Globalization improves the prospects for developing countries (DCs) to catch up economically with industrialized countries. Depending on economic policies with respect to openness and factor accumulation, globalization may increase capital and technology flows to DCs, thereby generating a higher rate of income growth than would be possible in a less integrated world economy. Nevertheless, many ...

This paper analyses the globalization process by reference to a model in which firms and countries differ both in productivity and quality. The model implies that there is a lower bound to quality below which firms cannot sell, however low the (local) wage rate they face. The range of quality levels between the current maximum level and this lower bound shifts upwards when trade is liberalized ...

By the turn of the 21st century the concept of globalization had earned its place in the social sciences and debate turned more squarely to the theoretical significance of globalization. Yet not all scholars were happy with the notion of globalization. Some claim that is merely a new name for earlier theories and concepts. Among those who reject new paradigmatic thinking on the current age is I...

At the turn of the third millennium the world industry has found itself in probably the largest restructuring since the first industrial revolution. The progress is determined by two trends: dynamic progress of information and communication technologies which have enabled the creation of new markets and the redefinition of entire professions, globalization of economy thanks to new purchasing an...

The health needs of diverse countries are converging as the factors that affect health increasingly transcend national borders. Among those factors are the globalization of the economy, demographic change, and the rapidly rising costs of health care in all countries. In a world where nations and economies are increasingly interdependent, ill health in any population affects all peoples, rich an...

Gaps between the poorest and the richest people and countries have continued to widen…This continues the trend of two centuries. Some have predicted convergence, but the past decade has shown increasing concentration of income among people, corporations, and countries. – UN Human Development Report 1999 …globalization has dramatically increased inequality between and within nations. – Jay Mazur...