Question

In: Economics

What evidence do the proponents of the "the world is not flat (yet)" use?   Present at...

What evidence do the proponents of the "the world is not flat (yet)" use?   Present at least 5 key statistics that show that the world is not as interconnected and globalized as many believe it is. You may also consider finding additional statistics (optional) online. If you use external sources, please make certain to cite them (in most cases, providing URLs will be sufficient).

Solutions

Expert Solution

The economic conditions , political stability, social welfare and foreign trade etc. are used as a evidence to show that the world is not flat   

Globalization meaning connecting home economy with foreign economies through foreign trade, currency exchange etc. Globalisation has interconnected world economies with each other which help economies to exchange their technologies, human resources, goods and services etc. it has make economies stronger than before. But it is limited to few countries and has some drawbacks also, as many statistics shows that the world is not as connected and globalized as many believe it is. The key statistics are as follows:

  1. Increasing foreign trade gap between developed, developing and underdeveloped countries: the foreign trade mostly take place between developed and developing countries
  2. Countries participation in global affairs : it shows how much the countries are connected to each others
  3. Difference in economic conditions of the countries : the different GDP rate of the countries also shows the less connection among countries
  4. Technological development and modernization: the different rate of use of modern techniques shows the misconnection among countries
  5. Use of human resource : the better and efficient use of human resource is also different in countries

*providing external sources and links is not allowed


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