Globalization programmes immediately lift the recipient family out


Globalization
phenomenon is a strong subject that has been making a lot of ink to flow.
Tumultuous economic life challenged the scientists to search for explanations
in order to present the negative events and their forms in the economy.
Economic foundation has suffered many changes and all these took place in order
to find a solution to the various challenges of the economy. From the point of
view of many scientists, the last events that happened in the global economy
show that economic fundamentals must be revised modified, because they have
proved to be wrong in some ways. The concept of economic globalization
highlights the changes made and the transformations that the global economy has
been facing in recent years. Transfers of capital, free movement of capital
flows, mergers and acquisitions globally made between various multinational or
transnational companies are the elements that characterize the concept of
“economic globalization”.

     Firstly, The discussion of the issues and
policies affecting labour income and poverty could include some small but
important points. For example, it rightly mentions that income-support
programmes immediately lift the recipient family out of poverty. However, such
programmes also allow households to spend more money and time on education,
health and nutrition of their members. Continuation of such processes
contributes in building human capital and eventually lifting them out of
poverty in the long run. Nonetheless, discussions of income- support programmes
provide little emphasis on such effect. The discussion of the issues and
policies affecting labour income and poverty could include some small but
important points. For example, it rightly mentions that income-support
programmes immediately lift the recipient family out of poverty. However, such
programmes also allow households to spend more money and time on education,
health and nutrition of their members. Continuation of such processes contributes
in building human capital and eventually lifting them out of poverty in the
long run. Nonetheless, discussions of income- support programmes provide little
emphasis on such effect. Many pathways via which poverty relates to worse
housing, worse self-esteem, etc. Simply because researchers have a very hard
time finding a source of random variation that makes one community (or country)
equal and the other unequal and therefore a source of variation that would be
seen as convincing proof to academic referees and editors that inequality is
bad for long-run health doesn’t mean that policy-makers shouldn’t go with the
best guess anyway! Indeed, when it comes to the ‘bad things’ Leigh does connect
to inequality, he includes the bad habits that the poor pass on to their kids.
These of course include health-related habits around food, smoking, exercise,
pregnancy, etc.

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     Second, I want to mentioned to workers, import-competing job
loss is very costly, due to difficulties finding new employment at a level of
pay similar to the old job. Two-thirds of reemployed workers earn less on their
new job than they did on their old job, and one- quarter experience earnings
losses in excess of 30 percent. The average earnings loss is more modest, but
still sizable at 13 percent. The distribution of earnings losses is very
similar to that found for all workers displaced from manufacturing jobs for
other reasons.       People work in the
shadow economy because of the increased cost that firms in the formal sector
have to pay to hire a worker. The increased cost comes from the tax burden and
government regulations on economic activities. In discussing the growth of the
shadow economy, the empirical evidence suggests two important factors: (a)
reduction in official working hours, (b) the infiuence of the unemployment
rate. Points out that the reduction of the number of working hours below
worker’s preferences raises the quantity of hours worked in the shadow economy.
Early retirement also increases the quantity of hours worked in the shadow
economy. An increase in the unemployment rate reduces the proportion of workers
employed in the formal sector. Consequently this leads to higher labour
participation rates in the informal sector. Boeri and Garibaldi (2003) show a
strong

Third, rapid economic
development has resulted in the more frequent use of renewable energy
technologies. On the other hand, the production and use of renewables fosters
the development of new technologies, creating many new opportunities for
entrepreneurial-minded individuals and, consequently, the economy in general.
Renewable energy technologies have a multiplier effect in spurring the economy
and the development of not only the energy sector but also all the supporting
activities related to such industry. The purpose of this research is to analyse
both the positive and the negative economic effects of investing in various
renewable technologies, as well as to con rm, by means of the energy-economy
model, the bene t of such technologies in boosting the economy. The technology
new spread quickly, the lower costs of production of a country affect all other
countries products. It can attract another reputation etc. So, globalization of
markets require their integration, firms having no possibility to separate
decision. The interdependent market will force them to adopt a comprehensive
strategy aim at the entire world market. 

     In conclusion, for my opinion I think the
current world economy is developing, but it does not develop all the sectors,
finding some problems that are still happening today. That makes me think that
I still do not agree that economic is good for humankind. Economic
globalization Should have policies to help the poor first. Because there are so
many poor people around the world. And the world economy is changing and
progressing all the time. The change should change in a better way and make the
condition of the person better. If improvements are made, the current problems
will be reduced. Development must be accompanied by improvements. Thus, if the
world economy improves, it will cause all problems to decrease and people will
have more opportunities for work people and make poor people have more better
life. Especially, with advanced technology and good technology for people in
the world. 

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