The scholarship examining the extent at which trade liberalization (henceforth refers to as economic globalization) impacts poverty levels is limited. This essay examines the relationships between economic globalization and poverty levels in African countries. For instance, a 2006 UNDP report illustrates that just 7.2 percent of Bayelsa and Rivers State (Nigeria) residents were poor in 1980, but in 2004, the poverty index figures rose exponentially to 44.3 percent; Nigeria’s national rural poverty
1. Introduction Globalization is the proximate and multidimensional set of political, economic, social, and technological integration around the globe. The increasing interconnectedness among countries can be seen through the prism of globalization. Essentially, the lives of people living in distant cities like Bangalore and Silicon Valley are brought closer as a result of this phenomenon. Drivers of this adjacent include; the expansion of trade, technological exchange, labor movement and investments
both discuss globalization in detail and both have similar views regarding globalization. In the chapter “The Political Economy of Globalization” Layna Mosley asks the question whether globalizations effect on government policy making has adverse effects on the state of the global economy or if governments retain autonomy in regards to policymaking despite globalization. She analyzes trends in globalization and the hypothesis of “the race to the bottom” as well as economic openness and if government
and Government Responses to Economic Openness I. Introduction Economic openness is the phenomenon in which individual economies from all over the world become increasingly connected and interdependent through greater liberalization of trade and the vast movement of goods, services, and capital across borders. With the rise of globalization, positive effects have resulted from economic openness. The widespread benefits of globalization have resulted in global economic growth, prosperity, and have
the growing interdependence of an economy on the others is the growing norm of the world’s society. Why the countries are dependent on one another? Can’t they survive isolated from the rest of the world? The answer is laid upon the term Globalization. The globalization is not a new concept; it even existed even thousands of years ago. However, it became much popular in the nineteenth century most prevalently after the world war when the economies around the world tend to grow and develop outside its
Sustainable Development Goal: Reducing income inequalities. Income inequality is a problematic reality of the modern era that slows economic growth, generates political instability, causes health problems and creates severe social inequalities among children. As part of this analysis, determinants of this global issue will be discussed as well as its correlation with globalization. Lastly, suggestions will be provided to the global community with regards to possible solutions to income inequality, as well
Globalization is a difficult word to define, simply because it means many different things to many different people. In general, however, globalization refers to the fact that world economies and cultures have become increasingly integrated over the past two or three decades. More specifically, the world has seen a significant increase in the flow of goods through international trade, access to foreign financial capital, movement of human capital across borders, and the transfer of technology, information
The decision by the United Kingdom to leave the European Union this last June will surely be a pivotal moment in political history. It was both a rejection of the EU and in some ways the broader global community. The result of this referendum seems to be striking for two particular reasons. First, few observers of politics – casual and professionals alike – did not seriously anticipate the success of the leave campaign. While only anecdotal, my colleagues and I were in the United Kingdom about a
CALEB IFECHUKWU UFONDU Introduction Globalization is multifaceted, affecting all features of life—cultural, economic, social, political and environmental—as well as the association between governments and countries of the five global continents. Globalization is described, in particular, by strengthen of cross-border trade and increased flow of foreign direct investment, promoted by massive rise of liberalization and advances in information technologies. Globalization can be seen as an evolution which
determine why transnational terrorism occurs, how it happens and what can be done to prevent it from an international political economy perspective. The research design is primarily theoretical and grounded in existing empirical analyses. The paper will also include current knowledge on the operative tactics and methods used by terrorist organizations. The goal is to unite the economic theory, empirical studies and practical expertise in order to suggest potential counterterrorism recommendations in