Thursday, November 21, 2019

A critical review on a perspective of globalization Essay

A critical review on a perspective of globalization - Essay Example Nox made at least three key points in the article. Firstly, Nox argued that the booming economies of India and China lifted millions of people from poverty and enumerated data on how economic boom improved the lives of many. Secondly, Nox refuted the view that rich countries have employed protectionism as they destroy the trade barriers of the developing countries. Thirdly, the author pointed out that with the globalisation, multinational corporations â€Å"spread wealth, work, technologies that raised living standards.† Nox also raised several other points but they do not seem directly relevant to the central question of whether globalisation is good or bad for a country. As a concluding statement, Nox argued that â€Å"if globalisation has not adequately worked, it is because there has not been enough of it or countries resisted it.† Let us assess Nox’s article. 2.0. Critique The main strength of the Nox article is that it stood on the correct foot with regard to globalisation. However, Nox’s article has several weaknesses. Some of the weaknesses arose because the Nox article is too short to elaborate on many of the specifics of globalisation. Nevertheless, the fundamental shortcoming of Nox’s work is that it failed to objectively assess based on theory the overall impact of globalisation on the economy and society. At the outset, however, let us categorically identify a very fundamental weakness of the Nox’s article: the work of Nox is a plagiarised work. At least three sentences of the Chew Nox article are word-for-word copies of sentences in two other articles, each of which was written by authors other than Nox. The sentence, â€Å"World poverty and income inequality fell over the past two decades, for the first time in more than a century and a half, thanks to globalisation- the rising density of economic integration across national borders,† for instance, can be found in Wade (2004). Two sentences were li fted word-for-word from the online article of Meredith and Suzanne (2007): â€Å"The booming economies of India and China - the Elephant and the Dragon - have lifted 200 million people out of abject poverty in the 1990s as globalisation took off. Tens of millions have catapulted themselves far ahead into the middle class.† It is highly likely that other portions of the Nox article were also plagiarised. However, the three sentences quoted earlier already provide adequate evidence of plagiarism. Thus, we need not find out if the other sentences of the Nox article were also plagiarised. The data provided suffice to make us conclude that the Nox article is a plagiarised work. Going into the content, we find several other weaknesses of the Nox article. Firstly, Nox concluded that globalisation has its bad and good sides but Nox did not really identify the bad or negatives sides of globalisation. Some of the bad or negative sides of globalisation actually pertain to the employment effects of globalisation. It is a fundamental view in business economics that, assuming there is no intervention from government, trade moves societies into an economic structure in which production and trade become founded on the country’s comparative advantage. In other words, there will be sectors in society that will human and non-human resources in society that will become unemployed as domestic production and international trade are restructured along society’

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