Abstract

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.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

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

Keywords

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