In essence globalization has had remarkable

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In essence, globalization has had remarkable contributions in shaping the global economic space and the political atmosphere. This involves transfer of wealth and capital from developed countries to less developed countries through comparative advantage. Furthermore, globalization has opened political systems that has brought accountability in leadership and governance following the democratization and liberalization of world political systems. Reference Baek, I., & Shi, Q. (2016). Impact of Economic Globalization on Income Inequality: Developed Economies vs Emerging Economies. Global Economy Journal, 16(1), 49-6 Bello, W. (2008). Globalization and the third world: a study of negative consequences. Buckley, P. J., & Ghauri, P. N. (2004). Globalization, economic geography and the strategy of multinational enterprises. Journal of International Business Studies, 35(2), 81-98. Schneiderman, D. (2008). Constitutionalizing economic globalization: Investment rules and democracy's promise. Cambridge University Press. Ursul, A. D., Kiss, E., Chumakov, A. N., Leonova, O. G., Weiming, T., Kirchschlaeger, P. G., ... & Sheffield, J. (2014). Globalists and Globalization Studies: Aspects & Dimensions of Global Views. Uchitel Publishing House.
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