THE IMPACT OF GLOBALIZATION ON INEQUALITY

Topic with Connections

Globalization is a phenomenon that can be traced back to the 15th century and attributed to the interconnectedness of diverse businesses and people across the globe. Consequently, globalization has resulted in enhanced economic and socioeconomic integration, which in turn facilitates enhanced communication, movement, and business practices. However, despite the numerous advantages of this phenomenon, globalization is increasingly being touted as the reason behind the increase in inequality within many nations in the world.

Research Questions

1) Are the fruits of economic globalization being shared fairly among people from all socioeconomic backgrounds?

2) While global trade is driving the success of many nations around the globe, is there an increase in wealthy individuals or are more people getting poor by the day?

Search Strategies

To find the three sources to be used in the analysis of the selected contemporary issue, the phrase searching technique was applied. Phrase searching entails the utilization of a few key words to formulate a search term. This search term can then be used to retrieve suitable results from a wide variety of sources. The search term, in this case, was “globalization and inequality.” This search term was inserted into the Google search box to seek a viable news item regarding the impact of globalization on inequality. A thorough search yielded several results with an article from The Guardian Newspaper selected for this paper. Thereafter, the search term was inserted into Google Scholar to seek academic sources about the topic. Two sources were selected: a book and a journal. These two books shed light on the history regarding the selected topic.

Sources with Annotations

Source Demonstrating that Globalization Affecting Inequality is a Current Issue

Frankel, Jeffrey. “Do Globalization and World Trade Fuel Inequality?” The Guardian. 2018. https://www.theguardian.com/business/2018/jan/02/do-globalisation-and-world-trade-fuel-inequality

This is a newspaper article from an online version of The Guardian Newspaper, which was sourced from Google and discusses the link between financial globalization and inequality.[footnoteRef:1] [1: Jeffrey Frankel, “Do Globalization and World Trade Fuel Inequality?” The Guardian, 2018, https://www.theguardian.com/business/2018/jan/02/do-globalisation-and-world-trade-fuel-inequality]

Two Sources Addressing the Historical Roots of the Topic

Azzimonti, Marina, Eva De Francisco, and Vincenzo Quadrini. “Financial Globalization, Inequality, and the Rising Public Debt.” American Economic Review 104, no. 8 (2014): 2267-2302.

This is a scholarly journal article from the American Economic Review sourced from Google Scholar, which reveals the rise in debt and inequality due to financial globalization.[footnoteRef:2] [2: Marina Azzimonti, Eva De Francisco, and Vincenzo Quadrini, “Financial Globalization, Inequality, and the Rising Public Debt,” American Economic Review 104, no. 8 (2014): 2267-2302.]

Nissanke, Machiko, and Erik Thorbecke. “Channels and Policy Debate in the Globalization-Inequality-Poverty Nexus.” In The Impact of Globalization on the World’s Poor. London: Palgrave Macmillan, 2007.

This is a secondary book source from Palgrave Macmillan sourced from Google Scholar, which reveals key trends in the relationship between globalization and inequality.[footnoteRef:3] [3: Machiko Nissanke and Erik Thorbecke, “Channels and Policy Debate in the Globalization-Inequality-Poverty Nexus,” in The Impact of Globalization on the World’s Poor (London: Palgrave Macmillan, 2007), 22-55.]

Bibliography

Azzimonti, Marina, Eva De Francisco, and Vincenzo Quadrini. “Financial Globalization, Inequality, and the Rising Public Debt.” American Economic Review 104, no. 8 (2014): 2267-2302.

Frankel, Jeffrey. “Do Globalization and World Trade Fuel Inequality?” The Guardian. 2018. https://www.theguardian.com/business/2018/jan/02/do-globalisation-and-world-trade-fuel-inequality

FEEDBACK

Besides the comments here, look at the Rubric to see the score breakdown. For LRA II, this topic MUST be revised to a SPECIFIC globalization issue seen today in some country or part of the world. Your paper explores the roots of that SPECIFIC issue for a SPECIFIC place such as loss of indigenous languages/customs, reconfiguration of economy to de-emphasize crops for domestic use to those for export, environmental issues caused by production for a global market, and so on. TOPIC with CONNECTIONS: The topic must be framed first as a contemporary problem and needs to be narrowed to a nation or region and must choose a specific globalization issue. In a 5 to 7-page paper, you will not be able to examine globalization broadly. QUESTIONS: Questions were to address historical roots because they will be the focus of your paper. Revised questions in LRA II will address the roots of a specific globalization issue in a specific part of the world. In LRA II state the connection to the course theme of globalization SEARCH STRATEGIES: Interesting reference to “phrase searching” but I suspect that is not what you did. Rather you used the Boolean operator AND to look for sources that had both the words “globalization” and “inequality” in them and not the phrase “globalization and inequality.” Google Scholar does not necessarily result in only sources that meet the required scholarly journal article or secondary book source requirement. Also given that articles are most often hidden behind a pay wall in Google Scholar, use the library sites and databases to look for scholarly journal articles. Or you can set up Google Scholar to show you what’s available through WSU Libraries: https://libguides.libraries.wsu.edu/GettingConnected/settingupgooglescholar SOURCES, CITATION, ANNOTATIONS: Credit for the source types, but none of the citations is in Chicago Notes and Bibliography style. Newspaper articles, for example, required month day and year publication dates. Use the citation aids in the Research Project Module. To use these sources for your paper, you MUST have access to them. The citations indicate that only the Guardian article is available to you. You will have to use interlibrary loan to get the book and a database for the American Economic Review article which the citation must indicate. Again because Google Scholar includes sources that are not in scholarly journals, the annotation must explain how you identified an article as in a scholarly journal.