Question

In: Economics

View the video and discuss the following: Does the globalization process do more to promote or to undermine economic equality and social justice?



Learning Module 6 Discussion Board Assignment 

View the video and discuss the following: Does the globalization process do more to promote or to undermine economic equality and social justice? Remember you must post a l-paragraph response first and then a 1-paragraph response to another student's posting.

Solutions

Expert Solution

It can be mentioned that globalisation is one such aspect which have been on a debate for decades and this is because of the increase in globalisation in the current today where II the products have become part of every country and with this there is a question what happens with respect to economic inequality and social Justice in spite of the fact that there is economic growth due to globalisation. one way of looking into it is that due to globalisation people did to spend more as a result of which the companies make profits and the tax revenues simultaneously shifted to the government and due to the welfare schemes that every government takes up the tax revenue is redistributed to to enhance economic equality and this means the more the revenue is what are the chances for economic equalityand this makes sense that the more the globalisation the more the chance for economic equality if the government is properly functional and welfare is its main priority apart from that due to globalisation and the increasing demand for products employment have been generated in the host countries also as a result of which it has to be understood that it promotes social Justice as well


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