Küreselleşmeyi̇ Etki̇leyen Faktörler: Kirilgan Beşli̇ Üzeri̇ne Bi̇r Uygulama

Abstract

Globalization is a term that includes many aspects of political, economic, cultural and social. It is used to express change under different headings and interactions. This change, which has to be kept up by the countries in the new world order, causes the need for globalization to increase. Technological advances help the integration of innovative ideas and new production techniques between countries. As a result, new global economic and social structures are emerging around the world. Globalization causes connections between societies and labor, capital and market structures to reach an international dimension. The value judgments and characteristics of societies can adapt to each other with globalization and contribute to the development of social interaction between countries. In this study, the effects of carbon dioxide emission, foreign trade, energy, inflation, political stability and local credits on globalization were tested by panel data analysis for fragile five countries in the period 2000-2017. The financial, environmental, political and economic aspects of globalization are discussed within the scope of the analysis. The causal tests between negative and positive shocks and hidden cohesion test were performed. According to the results, there is a lon-term relationship between globalization and Co2, inflation, foreign trade, local credits, political stability and energy shocks both in positive and negative shocks in fragile five countries. In addition, as a result of causality among negative shocks, there are two-way causality between globalization and Co2 variables, and between globalization and foreign trade variables, these is one-way causality from inflation to globalization,