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Aspects of Globalization: Spotlight on Latin America

In: Globalization and Development

Author

Listed:
  • Shamim Siddiqui

    (HBMSU)

  • Nishat Tasnim

    (Shahjalal University of Science and Technology (SUST))

  • Munshi Naser Ibne Afzal

    (HBMSU
    Shahjalal University of Science and Technology (SUST)
    University of Southern Queensland)

  • Susmita Dutta

    (Shahjalal University of Science and Technology (SUST))

Abstract

Globalization is the process of interconnection of the world. Latin America embraces cultures and territories of different nations. Therefore, these countries are connected in multidimensional way since the 1980s, which is the initiation time of globalization of Latin America. The components of multidimensionality include language, religion, culture, eating habit, sports, trade, etc. The positive effects of globalization include trade, production, labour market, and demographic improvement, while the negative effects comprise of divergence of communities, increased transitional, cross-border and rural–urban migration, and infrastructural deficit. However, in recent times, Latin America has been facing the reduction of the benefit of globalization for various reasons. This backwardness can be mitigated by filling up the gap between policy formulation and that of implementation. A snapshot of globalization of Latin America is described in the rest of the chapter.

Suggested Citation

  • Shamim Siddiqui & Nishat Tasnim & Munshi Naser Ibne Afzal & Susmita Dutta, 2019. "Aspects of Globalization: Spotlight on Latin America," Contributions to Economics, in: Nezameddin Faghih (ed.), Globalization and Development, pages 411-420, Springer.
    • Handle: RePEc:spr:conchp:978-3-030-14370-1_18
    DOI: 10.1007/978-3-030-14370-1_18
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    Cited by:

    1. Baselga-Pascual, Laura & Vähämaa, Emilia, 2021. "Female leadership and bank performance in Latin America," Emerging Markets Review, Elsevier, vol. 48(C).

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