Focusing on the multifaceted impacts of globalization, this seminar paper critically analyzes its effects on the world economy. It explores both the positive outcomes, such as increased prosperity and social justice, and the negative consequences that can arise. The paper examines the essential characteristics of globalization, its consequences, and identifies who benefits and who suffers from this global phenomenon. Concluding with a summary of findings, it encourages a balanced view of globalization's role in shaping a more equal world.
