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What are the implications of globalization on sustainability?-A comprehensive study

  • Sai Tang*
  • , Zhuolin Wang
  • , Gengqi Yang
  • , Wenwen Tang
  • *Corresponding author for this work
  • Harbin Finance University
  • Harbin Institute of Technology

Research output: Contribution to journalArticlepeer-review

Abstract

It is becoming more and more certain that globalization is not just purely an economical phenomenon; it is exhibiting itself on a worldwide level. Amid globalization's observable appearances, the most obvious are the larger international mobility of goods and services, flows of finance capital, data and information and most importantly people. On top of that, there are technological progresses and more international cultural interactions, which are facilitated by the enhancement of free trade of large quantities of more differentiated goods and also through immigration and tourism. The political changes and ecological concerns play an important part in this regard. In the current study, sustainability Indices are linked with the KOF Globalization Index to understand if more globalized countries are performing better in terms of sustainable development and its dimensions, especially environmental sustainability. Sustainability indices such as Human Development Index (HDI) and Environmental Performance Index (EPI) showed a stronger relation with different levels of globalization while others (Red List Index (RLI), Environment Sustainability Index (ESI)) did not. The results reveal that globalization has a positive implication on sustainability in the overall perspective.

Original languageEnglish
Article number3411
JournalSustainability (Switzerland)
Volume12
Issue number8
DOIs
StatePublished - 1 Apr 2020

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

  1. SDG 7 - Affordable and Clean Energy
    SDG 7 Affordable and Clean Energy
  2. SDG 10 - Reduced Inequalities
    SDG 10 Reduced Inequalities

Keywords

  • Environmental sustainability
  • Globalization
  • Indicators
  • Sustainable development

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