To add further evidence to this opinion of Ege,Asli;Nohra,Fouad explaining the Arab Revolution
within the Context of Globalization in the Middle East using the KOF index of
globalization and its disaggregate components along with the new FACB rights data
set, I find positive effects of aggregate globalization and social globalization on
aggregate FACB rights as well as on laws and practices of FACB rights in a sample
of 142 developing countries over the 1985 to 2002 period. The positive effect of
economic globalization is sensitive to the estimation technique used, while political
globalization remains statistically insignificant.
Globalization offers a boundless opportunity for business endeavors to develop their trade all over the world. Ways in which trade can be linked to globalization. The first way may include the exceptional progress of foreign direct investment. This has been enabled by ease of internet accessibility all over the world. Secondly, there could be increased competitive advantage, through specialization and division of labor, as different countries can specialize on what they can produce best. The growth of technology innovation has also been influenced by trade on globalized scale. Additionally, service industries, which includes financial, managerial, legal and information, has also been growing to the advantage of globalization.