IMPACT OF GLOBALIZATION ON QUALITY OF LIFE

Globalization is nowadays again gaining popularity especially in developing country but the process of globalization is complex. This study is explored the impact of globalization on quality of life an investigation for Pakistan. Time series analysis is used in this study for computing globalization impact on quality of life from the period of 1980 to 2016 of Pakistan. The main objective of this study is to investigate the impact of globalization on quality of life in developing country like Pakistan. This study conceptualized the globalization into three major components the first Economics globalization, second political globalization and third social globalization and the one more step is taken to observe the overall globalization with use of KOF index of 2013. Johenson co integration method is used to show the strong positive and negation effect of globalization on quality of life. In order to measure the quality of life in this study three variables per capita income, life expectancy and school enrolment are used. To check the stationary level of the variables, augmented dickey fuller test is applied. In order to investigate the relationship among the variables, the study is used the long run co-integration