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A Contemporary Look at the Social Consequences of Globalization

Author

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  • Simeon Simeonov

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

In addition to socio-economic positives, the transition towards a more unified global market also presents systemic challenges for individual consumers, companies and governments. The globalization processes encourage industrial and economic activities resulting in various negative consequences of a predominantly social nature such as: loss of national sovereignty; offshoring and job losses; poverty and growing inequality in terms of earnings; environmental and climate changes. The present article offers a contemporary look at their development and significance for preserving life on our planet.

Suggested Citation

  • Simeon Simeonov, 2021. "A Contemporary Look at the Social Consequences of Globalization," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 52-69, September.
    • Handle: RePEc:nwe:iisabg:y:2021:i:3:p:52-69
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    More about this item

    Keywords

    globalization; environment; international business; socio-economic consequences; offshoring;
    All these keywords.

    JEL classification:

    • F0 - International Economics - - General
    • F6 - International Economics - - Economic Impacts of Globalization
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment
    • F66 - International Economics - - Economic Impacts of Globalization - - - Labor

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