• Title/Summary/Keyword: globalization

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The Nexus among Globalization, ICT and Economic Growth: An Empirical Analysis

  • Liu, Ximei;Latif, Zahid;Xiong, Daoqi;Yang, Mengke;Latif, Shahid;Wara, Kaif Ul
    • Journal of Information Processing Systems
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    • v.17 no.6
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    • pp.1044-1056
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    • 2021
  • Globalization has integrated the world through interaction among countries and people with the help of information and telecommunication technology (ICT). The rapid mode of globalization has put a new life in ICT and economic sector. The key focus of this study is to examine the nexus among the globalization, ICT and economic growth. This study uses autoregressive distributed lag model (ARDL), vector error correction model (VECM) and econometric method spanning from 1990 to 2015. The empirical result highlights that the globalization stimulates economic growth of a country. In addition, both the internet penetration and the mobile phone usage contribute to the economic growth. Lastly, this article contributes important policy lessons on strengthening the economy by utilizing ICT with the rapid globalization.

A Study on the Globalization of Services Under the WTO System. (WTO 통상환경 하에서 서비스부문의 세계화 모드에 관한 고찰)

  • Chae, Dae-Seok
    • International Commerce and Information Review
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    • v.7 no.3
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    • pp.287-300
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    • 2005
  • The globalization of services is closely related to other economic problems facing the world today. These are: 1) the globalization of economic activities, 2) the servicization of economic activities. The world economy is now move interconnected than at any time in its history. Investment decisions, production processes, labor market regulations and even environmental legislation made by one country or company affect other economies, other companies and the lives of individuals. In fact, it is nearly impossible to think of a country that is not connected to the world economy in some form or another and it is no exaggeration to state that globalization is already an unassailable fact. The fabric of our economy and the way we do business are changing. This change is the transformation from a marketplace on goods to one focused on services. That is to say, we live and work in a service-centered, service-sensitive economy. As a result of the globalization an servicization of economic activities, services require the globalization, and services are increasing their international trade, foreign investment, agreements, alliances, mergers and collaboration networks. It is quite obvious that services are affected by globalization ; but raising the question by how much leads us to the paradox of service globalization, services represent 70% of the most advances economies but only account for less than 25% of international trade and almost half of direct investment; mergers and takeovers. These figures create a paradox that can be explained by two reasons. First; the natural(the service relationship) and artificial difficulties(barriers to trade) faced by the service sector that inhibits globalization. Second, the non-inclusion in official statistics of the share of internationalized goods that are due to services, for example intra-firm trade or the service value incorporated into exported goods. If these were taken into account the service trade figures would be extremely different. The first explanation can be subdivided into a number of elements. The OECD identifies six reasons:services cannot be stored; client-supplies interaction requires local presence; most service firms are SEMs; products are highly differentiated; cultural differences are especially important in this field; and, finally, trade barriers and restrictions on local operations exist. However, despite all of this, globalization produces clear advantages to suppliers. Therefore, the objective of this study is to explore the main forms of service globalization and differences between that of goods, and is to identify distinctive aspects of service globalization within the framework of the global economy.

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A Study on Korean fisheries' Globalization level: focusing on LIT and IIT (우리나라 수산업의 글로벌화 수준 평가 -국제연계도 및 국제통합도 분석을 중심으로-)

  • Hong, Hyun-Pyo;Ma, Chang-Mo
    • The Journal of Fisheries Business Administration
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    • v.41 no.2
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    • pp.61-79
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    • 2010
  • The objective of this study is to examine Korean fisheries' globalization level. For that, this paper discusses structural changes of world fisheries and level of korean fisheries' globalization. Fisheries' globalization is measured by comparison of IIT(intra-industry trade) and LIT(level of international trade) on eleven countries(Netherland, UK., USA, France, Japan, Spain, Korea, Taiwan, Thailand, Indonesia, Philipinnes). And analysis data are obtained from UN-UNCTAD PC-TAS and FAO Fishstat. As a result of measure of fisheries' globalization, Netherland is the most globalization country of eleven countries. And the next order is Spain, UK, France, Thailand, Taiwan etc. We can classify these countries into four types. Type I is 'International linkage and integration global indutstry' inculding Netherland, UK, Spain, France. Type II is 'Interantional integration global industry' including Taiwan and S. korea. Type III is 'international linkage global industry' including none of eleven countries. Finally, type IV is 'domestic demand and self-sufficient industry'including Thailand, USA, Japan. So we can name the type of korean fisheries' globalization as 'interantional integration global industry'. Usually this type is evaluated that level of international trade is not high but level of intra-industry trade is high. As a result, from now, we should consider policy directions of korean fisheries whether to decide one of four types or not.

Evaluation and Analysis of Software Globalization Capability in Korea (국내 소프트웨어의 글로벌화 수준 평가 및 분석)

  • Lee, Seiyoung
    • Journal of Convergence Society for SMB
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    • v.1 no.1
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    • pp.9-17
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    • 2011
  • While software globalization is becoming more important, little research has been undertaken into what is meant by globalization and the degree of globalization capability in the Korean software industry. A survey study was conducted among software engineering professionals, gathering the data from 31 IT companies across 7 large-scale projects in Korea. The results indicate that the evaluation score for globalization capability is 2.51 out of 5 points, which is the lowest compared to other areas of software engineering such as team capability (2.88), process and tool supports (2.96), project management (2.97) and development (3.64). We also discuss how to introduce software globalization technologies in Korea based on the successful experiences of leading global IT companies.

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The Role of Intelligence (IQ) on The Globalization-Income Inequality Nexus: A Threshold Regression Approach

  • IBRAHIM, Saifuzzaman;MAZLINA, A.R.;AZMAN-SAINI, W.N.W.;BURHAN, Nik Ahmad Sufian
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.12
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    • pp.9-17
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    • 2021
  • Globalization is an economic process responsible for the increase of interdependence of world economies. It enhances the mobility of national resources internationally via the integration of markets, trade and investments with minimal barriers to slow the flow of products and services. Although globalization has some positive impacts on the economy, it is said to be a factor in the decline of income inequality of the participating countries. However, the results of previous studies on the relationship between globalization and income inequality are inconclusive. This suggests that there are other factors influencing the relationship between the two variables. The purpose of this study is to examine the role of intelligence (IQ) in the globalization-income inequality relationship. This study employs the threshold regression technique and cross-nation observations from 117 sample nations for the period 1980-2016. The results show that the impact of globalization on income inequality in a nation relies on its IQ level. The results imply that economic globalization has a negative impact on income inequality in nations with lower IQ levels. It widens the gap between the poor and rich. While in nations with higher IQ levels, it seems to not have any significant impact on income distribution.

Growth of Globalization Cultural Spread and Technological Innovation Study with Anti-Globalization (세계화의 문화 확산과 반세계화에 따른 기술혁신 성장연구)

  • Seo, Dae-Sung
    • The Journal of the Convergence on Culture Technology
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    • v.9 no.3
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    • pp.769-777
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    • 2023
  • Globalization has brought about rapid economic, technological, and cultural changes. In order for countries around the world to communicate, recognize and understand globalization, creativity or planning ability can be used to code. In this paper, we would like to present and prove a data analysis that can solve world problems. In the global market, the value of goods or services increases with connectivity. This connection is becoming one of the factors that increase the value of culture. Changes taking this into account promoted cultural spread and innovative growth, and increased productivity and competitiveness in each region of the world. This paper compares the income of the middle class in the United States on the impact of globalization and anti-globalization on cultural spread and innovative growth. Globalization has created an environment in which various elements of K-culture can interact and spread. Through the Internet, social media, and international travel, globalization has had a positive impact on Korea's innovative growth. In areas such as economic activity, technological innovation, and creative industries, globalization has facilitated new tech and approaches, Through this, it changed the existing economic model and contributed to exports K-culture with a new middle class model. However, globalization in the cultural industry can result in the loss of regional characteristics & individuality, which can lead to the middle class cultural unification and alienation(chasm). As a result of the empirical analysis of K-exports for the middle income in the United States, cultural diffusion and innovation must be developed even in anti-globalization. With these industrial changes the soft power value of the Korean Wave proves that it can create value for use for the middle class of major exporting countries.

A Case Study on the Haier Globalization of Chinese Electronics Firms (중국 전자기업 하이얼(Haier)의 글로벌화 사례연구)

  • Kim, Young-Rai;Kang, Qing-Song
    • International Commerce and Information Review
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    • v.8 no.4
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    • pp.301-322
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    • 2006
  • The change of the global environment, especially the development of the communication and transportation and the decrease of the trade barrier promotes the progress of globalization. Under this background, the globalization progress of Chinese electronic firms is also pushed forward, compared with the early firms, which is being quickly shortened. This study has some purposes. First, this tries to investigate the growth process of the Chinese electronics firms, by which reveals the progress of the global competition ability and the background of promoting their rapid globalization. Second, this study estimates and analyzes the implemented process of Haier's globalization strategy, which is the Chinese most representative global Firm. Finally, this article elaborates the globalization of Chinese firms and the apocalypse of the Korean firms and also shows the corresponding projects for them.

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Gender Gap in Globalization of Korea (세계화 속의 성의 격차)

  • Kim Sung-Hee
    • Journal of Families and Better Life
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    • v.24 no.2 s.80
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    • pp.1-13
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    • 2006
  • The Purpose or this research is to examine the trend or sender gap within a globalization context from 1993 to 2003 on the perspective of feminists who contend that globalization has negative effects on women on account of its masculine nature against neo-liberal viewpoint emphasizing economic efficiency and rationality. As the result of review of statistical and qualitative resources in workforce, it was found that the gender gap has trended toward increasing in some sectors such as flexible labor and high wage jobs, which shows that gender segregation by irrational culture exists in workforce. The evidence to support the neo-liberal viewpoint supposing that the gender discrimination will disappear was also found in sector of wage. The gender gap in wage has decreased during the period of globalization. The dispute of feminists was partly supported, so it was suggested that the policies for gender empowerment should be enforced to diminish gender gap that would be able to increase in the process of globalization.

Sources of Income Polarization in Korea: Globalization and Technological Innovation

  • Shin, Taeyoung
    • STI Policy Review
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    • v.7 no.2
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    • pp.1-15
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    • 2016
  • This study provides empirical evidences for the relationship between income inequality and economic growth, and relationship of income inequality with some of explanatory variables such as technological innovation, trade globalization, financial globalization and fiscal policy. We find out that income inequality has an adverse effect on economic growth, showing its dynamic features, for which we employed the polynomial distributed lags (PDL) model. The effect of income inequality on economic growth lasts over 9 years, and its dynamic effect peaks after 4 years. In addition, we also attempted to find out empirical evidences of sources of income inequality. The results show that income inequality is positively related to technological innovation, financial globalization, and fiscal policy; negatively related to the trade globalization. Many studies employ cross-country data, but it could have serious problems in collecting statistical data. Korean data is used over the time period of 1990-2015 in this study.