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Economic Effects Of Globalization

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No doubt economic globalization has several benefits, but it can become a problem for long term if it is not resolved in time. It has a potential to leave an impact on the whole economy, which eventually would disrupt the working conditions of a country, especially in case of developing countries. So, the research questions arise that: How would local hiring as well as income allocation structure get affected, in case domestic firms comes in the contact of economic globalization with their individual choice? And In what way does hiring stucture present in a country, which is also associated with decline in poverty and income allocation get influenced with introduction of FDI in the system? Also, How the issue of disparity existing among nations …show more content…

With certain policy controls in the field of trade and foreign direct investment, liberalization related to finance sector could be additionally confined in specific conventional circumstances. This is necessary because an unanticipated financial liberalization could lead to escalation in the level of poverty and …show more content…

The sectors where economic globalization is seen comprise of financial markets like capital market, money market as well as credit market. Financial as well as industrial economic globalization is developing at a rapid pace and giving rise to fresh opportunities for developed as well as developing countries. The immense effect can be noticed, especially in developing countries that entice several foreign investors. This leaves many positive as well as negative impacts on these developing nations.
Further, in this assignment, the strengths and weaknesses are brought into light which provides a clear cut picture of effect related to economic globalization on the world as well the UAE. UAE, being still a developing country is getting numerous advantages from economic globalization aspects that have made it an attractive economy for foreign investors. Even, its trade policies go hand in hand with the aim to develop, which helps its economy to flourish in a better and fast manner (Marmolejo,

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