The author developed a comprehensive index of globalization known as the KOF globalization index, covering three major aspects of globalization i.e. economic integration, social integration and political integration. Using an objective statistical technique twenty-three variables are reduced to three sub-indexes which in turn is aggregated into a single globalization index. The study revealed that the economic and social aspect of globalization have a positive effect on economic growth while the political aspect does not affect growth. Specifically, on the average the more globalized a country the higher the growth rate.
Quarterly Journal of Economics. 76(1), pp.163-166 15. Kee, H.L., Neagu, C. and Nicita, A. (2013) 'Is protectionism on the rise? Assessing national trade policies during the crises of 2008. '
While other researchers argue that economic globalization gives solutions of trading and poverty that developing countries encounter. In this paper, I will discuss how Economy Globalization is a good trend that brings benefit for the country. The decision of doing economy globalization chosen because it is considered as beneficial for the country. “The economic essence of globalization is actualized in spreading out the most efficient forms of social production, which in technological terms is demonstrated in the speed, cost-cutting, and reliability of production processes.” (Mamedov, 2016). Globalizing the trade to become international wide gives more opportunity for the country to fulfill the demand of the country.
Vygotsky’s Educational Theory In Cultural Context. Cambridge : Cambridge University Press Miller, R. (2011) Vygotsky in Perspective. Cambridge: Cambridge University Press Van der Veer, R. (1998). From Concept Attainment to Knowledge Formation. Mind, Culture, and Activity, 5(2), 89-94 Van der Veer, R. (2007).
Global Awareness Society International, 21. Retrieved from http://orgs.bloomu.edu/gasi/2012%20Proceedings%20PDFs/Herrmann2012- 06%20Globalization%20and%20its%20Effect%20on%20International%20Business%20- %20Publication.pdf Philips, Margaret E. and Packman, Sonja A. (2002). Managing in an Era of Multiple Cultures: finding synergies instead of conflict. Graziado Business Review, 5(4) Retrieved from https://gbr.pepperdine.edu/2010/08/managing-in-an-era-of-multiple-cultures/ Serdyuk, Julia.
CRITICAL REVIEW Name: Institution: Instructor: Course: Date: Globalization - Good or bad? Globalization refers to increased economic integration as a result of increased trade and investments which then leads to increased movement of people, goods, services, capital, and ideas across the world. The author of the article “Globalization - good or bad?” under review has highlighted the main reasons why globalization is a good thing that should be embraced by all nations. China and India have been cited as classical examples of how globalization can help transform the livelihoods of poor citizens and make them climb the social ladder into the middle class. In terms of International Trade, the author has described globalization as the