The Impact of Globalization on Sustainable Economic Development

Abstract

Globalization has significantly influenced economic growth across borders, so constructing the structure of international trade, financial markets, and technological advances. Globalization has brought worries about income inequality, degradation of the environment, and economic reliance even though it has brought lower poverty, more productivity, and economic progress. This paper investigates, by means of economic, social, and environmental aspects, the link between globalization and sustainable economic development. By use of a mixed-methods approach comprising statistical analysis and case studies, the research emphasizes the opportunities and challenges presented by globalization in reaching long-term sustainability. The results imply that minimizing negative impacts and utilizing the benefits of globalization for sustainable development are predicated vitally on carefully designed policies and international cooperation.