Globalization and its Negative Consequences The peculiar current form of Capitalism rechristened as 'free market economics' goes by the motto of "trade, not aid", no matter how uneven the former may be, and despite the fact that equal relations between unequals simply reinforce inequality. In line with the above, Globalization – Capitalism's corresponding new flagship – is creating wealth for t...

[email protected] Globalization impacts urban dynamics. Some cities more than others have taken advantage of globalization to become real poles of economic and cultural development or to reinforce their position as major world cities. Other cities have had more difficulties in jumping into the new global economy and are still struggling with the ghosts of their industrial pasts. Between t...

Using panel regression for the period 1970-2000 the paper analyzes whether globalization has influenced the OECD countries’ social and overall spending as well as their implicit tax rates on labor, consumption and capital. Accounting for potential endogeneity of the regressors, the results show that globalization (measured by an index covering 23 variables) did not decrease the leeway for indep...

The paper presents an index of globalization covering its three main dimensions: economic integration, social integration, and political integration. Using panel data for 123 countries in 1970-2000 it is analyzed empirically whether the overall index of globalization as well as sub-indexes constructed to measure the single dimensions affect economic growth. The results show that globalization p...

Globalization has brought about fundamental change. But, the same theory that shows that free trade is beneficial also shows that globalization can be harmful to at least one of the trading countries. Moreover, with globalization, the interests of a country and its companies may diverge. In this paper, we examine free trade in a globalizing world and identify the key policy issues that economis...

This article centers on the celebration of Christmas, the most important western festival, in the Chinese mainland to look at globalization in a cultural dimension. It also analyzes signs of cultural invasion from the west and provides approaches to cultural protection in China under the background of globalization.

This paper is an effort to discuss the concept of glocalization from a semiotic point of view. In order to carry out a semiotic analysis of globalization or glocalization, first globalization needs to be defined from a semiotic perspective. Therefore, first an explanation of globalization and glocalization in semiotic terms is provided. Some believe the ongoing process in the world cannot be be...

In our rapidly shrinking world, countries and affairs that once seemed far away have ever stronger and more profound impact on our lives. This globalization process is undoubtedly technogenic. The first vehicle for this phenomenon is the rise of rapid communications, highlighted by the degree to which the internet and wireless communications permeate our environment, providing email, web, IP te...

Proponents of economic globalization view it as a key to future economic development and in general it is considered a positive force for improved quality of life, acceleration of economic growth, efficient allocation of resources and greater productivity enhancements. Whereas, anti-globalization camp argues that it increases poverty and leads to worsening in the distribution of income. Like ma...