SocialEconomic and Globalization
Globalizationis a process of collaboration and incorporation among people,enterprises, and governments of different countries. It is driven byglobal trade and investment and supported by information expert.Socio-economic, on the other hand, is the social skill that educateshow financial activity affects and is molded by collective processes.
Issuesaffecting Socio-economic and Globalization
Povertyis the primary issue that affects socio-economic and globalization.According to Parthasarathy (2015), a family making less than 23,492dollars per year is considered inferior. Further, as per the 2012census, conducted in India, 46.5 million people lived in poverty andthey struggled to make ends meet (Parthasaraty, 2015). Similarly,health inequalities have a significant impact on globalization.Individuals from low socio-economic status are less likely to get thesame admission and services, in hospitals, as compared to those fromaffluent families thus, the former category is liable to develophealth difficulties. Also, the poor, most probably, are not capableof paying for gym participation or workout equipment (Hoeb-ur-Rahman,Ishaq-ur-Rahman, and Hossain, 2013). They also live in an area wherethe environment is unconducive and unfriendly. For instance, mostpeople in Bangladesh are exposed to environmental pollutants andsuffer from unbalanced diets as well as health conditions(Hoeb-ur-Rahman et al., 2013).
Additionally,little or no learning achievement among most children has an immenseimpact on globalization. Undeniably, education is both an origin andan outcome of socioeconomic standing. Analysis of research shows thatneither the society nor families of deprived students have enoughmoney to spend in their school (Thaver and Mahlck, 2012). Consequently, such individuals lack appropriate skills necessary foremployment
Indeed,globalization has brought immense changes it has permitted markets,lessened transmission of work, and decreased costs toil, boostedliving standards for more than 1 billion individuals from poverty, aswell as bonded countries, persons and values.
Balestrini,P. P. (2014). How Do the Levels of Education and Occupations ofCitizens Interact with the National Socio-economic Context toInfluence Public Opinion on Globalization. Politics,34(1),6-22. doi:10.1111/1467-9256.12001.
Hoeb-ur-Rahman,M., Ishaq-ur-Rahman, M., & Hossain, M. S. (2013). Education inEmergency: A Climate Change Adaptation Agendum towards theSocio-Economic Propagation of Bangladesh. Annalsof the University Of Oradea, Geography Series / AnaleleUniversitatiiDin Oradea, SeriaGeografie,23(1),55-61.
Parthasarathy,D. (2015). The Poverty of (Marxist) Theory: Peasant Classes,Provincial Capital, and the Critique of Globalization in India.Journalof Social History,48(4),816-841. doi:10.1093/jsh/shv044.
Thaver,B., & Mählck, P. (2012).Globalization, diversity and academicpractice: reflections from South Africa and Sweden. SouthAfrican Review of Sociology,39(2),361-379.