Alternative component of globalization
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Economic and social development of Ukraine in XXI century: national vision and globalization challenges: Collection of scientific articles – Draft2Digital Publishing House
Abstract
The understanding of globalization is composed due to main its four phases. The driving forces of globalization is provided into observation of George Yip’s proposed model. Creation FDIs positive employment impacts is recognize through job creation within suppliers and retailers and a tertiary employment effect through creating additional incomes and growing aggregate demand. The achievement of poverty reduction is outlined as a way to social transformation of globalization beyond the employment, working dimensions, income and social protection.
Description
The current model of the world economy must absorb all the positive qualities inherent in globalization and at the same time propose the solutions of current problems and gaps. Alterglobal model should be the implementation of new principles of global system that will be based on the principles of social partnership, social protection. the process of alterglobalization aimed the protection of identity, implementation of convergence model and relations with the opponent, realization the alternative model of society. The process should include reconstruction of global economic institutions that are associated with the economic asymmetry and social injustice.