Globalisation is a complex and controversial issue. Take a look at some of the main benefits...

Globalisation is a complex and controversial issue. Take a look at some of the main benefits and costs associated with the greater globalisation of the world economy ; review the benefits and outline a viable and workable solution to the unintended consequences of globalization.

Expert Solution

Costs of Globalization-

Inequality- Globalization increase inequality and increases the gap between the countries involved in Globalization and the countries which are not.

Inflation- Sometimes, the demand of some products increases too much, that in the shortfall of quantities of these products, this result in inflation.

BOP- when imports exceeds exports, it leads to BOP crises which further results in destabilization in the economy.

Benefits of Globalization-

Economies of scale- due to Globalization, demand has increased. This leads to economies of scale as the producer has to produce more quantities.

Increases GDP- Globalization increases GDP of the country. It opens the international trade and if the country succeeds in exporting more, it drives the GDP forward.

Benefits customers- due to the diversity of products and low prices due to more competition, Globalization has benefitted the customers.

Challenges of Globalization to institutions-

Political institutions are now required to be more careful in order to operate in an economy. This is because, due to globalization, foreign markets can access the political institutions and their activities.

It hinders the politics. Political parties are also affected by the globalization.

Rahul Sunny answered 2 years ago

What are the cost and benefits of economic globalisation?

There are several industries with low percentages of debt financing. Take a look and identify some...

There are several industries with low percentages of debt financing. Take a look and identify some with a low percentage of debt financing and do the same with firms that have a high percentage of debt financing (the average according to the data in the link is about 42 percent). Do not use the banking financial services industries. Based on the types of firms that use a small amount of debt and those that use higher amounts of debt, what...

Take a look at some examples of Rumi’s poetry. write an account of how the poet...

Take a look at some examples of Rumi’s poetry. write an account of how the poet develops the theme God’s relationship to humanity. Refer to the materials on this topic from the textbook to discuss how does Rumi’s poetry communicates some of the central concerns of Sufism FIrst — This is love: to fly toward a secret sky, to cause a hundred veils to fall each moment. First, to let go of live. In the end, to take a step...

What are some of the main reasons you may want to look at an actual ratio...

What are some of the main reasons you may want to look at an actual ratio to compare two companies, as opposed to just looking at straight numbers from both companies? Reply

Activity: Take a look at some of the medical adds from the 1900s-1930s. Select an ad...

Activity: Take a look at some of the medical adds from the 1900s-1930s. Select an ad that you find interesting. In at least 200 words, describe why you selected this image and what you think it says about the depiction of medicine in the media. Some things you could write about include: what does this ad indicate to us about its intended audience? What kind of medical claims do they make? What kind of evidence do they provide? In at...

3. “The phenomenon of globalisation has given rise to major benefits and costs for countries and...

3. “The phenomenon of globalisation has given rise to major benefits and costs for countries and companies in the contemporary world economy.” Discuss this statement by considering the following questions: a) What are the major trends underlying contemporary globalisation? b) What do supporters of globalisation see as its major benefits for countries and international firms? What do critics see as the major drawbacks and disadvantages with globalisation for international firms and countries? c) What is protectionism, and what techniques do...

(a) look at these the complex numbers z1 = − √ 3 + i and z2...

(a) look at these the complex numbers z1 = − √ 3 + i and z2 = 3cis(π/4). write the following complex numbers in polar form, writing your answers in principal argument: i. z1 ii. z1/|z1|. Additionally, convert only this answer into Cartesian form. iii. z1z2 iv. z2/z1 v. (z1) -3 vi. All complex numbers w that satisfy w 3 = z1. (b) On an Argand diagram, sketch the subset S of the complex plane defined by S = {z...

Immigration, both documented and undocumented, is a controversial issue. What are the impacts on GDP of...

Immigration, both documented and undocumented, is a controversial issue. What are the impacts on GDP of immigration? Does immigration help or hurt the economy? Back up your conclusions with actual data, not with what some people think happens. thank you

What are the benefits of the issue of shares?

Identify and suggest some of the main benefits that companies can derive from using an Intranet...

Identify and suggest some of the main benefits that companies can derive from using an Intranet and an Extranet. If you were the CIO of a company, what are three main considerations you need to take into consideration before implementing an Intranet for your organization? Similarly, what are some main considerations before implementing an extranet?

Question