Multidimensional Structure Of Globalization: Good For Living: A Comparative Analysis
Taking its multi-dimensional nature into account, different perspectives on …show more content…
It determined that economic globalisation fosters life expectancy, especially in the developing countries (Bailey, 2015). For example, A. Bergh and T. Nillson (Bailey, 2015) stated that Uganda’s economic globalisation index rose from 22 to 46 points for the period of 1970-2005, average life expectancy increased by two-three years.
In addition, Bailey (2015) cited the work of economists H. Urpsprung and N. Potrafke who determined that economic and social globalization is the reason to improved social institutions that reduce female subjugation and promote gender equality.
Globalisation is not an absolutely positive phenomenon, as it is the cause for serious negative consequences. One of the main negative effects of globalisation is that in order to cut down costs, many companies decided to outsource their manufacturing to developing countries where the cost of labour is low. This is the reason to resentment among the people in developed countries and companies are accused for cease of job placements. Moreover, in many cases they are not satisfied with the quality of goods and services provided by the developing countries (Pillai, …show more content…
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