Corporate Wealth and Socioeconomic Conditions: How Globalization affects Domestic Economies

Abstract

This study supports globalization, and concludes that the use of the Internet, the arrival and departure of tourists, and the quantum of external trade play significant in the alleviation of poverty, improving decent employment, and improving domestic businesses. The major contribution of foreign direct investment is derived through improvement in local businesses. Growth in merchandising trade alleviates vulnerable employment. The effectiveness of monetary policies has also been confirmed in this analysis. The panel least square techniques have been applied to estimate the effects of explanatory variables. This research is based on 14 years of data from 187 countries.

Keywords

• De-globalization
• Market capitalization
• Monetary policy
• Poverty
• Vulnurable employment

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