within the context of a course at Vilnius University. Chapter 2: Globalization and Convergence examines the theoretical convergence of countries' GDP through migration and factor price equalization, contrasting this with the reality of persistent inequality, particularly in Sub-Saharan Africa. Chapter 3: Globalization and Increase of World's GDP (incomplete in the preview) is expected to delve into the relationship between globalization and global GDP growth, considering comparative advantage, trade obstacles, and the correlation between GDP and well-being.
What are the objectives of this research paper?
The paper aims to analyze the impact of globalization on wealth distribution, both between countries and individuals. It seeks to understand the causes of anti-globalization movements and investigate the relationship between globalization and global GDP growth. The role of migration and trade in economic convergence and the persistence of inequality are also central objectives.
What key concepts are discussed in this paper?
Key concepts include globalization, economic convergence, wage divergence, migration, foreign trade, factor price equalization, comparative advantage, GDP growth, wealth distribution, anti-globalization, capitalism, and inequality.
What is the structure of the provided preview?
The preview includes a table of contents, a statement of objectives and key themes, chapter summaries, and a list of keywords. It offers a comprehensive overview of the research paper's content and scope.
What specific aspects of globalization are analyzed?
The paper focuses on the impact of globalization on wealth distribution (both international and individual), the reasons for anti-globalization sentiment, and the connection between globalization and overall global GDP growth. The roles of migration and trade in achieving economic convergence are also central to the analysis.
Where does this research take place (context)?
The research is framed within the context of a globalization course at Vilnius University.
- Arbeit zitieren
- Emanuel Alfranseder (Autor:in), Adam Birnstein (Autor:in), Brano Sedlacek (Autor:in), 2007, Current Issues of Globalization. Does Globalization Provide us with a Fairer Distribution of Wealth?, München, GRIN Verlag, https://www.grin.com/document/91366
