The impacts of globalization on the world economy
Keywords:
Globalization. Economy. Industry. World. SocietyAbstract
This work aimed to present how globalization has generated significant impacts on the world economy. Among these impacts, it is possible to highlight the strong influence on quality of life, communication, industry, and service provision. Considering these conditions, it can be stated that globalization has a direct effect on the behavior of the economy and on the way it has been evolving. This occurs because globalization has promoted important changes in the lifestyles of societies around the world, as well as in their ways of thinking. In order to better understand this context, the study also seeks to present the advantages and disadvantages that this process has brought to world economies. To achieve this objective, the research adopted a bibliographic approach with qualitative, descriptive, and exploratory characteristics, using the understanding of scholars on the subject to present the author’s perspective on the impacts of globalization on the world economy.
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