A strategy to shield society from the negative impacts of globalization is urgently needed.Д«ahrain traditionally has had an open economy for trade, investment and exchange. There are increasing confrontations and tension between the impoverished groups and security forces. However, along with the increasing numbers of millionaires the middle class is shrinking and the lower class is becoming impoverished. The BahrainвЂ™s economy is growing, along with per capita income. The World Economy, 2(34), 265-297.The impact of globalization on Bahraini people The interdependence between nations cause instabilities in cases of world wide fluctuations. Such huge markets enable large companies to realize the economies of scale even though the development may have small investments. The foreign direct investments have shown drastic increments of growth that facilitate the industrial setups and technological improvement by ensuring improved firms globally.ДЇurthermore, the improvement of competition structures trigger establishment of new technologies especially in respect to the world trade. In essence, it makes marketing more efficient through elevating competitions, limiting the military conflicts, and distributing wealth in equal rations throughout the world. This case is no different from other cases throughout the globe.Д®conomists support the argument that individual economies are facing growth in respect to the prevailing globalization. For instance, the report from Federal Reserve Bank of San Francisco affirms that about 36% of shoes and clothes arriving in the US markets originate from China. Even when people from the United States may not know where Beijing is located, they are purchasing items processed from this place within China. Globalization has influenced modern life in many ways. Furthermore, globalization drives diseases across nations facilitating their spread and raising the death toll of hazardous or pandemic diseases. It is the master mind behind sparsely populated real estate formed besides densely populated slums. The gap impending gap between the rich and poor is elevating where rich people become richer and the the poor ones grow poorer and miserable. It is argued that globalization is a key aspect introducing distinct classes associated to inequalities in income. The positive and negative effects of globalization on the economic development are presented in such aspects as outsourcing where jobs benefit a population of people from one nation but not the other. This sharing evolved a geometric expansion of the economic developments. The machines and ideas were sold and bought across the globe. The most astonishing factor is the fact that these innovations became globalized and shared between nations. New developments regarding the transport machines were introduced including the electric trains, cargo ships with powerful engines, and planes equipped for air deliveries (Tyers & Ying, 2011). In fact, transport route became mapped properly with direct ways taking less time like the journey around Africa through the Cape of Good Hope. The cost of trade became low when ships and communication networks proved reliable. This aspect implied that globalization began during the 19 th century when the usual international trade advanced into globalization (Pugel, 2012). The information technology made the purchase of products overseas more accessible and highly deliverable as compared to the periods before the 19 th century. Goods were transported from one point to another within a very short period. It became reliable when massive and reliable technology in mechanical and information engineering had developed to a great extent. In fact, researchers argue that the ability to globalize make nations outstanding and economically advantaged.Д®ssentially, globalization arose with the advancement of technology. In this light, the interconnection between nations is a vital aspect boosting economic development. These resources allow the nation to present itself as a competitor among others. Economic development is directed by the use of the resources found in a nation. The economic boundaries as distinguished by countries have profound effects where some nations remain poor while others advance.

Effects of globalization pdf