Describe how globalization has affected the world economy and how it has affected your own home country|Legit essays

Posted: February 19th, 2023

Describe how globalization has affected the world economy and how it has affected your own home country. Use at least six peer-reviewed sources for each theory

Exercise 10:  Describe how globalization has affected the world economy and how it has affected your own home country. Use at least six peer-reviewed sources for each theory.

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EXERCISE FORMAT
Title page: Required
Margins: 1 inch all sides
Font: Times New Roman; 12-point font
Spacing: Double-spaced. 0 point before and after; left-justified
Indenting: First line of each paragraph 1/2 inch
References: Separate page for each question – i.e., it starts its own page
Format: Note that it should be:

Title page, then

Essay/answer for the first exercise question, then

The reference section for that question.

Essay/answer for the second exercise question, then

The reference section for that question.

 

SOLUTION

Globalization has been one of the most significant economic phenomena of the last century. It has brought profound changes to the world economy, and its effects are both positive and negative. In this response, I will describe how globalization has affected the world economy and my home country, drawing on six peer-reviewed sources for each theory.

Globalization and the World Economy

  1. Positive Effects of Globalization:

Globalization has brought significant positive changes to the world economy. According to Bhagwati (2004), globalization has been instrumental in the reduction of poverty and economic growth in developing countries. He argues that globalization has increased trade, investment, and capital flows, which have led to increased employment opportunities, improved living standards, and increased economic growth.

  1. Negative Effects of Globalization:

While globalization has brought about significant benefits, it

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