Globalization-Boon or Bane?*



Case Code : CLIBE001
Publication date : 2005
Subject : Business Environment
Length : 04 Pages


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Abstract: ICMR India ICMR India ICMR India ICMR India RSS Feed

The caselet discusses the impact of globalization on developed and developing countries. It discusses the unequal distribution of income in the 20th century and the impact of globalization on manpower. Besides, it takes a look at the increase in job losses in different countries around the world.


How globalization has increased the gap between rich and poor countries.
How reduced barriers created opportunities only for the skilled workers.
The need for proper implementation of globalization.


Globalization which implies a shift towards more integrated and interdependent world has long been an issue of debate among countries. Globalization according to some economists is important and inevitable for the economic development of the world.

But others feel that it is a threat to employment. Environmentalists fear globalization would result in deterioration in the environment and increase pollution. The talks in the Uruguay round (1986-1994) resulted in the formation of World Trade Organization (WTO), which brought down many international trade barriers.

WTO came into existence after amalgamation of GATT and other trade promotion groups....

Questions for Discussion:

1. Globalization is good in actual fact but only its implementation that evokes concern. Discuss the type of contribution required from developed nations to integrate low-income nations into the global economy. Suggest some measures that can reduce poverty in developing countries.

2. Do you think 'Globalization'increases poverty and inequality? Justify your answer.

Key words:
World Trade Organization (WTO), GATT, International Monetary Fund (IMF), World Economic Outlook

* This caselet is intended for use only in class discussions.
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