The literature on the benefits and costs of financial globalization for developing countries has exploded in recent years. There seems to be a consensus that financial globalization has had a "discipline effect" on monetary policy, because it has reduced the returns from using monetary policy to stabilize the output. As a result, monetary policy over recent years has placed more emphasis o...

■ Abstract The sociological, economic, political, and anthropological literatures are devoting increasing attention to globalization. This chapter discusses the various connotations of the term and puts it in historical perspective. Existing theoretical and empirical research on globalization is organized around five key issues or questions: Is it really happening? Does it produce convergence? ...

The focus of this study is the effects of globalization on African countries. Globalization is a positive force for development and poverty reduction. It has led to growing inequalities among nation states. This is a problem, which the study seeks to address. Though globalization is a worldwide issue the work shall be united to its economic and political effects. The study aims to examine the c...

This paper highlights the tenets of globalization and how its elements have spread to sub-Saharan Africa, and Nigeria in particular. It assesses the growing burden of non-communicable diseases (NCDs) in Nigeria and its relationship with globalization. It further describes the conceptual framework on which to view the impact of globalization on NCDs in Nigeria. It assesses the Nigerian dimension...

The report, A Fair Globalization: Creating opportunities for all, by the World Commission on the Social Dimension of Globalization (ILO), seek a process of globalization with a strong social dimension based on universally shared values, respect for human rights and individual dignity. A world that is fair, inclusive, democratically governed and gives opportunities and tangible benefits for all ...

Instead of asking how globalization can help us understand Ireland today, this article starts from the premise that Ireland may be useful for an understanding of globalization. Always at a crossroads culturally and through its huge migration overseas, contemporary Ireland is seen as the epitome of a globalization success story. The article examines the constant (relcreation of Irish identity an...

This paper develops a growth model aimed at understanding the potential effects of globalization of production on rate of innovation, distribution of skilled labor income between the North and South, and welfare of skilled workers in both regions. We adopt a dynamic general equilibrium productcycle model, assuming that the North specializes in innovation and the South specializes in imitation. ...

According to the disciplining hypothesis, globalization restrains governments by inducing increased budgetary pressure. As a consequence, governments shift their expenditures in favour of transfers and subsidies and away from capital expenditures. This expenditure shift is potentially enhanced by citizens’ preferences to be compensated for the risks of globalization (“compensation hypothesis”)....

Argues that it is unrealistic to expect the net benefit of economic globalization to be represented by a single monetary figure because its consequences are diverse and several of its consequences are uncertain. The benefits of economic globalization are accessed in terms of its possible impact on the level of global production and exchange of commodities. Both static and dynamic analysis are c...