Cambridge: National Bureau of Economic Research. The garment industry in Bangladesh, for instance, employs an estimated four million people, but the average worker earns less in a month than a U.S. worker earns in a day. In their study, they used life expectancy at birth and child mortality variables for 146 countries as indicators of health outcomes. Constant and trend are both considered in the analysis of cointegration, and critical values are obtained from 5000 bootstrap replications. The largest job creation and destruction effects come from environmental, technology and economic trends. According to ARDL estimation results, life expectancy is positively associated with higher levels of globalization. In the estimation of the long-run relationship between the variables, second-generation panel data analysis methods that consider cross-sectional dependency are used. (2020). Therefore, in order to determine the existence of a long-run relationship, we applied Westerlund and Edgerton (2007) panel cointegration test. Moreover, this effort supports economic growth in developing countries. Health in an age of globalization (No. In some cases, this may contribute to improved health by enabling a more varied and healthier diet; in others, it is blamed for increases in unhealthy food consumption and diabetes.DownsidesNot everything about globalization is beneficial. On the relationship between globalization and life expectancy. In conclusion, no contradiction was found between SDG3 and SDG17 in those countries. Econometric analysis of panel data. Positive and Negative Effects of Social Media in Globalization The massive number of ideas that people share through such platforms as Twitter and Facebook has noticeably influenced a change in lifestyles, preferences, political ideologies and academic achievements, both for the positive and negative. Therefore, in order to make a methodological contribution to previous literature, we used second-generation panel time series methods considering cross-sectional dependence. Positive and negative aspect of globalization in tourism This is because globalization enables economies to compete fairly at all levels, hence attracting investors. American Economic Review, 105(5), 100104. This integration has both positive and negative effects. This index has been used in previous literature as a proxy of SDG17 (Saint Akadiri et al. B., & Vadlamannati, K. C. (2011). However, according to Kabir (2008), people living in an urban area can benefit from improved medical care, easy access to pharmacy, and to the hospitals that use higher technology. Increased Transport of Goods One of the primary results of globalization is that it opens businesses up to new markets in which they can sell goods and source labor, raw materials, and components. In this study, the effects of globalization and democracy on life expectancy are empirically investigated in low-income countries. volume23,pages 1350813525 (2021)Cite this article. Globalization can benefit a country's economy in many ways: Increases economic growth. Barlow, R., & Vissandjee, B. The rejection of the null hypothesis shows that slope coefficients of Eq. Globalization can play an important role in improving the health conditions of low-income countries to the extent that it can provide these linkages. In the selection of panel data estimation methods, the results of those preliminary analysis are taken into account. Rao, B. First, we provide a new perspective in the context of sustainable development goals. According to the results, globalization significantly reduces child mortality. 5. Beck, T., Maimbo, S. M., Faye, I., & Triki, T. (2011). (2006). The result is more jobs in countries where jobs are needed, which can have a positive effect on the national economy and result in a higher standard of living. Due to the high cost of advanced drugs as in the case of antiretroviral therapy, it should be accepted that people in low-income countries will have trouble accessing the drugs (Buss 2002). Cutler, D., Deaton, A., & Lleras-Muney, A. The null and alternative hypothesis for both test statistics is given below. Gelleny, R. D., & McCoy, M. (2001). The resulting spread of slavery demonstrates that globalization can hurt people just as easily as it can connect people.The rate of globalization has increased in recent years, a result of rapid advancements in communication and transportation.
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