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.
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
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.
While globalization has brought about significant benefits, it
Place an order in 3 easy steps. Takes less than 5 mins.