Business & finance 4-2 activity: critical analysis: reimagine

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Overview

For this activity, you will consider influences on constructive engagement with your topic. You will also suggest ways that critical analysis can be used to meet personal and professional goals. This activity contributes to your draft of the Critical Analysis section of your project. It also provides an opportunity to obtain valuable feedback from your instructor that you can incorporate into your project submission.

Directions

In this activity, you will work on the second part of the critical analysis of your topic in globalization. You should consider the feedback from your instructor on the previous activities to inform this assignment. Throughout the writing process, you will support your analysis with reliable evidence from varied sources. You should continue to gather the sources you will integrate into your project. These sources will include two resources from the module resource sections of this course and two resources that you find through your own research using the Shapiro Library. It may be beneficial to identify more than the number of sources required for the project so that you can eventually choose the most useful and credible ones. For this activity, you will assess factors that may influence constructive engagement with your topic and then explain one potential obstacle that could interfere with that engagement. Finally, you will recommend strategies for using critical analysis skills for meeting personal and professional goals.

You are not required to answer each question below the rubric criteria but may use them to better understand the criteria and guide your thinking.

Specifically, you must address the following rubric criteria:

  1. Integrate reliable evidence from varied sources throughout your paper to support your analysis.
    1. It is important to draw from a more diverse pool of perspectives from varied sources to support the analysis. This is different from the Citations and Attributions rubric criterion.
    2. Reliable evidence from varied sources should be interwoven throughout the paper itself, while citing and attributing sources will be represented as APA in-text citations and a reference list at the end of your work.
    3. You will be evaluated on both criteria.
  2. Assess at least two significant factors that could impact your topic, such as biases, beliefs, assumptions, and/or values.
    1. Determine factors that might influence society’s engagement with your topic. What might impact their perceptions of the topic or how they talk about it?
  3. Explain how at least one potential obstacle could interfere with the population’s engagement with your topic.
    1. In the previous activity, you identified elements of your topic that present opportunities for change. Now, determine a possible obstacle that could interfere with this constructive engagement.
  4. Recommend strategies for using this kind of critical analysis for meeting your personal and professional goals.
    1. Consider the skills you have developed in the process of doing critical analysis as strategies for understanding your goals. How might those skills be used to address issues in globalization? How could they be used to address the day-to-day responsibilities or questions faced by yourself as well as practitioners in your field or discipline?

What to Submit

Submit your short paper as a 1- to 2-page Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins. Sources should be cited according to APA style. Consult the Shapiro Library APA Style Guide for more information on citations.

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3-2 Activity: Critical Analysis

Cole Staats

Southern New Hampshire University

IDS-401 Global Society

Amber Logan

March 19, 2023

3-2 Activity: Critical Analysis

There are four lenses in general education: the humanities, the natural and applied sciences, the social sciences, and history. These four lenses have different outlooks that help us study the world and improve our understanding of how people live and how we can improve our lives. They are also crucial to analyzing various events around the globe or programs within the academic field. The following paper will analyze income inequality through the social sciences lens to determine its effect on different institutions.

Income inequality is prevalent today, and understanding it is central to the social sciences. Income inequality is the uneven distribution of income throughout a population. It often goes hand in hand with wealth inequality – the uneven distribution of wealth in a community. The social sciences lens revolves around the relationship between individuals in societies. It looks at our social associations, relations, and communities. According to social sciences, income inequality is a result of stratification. Most societies are divided into social classes based on gender, socioeconomic status, and race. Stratification leads to income inequality when income is distributed according to the individual’s position in the social hierarchy. According to Nalani et al. (2021), social scientists can help reduce income inequality through research evidence.

Income inequality affects different institutions, including the economy, education, and community. For instance, income inequality boosts economic growth at low-income levels by expanding investment in physical capital. As income levels go up, physical capital becomes less important than human capital, and income inequality will impede economic growth by interfering with human capital accumulation (Shen &Zhao, 2022). Equally, income inequality can negatively impact education. It is also associated with higher rates of social and health problems, less happy people, and high poverty rates in the community.

As mentioned above, the topic that will be analyzed is income inequality. The question that needs to be asked about income inequality as it pertains to globalization is; how do high levels of income inequality discourage the accumulation of skills, stifle economic and social mobility, stunt human development, and, as a result, depress the economy? Analyzing income inequality at this level will provide the guidance needed to analyze this topic effectively and critically. According to Ratan et al. (2019), the question identifies the problem or issue to be studied and helps construct a logical argument. With that said, if a wealthy country were to increase its imports of manufactured goods produced largely by low-skilled labor from developing countries, this would reduce wage inequality there (Hauk, 2019). However, it improves prospects for exports from high-tech industries that rely heavily on highly skilled workers (Hauk, 2019).

Critical analysis of globalization comes with both positive and negative effects. Specifically, critical analysis lets us learn about globalization and its positive impact on people’s lives. Examples of the positive impact of globalization are access to new cultures, the spread of technology and innovation, higher standards of living across the globe, and access to new markets (Velocity Global, 2020). Nevertheless, a critical analysis of globalization may bring to light the challenges that affect globalization. Examples of the challenges of globalization are income inequality, immigration challenges, local job loss, increased competition, loss of cultural identity, and labor exploitation, causing people to oppose globalization (Velocity Global, 2020).

Globalization has significantly influenced social practices, including communication, governance, and cultural expression. Now we can easily connect and communicate with people in other countries. The internet, fiber optics, and satellites make it effortless to communicate with those in different locations and time zones. Equally, globalization has led to the spread of technologies, social networks, and ideas – all of which directly influence governance (Amavilah et al., 2017). Furthermore, globalization has led to the exchange of cultural values and traditions between different countries, changing how people express their traditional culture.

References

Amavilah, V., Asongu, S. A., & Andrés, A. R. (2017). Effects of globalization on peace and stability: Implications for governance and the knowledge economy of African countries. 
Technological Forecasting and Social Change
122, 91-103.

Hauk, W. R. (2019, January 30). Globalization and Inequality: Sharing Wealth One of Society’s Greatest Challenges. The Globe Post. Retrieved March 18, 2023, from
https://theglobepost.com/2019/01/30/globalization-inequality/#:~:text=Globalization%20can%20increase%20wage%20inequality,use%20more%20high%2Dskilled%20labor.

Nalani, A., Yoshikawa, H., & Carter, P. L. (2021). Social science–based pathways to reduce social inequality in youth outcomes and opportunities at scale. 
Socius
7, 23780231211020236.

Ratan, S. K., Anand, T., & Ratan, J. (2019). Formulation of research question–Stepwise approach. 
Journal of Indian Association of Pediatric Surgeons
24(1), 15.

Shen, C., Zhao, X. (2022). How does income inequality affect economic growth at different income levels?
Economic Research-Ekonomska Istraživanja, 36(1)

Velocity Global (2020, March 30). Globalization Benefits and Challenges. Velocity Global. Retrieved March 18, 2023, from
https://velocityglobal.com/blog/globalization-benefits-and-challenges/

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2-2 Activity: Topic Introduction

Cole Staats

Southern New Hampshire University

IDS-401 Global Society

March 10, 2023

2-2 Activity: Topic Introduction

Income Inequality

Globalization is a new phenomenon that describes how nations can relate to one another. By definition, globalization is the increasing interconnection of populations, cultures, and economies across the world. It occurs through the movement of goods and services, technology, ideas, and information across national borders. Globalization provides access to new cultures. It also facilitates the spread of innovation and technology. Furthermore, globalization provides access to new markets and talent. Although globalization has facilitated free trade and made countries more interdependent, it has promoted income inequality among racial minority groups.

Inequality is a critical social issue in most societies. It is associated with various social and health problems today. Income inequality is the common form of inequality, which describes how income is unevenly distributed in a given society. Income inequality has risen since the seventies (Tica et al., 2022). In the past few decades, income inequality has increased in almost all nations, but its speed is dependent on economic policy and institutions. Income inequality is caused by different factors, including technological progress, racial segregation, government policies, and, most importantly, trade globalization. Trade has facilitated growth in most countries by enhancing efficiency and competitiveness. However, increased trade between countries, as well as increased financial flows, partly facilitated by advancements in technology, are often driving income inequality (Dabla-Norris et al., 2015). Offshoring and the ability of companies to use labor-saving technologies in advanced countries have been associated with increasing skill premiums and a decline in manufacturing. Increasing skill premium is linked to the widening income inequality in advanced countries.

In the United States, racial minority groups are directly affected by income inequality. The income disparity between African Americans and their white counterparts has been persistent and extreme for decades. But currently, income inequality is rising rapidly among American Asians. Reports show that labor income among lower-income Asians is trailing behind income earnings generated by their counterparts in other racial groups (Kochhar & Cilluffo, 2018). Increasing income inequality is a significant issue because of its economic and social effects. Individuals at the bottom rungs of the income ladder have fewer economic opportunities. Several research studies also reveal that rising income inequality can severely affect economic growth by decreasing consumption spending and increasing borrowing among lower- and middle-income individuals.

Society has significantly influenced income inequality. Most societies are organized by hierarchies of race, gender, and class. The social organization signals that resources and wealth are unjustly or unevenly distributed among individuals in modern society. This contributes to inequalities between genders, racial groups, and social classes in terms of income, wealth, and other factors.

There are four general education lenses: the humanities, history, the natural and applied sciences, and the social sciences. I will analyze my topic through the social science lens. Social science looks at the relationship between individuals in societies. It defines inequality as something not equal, particularly in opportunities, rights, and status. Social science research can play a critical part in identifying the origin, extent, and effect of inequalities, such as income inequality.

References

Dabla-Norris, E., Kochhar, K., Suphaphiphat, N., Ricka, F., & Tsounta, E. (2015). Causes and Consequences of Income Inequality: A Global Perspective (1st ed.). International Monetary Fund.
https://www.imf.org/en/Publications/Staff-Discussion-Notes/Issues/2016/12/31/Causes-and-Consequences-of-Income-Inequality-A-Global-Perspective-42986

Kochhar, R., & Cilluffo, A. (2018, July 12). Income Inequality in the U.S. Is Rising Most Rapidly Among Asians. Pew Research Center. Retrieved March 10, 2023, from
https://www.pewresearch.org/social-trends/2018/07/12/income-inequality-in-the-u-s-is-rising-most-rapidly-among-asians/

Tica , J., Globan , T., & Arčabić, V. (2022). Managing the impact of globalization and technology on inequality. Economic Research-Ekonomska IstražIvanja, 35(1), 1035-1060.
https://doi.org/10.1080/1331677X.2021.1952466

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