This activity will enable you to
•Provide a variety of perspectives on the different dimensions and complexity of globalization..
•Analyze significant economic questions according to the standards of the discipline in at least three broad subfields of economics, such as, applied microeconomics, global and macroeconomics, econometrics and finance. (Economics Major Outcome #3).
Answer the question below based on "Globalization`s Discontents" by Joseph Stiglitz (Chapter 27 of the textbook).
Video: ◦Stiglitz on Globalization [Video file][48:28 min]
According to Stiglitz, what are the "discontents" and the "darker side" of globalization? How does he assess the consequences of market liberalization? What does he mean by "governance through ideology," and what should replace it?
The paper, not including the cover page, should be 1200–1500 words in length, double spaced in 12–point font.
Mod 3 Assignment 1: Project 2: Globalization Name: Institutional Affiliation: Globalization Discontents and Dark Sides of Globalization According to Stiglitz, globalization has had some adverse effects on the world nations, despite the preaching of positive impacts across the board. The dark side and discontents for that matter are the market elements at a global level when pursued through financial institutions. The most vocal of all organizations for that matter is the International Monetary Fund. In the process of trying to achieve uniformity, unity and the solid representation of all systems, globalization has failed in the financial as well as capital markets (Stulz, 2013). The most affected by the above measures are the developing nations when compared to the first world countries. The risk transferred to the developing countries is to the extent of the commensurate rewards, when analysis of all performance levels is taken into account. Logically, the nature of the third world countries’ economies has been subjected to risks throughout the process of integrating and unifying of the globalized intentions. There is a lack of rewards being accessed by the third world nations, despite the influx of monetary outpour from their counterparts of the developed kind. With easier forms of boosts, uplifts and loans to secure even the little forms of stability, the nations are then left vulnerable to insecurities. The uncertai