solve this and show answer step by step Question )l In our local cormunity, whic

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Question )l In our local cormunity, which economic groups benefit most from globalization? Which groups are hurt most by globalization? Question2) Fromaliberal perspective, what role do international institutions play in overcoming the collective action problems that otherwise impede the development of free market exchange across national borders? Question Which kinds of state intervention in markets might be advocated by realists or statists even if they are objectionable from aliberal point of view? Question 4) We often think of globalization as an economic phenomenon. But in what ways is globalization a process also influenced by political factors? Question5) From WilliamRobinson's perspective, how has the globalization of production networks altered the principal political cleavages within the global economy? 6 What does each of the omy-liberalism realism/ statism, and Marxism-contribute to our understanding of globalization? three main perspectives on international political econ

Explanation / Answer

Globalization is an opportunity for the countries to improve in various areas of the economy. However, the benefits of globalization has not been uniformly beneficial for all. Some of the gropus who have benefitted most from globalization are:

1. Rich class- The rich ansd wealthy have become richer due to globalization and this has increased their overall wealth.

2. large businesses- They have benefitted the most as they arev most competitve.

Some of the classes who have faced losses due to globalization are-

1. Poor class- For this class some items have become more expensive and thus out of their reach due to globalization. This has increased inequality in the society ddue to fall in the income of poor and unskilled and increase in income of skilled class.

2. Small and new businesses - they have are the major losers. This is because they do not operate at economies of scale and thus are inefficient and this leads to decline in their efficiency and thus throws them out of the race.

Thus, some have gained and some have lost die to globalization.

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