Globalization can be portrayed as an overall coordination of monetary and money related framework. Through globalization, nations overall become between associated and related and subsequently the between availability between different economies lessens the general boundaries to exchange and speculation (Brandon, 2013). Globalization has brought about lessening the exchange boundaries and boosting the venture exercises. Presently, the nations are not viewed as impassive in any case; they will in general secure a similar level. The hole between these nations is lessening consistently. It is one of the significant reasons of diminishing disparities among countries of the world. Diminishing the exchange obstacles and speculation empowers in decreasing imbalance between different nations in light of the accompanying reasons-
In this way, globalization plays a gigantic significance in diminishing the pace of disparity among different nations of the world by hobnobbing and coordinated effort. It causes the nations to meet up on a worldwide level and trade merchandise by which they can thrive and create.
Brandon, L. (2013).The role of globalization in economic development. SSRN Journal 6: 137-142.
E International Relations. (2020). The impact of globalisation on poverty and inequality in the global south. Retrieved from https://www.e-ir.info/2020/03/22/the-impact-of-globalisation-on-poverty-and-inequality-in-the-global-south/
Samimi, P. & Jenatabadi, S. (2014).Globalization and economic growth: Empirical Evidence on the role of complementarities. PLoS ONE 9(4): e87824 https://doi.org/10.1371/journal.pone.0087824
Jhinghan, M.L. (2016). Microeconomic theory. India: Vrinda Publications.
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