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the country's international trade development has a direct impact on the level of economic globalization of the country.
Open accessReportDOI
15 Dec 2016
22 Citations
Building on this research, I conclude that trade played an appreciable role in increasing wage inequality, but that its cumulative effect has been modest, and that globalization does not explain the preponderance of the rise in wage inequality within countries.
Looking to the definitions and measures of globalization we conclude that for most of the countries the macro dimensions are important and many of them irreversible and not questionable in these days – barriers of trade, political integration, etc., but the microeconomic behavior of individuals and companies are the engine in this stage of globalization.
This paper argues that globalization is not necessarily biased towards greater concentration in international trade and investment flows.
Open accessJournal ArticleDOI
Ingo Borchert, Yoto V. Yotov, Yoto V. Yotov 
01 Apr 2017-Economics Letters
50 Citations
We offer evidence how globalization affects manufacturing trade over the period 1986-2006 and show that, on average, the effect of distance has fallen whereas the effects of proximity and regional trade agreements have increased over time.
This paper argues that the likely impact of globalization on world inequality has been very different from what these simple correlations suggest.
This paper asserts that globalization has a positive side as well.

Related Questions

How has globalization impacted international trade and economic relations among nations?4 answersGlobalization has had a significant impact on international trade and economic relations among nations. The development of information technology and transportation capabilities has lowered the cost of cross-regional trade, leading to the integration of production and circulation of products worldwide. Globalization has created a single world market, increasing the influence of external economic factors and fostering competition through advances in science and technology. The functioning of national economies is reflected through international trade, which has become the most active form of international economic relations. The ability to collect and process data has become a core competitiveness for countries, and economic globalization has accelerated the integration of international relations. Globalization has accelerated international trade and encouraged a freer flow of investment between countries, but it also poses challenges such as increased global competition, economic inequality, and the risk of losing local cultural identity. The globalization process has had a positive effect on the liberalization of trade among member countries of the Black Sea Economic Cooperation Organization.
How has globalization impacted the trade openness of India?5 answersGlobalization has had a significant impact on the trade openness of India. The country has experienced a rise in the number and depth of Regional Trade Agreements (RTAs) in the Asian region, coinciding with the era of globalization. Trade openness, which is an indicator of globalization, has resulted in increased Indian exports to partner countries. The impact of trade openness on Foreign Direct Investment (FDI) inflows has also been significant, with trade openness having a stronger positive impact in the post-globalization era compared to the pre-globalization era. The economic reforms and liberalization efforts initiated in the early 1990s have led to increasing trade openness, mounting FDI inflows, and integration of financial markets in India. Despite the positive effects of globalization, challenges remain, such as the condition of agriculture and the increase in landless families in India.
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