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What Are the Implications of Globalization on Sustainability?—A Comprehensive Study

Author

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  • Sai Tang

    (School of Humanities, Social Science and Law, Harbin Institute of Technology, Harbin 150001, China)

  • Zhuolin Wang

    (Department of Accounting, Harbin Finance University, Harbin 150040, China)

  • Gengqi Yang

    (School of Humanities, Social Science and Law, Harbin Institute of Technology, Harbin 150001, China)

  • Wenwen Tang

    (School of Humanities, Social Science and Law, Harbin Institute of Technology, Harbin 150001, China)

Abstract

It is becoming more and more certain that globalization is not just purely an economical phenomenon; it is exhibiting itself on a worldwide level. Amid globalization’s observable appearances, the most obvious are the larger international mobility of goods and services, flows of finance capital, data and information and most importantly people. On top of that, there are technological progresses and more international cultural interactions, which are facilitated by the enhancement of free trade of large quantities of more differentiated goods and also through immigration and tourism. The political changes and ecological concerns play an important part in this regard. In the current study, sustainability Indices are linked with the KOF Globalization Index to understand if more globalized countries are performing better in terms of sustainable development and its dimensions, especially environmental sustainability. Sustainability indices such as Human Development Index (HDI) and Environmental Performance Index (EPI) showed a stronger relation with different levels of globalization while others (Red List Index (RLI), Environment Sustainability Index (ESI)) did not. The results reveal that globalization has a positive implication on sustainability in the overall perspective.

Suggested Citation

  • Sai Tang & Zhuolin Wang & Gengqi Yang & Wenwen Tang, 2020. "What Are the Implications of Globalization on Sustainability?—A Comprehensive Study," Sustainability, MDPI, vol. 12(8), pages 1-11, April.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:8:p:3411-:d:348765
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    5. Lotfi Mekhzoumi & Nadjoua Harnane & Abdellah Ayachi & Okba Abdellaoui, 2022. "The Environmental Kuznets Curve Hypothesis in Industrialized Countries: A Second Generation Econometric Approach," International Journal of Economics and Financial Issues, Econjournals, vol. 12(2), pages 96-103, March.

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