Globalization and Factor Mobility

Abstract

A large number of works have been done about globalization via factor mobility and its various effects on the global
world economy. This paper aims at discussing the most important aspects of globalization and factor mobility, andits major
impact on the World at large. In the first section of this report, the concepts of globalization and factor mobility are identified,
while in the second section forces causing the accelerated growth of globalization are discussed. Then, the author thoroughly
identified and discussed the advantages and disadvantages of globalization, and the main challenges facing the idea. The
remainder of the report discusses factor mobility in four folds, i.e. forms of factor mobility, why factor of production move, the
effect of their movement in the world, and finally, the relationship between factor mobility and global trade. The report concludes
with the author’s recommendations and suggestions on how to counter the challengesof globalization while maintaining
individual nation’s ability to reap all its magnificent benefits. Upon completion of reading this report, readers are expected to have
a deeper and better understanding of the concept of globalization as related to factor mobility.
Keywords: Globalization, Factor Mobility, Capital, Labour, Raw material, Technology and Trade