Globalization and Its Effects on National Economies: A Case Study Approach

Abstract

Using a case study methodology, this research paper looks at how globalization has affected national economies in both developed and developing nations. Technological developments, trade liberalization, and multinational firms have all contributed to globalization, which has changed economic systems all across the globe. Even while it has made development, commerce, and foreign investment easier, its advantages are not shared equally. While some countries have benefited from globalization by increasing exports and technological integration, others have had to deal with issues like inequality, economic stagnation, and growing unemployment. This study examines how different nations have adapted to globalization by analyzing a few chosen case studies. It looks at things like labor market changes, trade policy, and foreign direct investment. It also looks at how government actions may help solve the inequalities brought about by globalization. The results shed light on the intricate connection between national economic performance and globalization, pointing out both the advantages and disadvantages for sustainable development.