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The typical symptoms of spurious correlation is the regression would overestimate the, -statistics and
F-value. Ability of the private funds to move across national boundaries in pursuit of higher returns.
Research philosophy Research philosophy under the research methodology defines the belief over the
manners in which data relevant for the research topic must be collected for the given phenomenon
developed under the research approach. From the figure 1, we can see that the GDP of China has
been significantly increasing to an unprecedented rate and the rate has maintained 12% growth
annually in the global economic integration decade. According to the Keynesian theory, increases the
government expenditure would stimulate the national economy through the multiplier effect. In this
present research, the researcher has followed all the ethics which are as follows- All the data or
information collected by the researcher are from authentic and valid sources as all the false websites
are ignored like Wikipedia. They are the inter-industrial inequality, inter-provincial inequality and the
perhaps the most important being rural urban inequality. Stewart, J. 1992, “Guidelines for public
service management: lessons not to be learnt. The theorem suggests that trade liberalization could
help to reduce the income inequality as the income gap between rich and poor becomes narrower.
Productivity and competitiveness are, by and large, a function of knowledge. Completely agree
Partially agree Completely disagree Ques 3. International Journal of Intercultural Relations., 53.
pp.1-15. Such that it provides e-commerce facilities to their customers for their better convenience
and this also helps to cut the expenses and provide best and outstanding customer service. Many
nations wanted silver and gold, but one of the most compelling reasons for. According to you which
is the best strategy that can be adopted by Grupo Intercom for launching the product into the
international market. International Monetary Fund (IMF), the World Bank and others to create a free
global. Wei, S, J (September, 2002), Is Globalization Good for the Poor in China?, Finance and
Development, Vol -39, No-3, International Monetary fund, available at (accessed on 28th April,
2011) 14. Multicollinearity would not distort the regression results, but the estimation of one of the
explanatory variables would become less precise and the variance would tend to be large. In this
case, OLS estimator is not a BLUE and the probability of causing bias would increase. Resistance to
globalization has therefore taken shape both at a popular and at a governmental level as people and
governments try to manage the flow of capital, labor, goods, and ideas that constitute the current
wave of globalization. Increase in market share Increase in profitability and sales Economies of scale
Ques 4. The from the result is 0.523. It represents that there is 52.3% of the data can be explained by
the regression. To browse Academia.edu and the wider internet faster and more securely, please take
a few seconds to upgrade your browser. Wade (2004) supports the theorem and discovers that
liberalization of trade causes the increase in trade ( % of GDP) which has benefited the economy in
China and influence the inequality to halt. Moreover the structure of the capital of a country is also
an important contributor to the increasing inequality among the different regions of the country.
Seeking to rectify this neglect, we argue that the subjective dimensions of globalization can be
conceptualized in terms of three dimensions or levels: ideologies, imaginaries, and ontologies. These
two values differ substantially from others which might distort the regression results. It involves a
detailed and comprehensive plan and search strategy derived from a set of specified research
questions. Chapter 2 Literature Review The effect of the openness of the economy through the
process of globalization on the income inequality of country has always been the topic of curiosity
among the academic professionals and also the policy makers of the economy. You may want to
subscribe to IELTS- Blog and get all the updates via email or via RSS feed.
Here we want to focus on four themes that appear with some regularity in the. Various active
literatures exist that study the relationship between the openness of the economy of a country and
the economic growth of the same with a link to the income inequality of the country. Digital Sales
Sell your publications commission-free as single issues or ongoing subscriptions. Such regression
may be considered as spurious regression. Therefore, the OLS may lead to be bias if this assumption
did not hold. 3) Multicollinearity One of the assumptions of OLS is the independent variables are
linearly independent. Wei S, J and Y, Wu, (2002) Globalization and Inequality without Differences in
Data Definition, Legal System and Other Institutions, International Monetary Fund, pp 1-54,
available at (accessed on 28th April, 2011) 13. Even the local culture also affected by it as well, it is
the result of opening up the global economy and also increases the sales or trade between two or
many nations. According to the Keynesian theory, increases the government expenditure would
stimulate the national economy through the multiplier effect. By using social media an organization
can inform about new products or offers to a wide number of customers. The results of the new
regression with the adjusted sample data are presented in Table 13. But it can be feasibly done
through following a structured approach to data collection and analysis. In the view of Carter et al.
(2015), societies have become superior as they have welcomed individual of other backgrounds and
civilization as well as generate an entirely new culture of their own. As we can see from the above
tests, some of the assumptions are not satisfied to produce a BLU estimator. As per the view of
Samiee (2019), globalization is important for the quoted firm because it opens up international access
for it. The GDP per capita growth rate is considered as the main indicator of economic growth. Ozer,
S. and Schwartz, S.J., 2016. Measuring globalization-based acculturation in Ladakh: Investigating
possible advantages of a tridimensional acculturation scale. Further evaluation of this problem will
be discussed in the “Result and Discussion” part. 6) Normality The last assumption of using OLS
estimators is that the population error is normally distributed as Normal (0, ). In a world increasingly
dominated by two global powers, the US and China. Multicollinearity occurs if variables are highly
correlated to each other. Theme 4: To assess the advantage of globalization for the company such as
Grupo Intercom According to Ozer and Schwartz (2016), globalization creates advantages for Grupo
Intercom because it increases creativity and innovation and global competition helps a business stay
one step ahead from their competitors. Growing on the intra-country inequality not only affect the
stability of the country, but also hamper the potential economy growth. Keywords used in the data
search included: food, naturalness, natural content, and natural ingredients. Samiee, S., 2019.
Reflections on global brands, global consumer culture and globalization. Ten respondents have given
such response as they have themselves analyze that their company is growing at a faster rate after
expanding business at the international level. By participating in investigation activity I have gained
practical experience which I perceive that will support me in continuing my career in a particular
field. Social media TV advertisement E-mail marketing Data analysis Theme 1: Aware of the concept
of globalization Ques 1. Which marketing strategy Do you suggest to Grupo Intercom for promoting
their products in the new market. Trade Organization (WTO), the International Monetary Fund
(IMF), and the. This is achieved by simplifying or omitting stages of the systematic review process.
Theme 3: opportunity Grupo Intercom has captured through globalization. Ques 3. What opportunity
Grupo Intercom has captured through globalisation.
Theme 2: Globalization has a direct effect on the growth of an organization. Ques 2. How much
agree you are with the statement that globalisation has a direct effect on the growth of an
organisation. Of course, there are issues related to globalization that do connect with imperialism.
Model The model used to investigate the relationship between economics globalization and
inequality in this study is based on the previous empirical literature. Those 13 people have given such
response by analyzing the sale report of an enterprise. Multicollinearity would not distort the
regression results, but the estimation of one of the explanatory variables would become less precise
and the variance would tend to be large. An individual of one culture demonstrates the effects of
their culture as well as focuses on cultures that are feasible (Zimmermann, DF Ferreira, and Carrizo
Moreira, 2016). Nardi, P.M., 2018. Doing survey research: A guide to quantitative methods.
Routledge. After completion of the research project I have performed the self- assessment in order to
analyze my performance and I found there are few skills which are lack these are effective
communication as well as technical skills which I perceive could be beneficial in the context of the
execution of investigation. Critical literature review on Globalization According to Rogers et al.
(2016), Globalization is the procedure of interaction and integration amid corporations, people and
government at worldwide. The development of markets, the expansion of economic activity, and the
extent to. Yes 12 No 6 Don’t know 2 Interpretation: It has been interpreted the information present
in the above table that out of twenty there are 12 people who have stated that they are aware of the
concept of globalization. Apparently, the new model has a big improvement after omitting the
outliers. The company wants to introduce its new software in the market through globalization and
thus, Hickie, Jones and Schloderer (2019) stated that by using email- marketing, the Grupo Intercom
can introduce its service in market because it has been analyzed that more than 80% of the people are
using this technique in order to introduce their product in market because it allows to easily share
news related to new product or service launch by the company. Journal of experimental criminology,
10, 487-513. However, it has been always so hard to find that many of us had to write papers for
academia by ourselves and get poort is important to mention that cheap essay writing help has
always been something modern students were looking for and were deeply interested in. This report
also focuses on advantages and disadvantages of globalization in developing nations. Johansen
Cointegration Test The regression result is compromised if the variables have unit root unless they are
cointegrated. Statistical evidence from Choi (2006) proves that the increased in FDI would bring the
negative impact to national inequality based on 119 countries 1993 to 2002 panel data. World Bank
(2002) throws out that there were three main globalization waves since 1870 where the global
economy, capital flow and migration have been increasing dramatically. Statistics Make data-driven
decisions to drive reader engagement, subscriptions, and campaigns. International Monetary Fund
2000, Globalization: threat or opportunity, International. The information and data have been
collected which are expressed by other people to reach an effective outcome of this research study.
However, there is relatively smaller number of literatures which has examined the effect on national
disparity. Globalization integrates trade, technology, investments, and the mobile factors of
production like labor and. Resources Dive into our extensive resources on the topic that interests
you. Researcher adheres to all the acts such as Data protection, privacy etc. It isn’t just that large
corporations operate across many. Lozada, C, (n.d), Globalization Reduces Inequality in China,
NBER, available at (accessed on 28th April, 2011) 8. Those people have also stated that by
expanding business at the global level firm can increase sales and profitability which can be utilized
further for the development of business. There are two major philosophies of research which are
interpretivism and positivism.
Distinguishing this current wave of globalization from earlier ones, author Thomas Friedman has
said that today globalization is “farther, faster, cheaper, and deeper.”This current wave of
globalization has been driven by policies that have opened economies domestically and
internationally. Capitalism is essentially disruptive and ever-changing - and takes very different
forms. The outliers seem to mislead the results from the previous model. On the other hand, Yawar
and Seuring (2017) described that competition is the visible favorable effect of globalization that can
enhance the product quality due to international competition. The data of percentage of government
expenditure on social security are obtained from China Statistical Yearbook. Thus, many scholars
such as Zhao, Li and Riskin (1999), Cheng (2007) and Ravallion and Chen (2007) have calculated
the Gini index for China. This inequality has been experiencing a trend of considerable increase with
globalization. FDI is considered as one of the key elements of economic reform as the “Open-door”
policy attracts a substantial amount of foreign capital inflow. It is important to think in bigger terms,
not just about the country. Research philosophy Research philosophy under the research methodology
defines the belief over the manners in which data relevant for the research topic must be collected
for the given phenomenon developed under the research approach. From the estimation of Chen, Dai,
Pu, Hou and Feng(2010), we can see the Gini ratio has been increased from 0.3029 in 1978 to
0.4448 in 2007. Total Trade % of GDP Total trade is an important factor to include in the model to
investigate the impact on economic inequality and it is also considered as one of the proxies of
globalization. It identifies different patterns and enables researchers to engage with data and begins
thinking about general topics during the discussion with participants. However, there is relatively
smaller number of literatures which has examined the effect on national disparity. The result is
depicted in Table 8 and reflects that both trace and Max-eigenvalue indicates no cointegration at the
5% level. As we have already noted, a particular feature of “globalization” is the momentum. When P
took the IELTS Speaking test in the Philippines. In the first century BC, a surprising phenomenon
occurred. According to Kant (2019) our DNA reflects our ancestors' journeys, which date back. At
the same time, globalization considers the misuse of labour (Adamson, et. al., 2017). End of preview
Want to access all the pages. Fromm were commenting on the phenomenon in the early 1950s. The
value of the Gini Co-efficient increased further from 39.7 percent in the year 1999 to 41.7 percent
within the span of a single year. Globalization and Its Effect on the World This essay analyses the
factor of globalization, its impact on different aspects of the world and considers the question of the
globalization real existence. According to you which is the best strategy that can be adopted by
Grupo Intercom for launching the product into the international market. However, Henderson (2002)
argues that the trade is only focused in the coastal region, and therefore, the income gap between
coastal and interior areas in China would be widened, thus the inequality would increase because of
uneven trade. Statistics Make data-driven decisions to drive reader engagement, subscriptions, and
campaigns. On the bright side, the task is covered and there are enough words (2. Foreign Direct
Investment of GDP FDI is representing the percentage of net inflow of the foreign investment over
GDP. Fourth, multinational companies can also have significant influence with regard to. Innovations
like the internet have made it possible to access. The null hypothesis of this test is the series contain
unit roots.
Surely you or someone who knows someone who went to school with. The authors found that the
literature lacks clarity about how naturalness is defined and measured, but also found that food
consumption is significantly influenced by perceived naturalness of goods. Globalization and the
decline in power of national governments. Table 9 shows the regression results of the first difference
model. Enders (2009) mentions the Johansen tests in Eviews would be able to detect the different
degree of integration, however, it is desirable to only include the series with the same orders of
integration. The company wants to introduce its new software in the market through globalization
and thus, Hickie, Jones and Schloderer (2019) stated that by using email- marketing, the Grupo
Intercom can introduce its service in market because it has been analyzed that more than 80% of the
people are using this technique in order to introduce their product in market because it allows to
easily share news related to new product or service launch by the company. Learn more about our
academic and editorial standards. With increased economic “interconnection”, deep-seated political
changes-- poorer. This is common in the social sciences and humanities. Earlier we saw Castells
making the point that productivity and competitiveness are. Hickie, D., Jones, N. and Schloderer, F.,
2019. 12 Globalization, competitiveness and the supply of highly skilled labour in civil aerospace.
This movement has been well documented in the USA (particularly by Robert Putnam. In order to
examine why the variables are not significant, I construct the Actual Fitted Residual Graph below to
see if there is any outliner exists. In chapter 3, the empirical model will be constructed and displays
the details of data resource, data description and OLS assumptions. The company should make
efforts to improve their standard in order to enhance the extent of satisfaction among customers and
survive in the market. The data of percentage of government expenditure on social security are
obtained from China Statistical Yearbook. What opportunity Grupo Intercom has captured through
globalisation. Romer and others have argued that technology and the knowledge on which it is. It is
also evaluated that there is less job for people in developed nations (Campos, et. al., 2014). Since,
manufacturing act is outsourced to nations in which cost of producing goods with pays are low as
compared to their nations. Globalization: pros and cons The history of globalization. Those people
have stated that by using social media an enterprise can promote products among global level. While
with globalization the power of national governments over macro-economic. Video Say more by
seamlessly including video within your publication. The results are rising unemployment rates in the
“old industrial countries”. In this study, the Gini Ratio provides important information for evaluating
the income disparity in China. United States, are felt in countries all over the globe. Volatility, as
expressed as a percentage coefficient within option-pricing formulas, arises. Adobe InDesign Design
pixel-perfect content like flyers, magazines and more with Adobe InDesign. This figure is relatively
not very high, but it is much better than the previous model. International Journal of Intercultural
Relations., 53. pp.1-15.