GLOBALISATION
GLOBALISATION
Globalization - the 'big idea' of the late twentieth century - lacks precise definition.
More than this, it is in danger of becoming, if it has not already become, the cliché
of our times. Nonetheless, the term globalization captures elements of a
widespread perception that there is a broadening, deepening and speeding up of
world-wide interconnectedness in all aspects of life, from the cultural to the
criminal, the financial to the environmental. At issue appears to be 'a global shift';
that is, a world being moulded, by economic and technological forces, into a
shared economic and political arena. Behind the rhetoric of globalization - rhetoric
found in public as well as academic debate - lie three broad accounts of the nature
and meaning of globalization today, referred to here as the hyperglobalist, the
sceptical, and the transformationalist views.
Hyperglobalists argue that we live in an increasingly global world in which states
are being subject to massive economic and political processes of change. These
are eroding and fragmenting nation-states and diminishing the power of
politicians. In these circumstances, states are increasingly the 'decision- takers'
and not the 'decision-makers'.
The sceptics strongly resist this view and believe that contemporary global
circumstances are not unprecedented. In their account, while there has been an
intensification of international and social activity in recent times, this has
reinforced and enhanced state powers in many domains.
Nature of Globalization:
Modern globalization:
Globalization in the era since World War II is largely the result of planning by
economists, business interests, and politicians who recognized the costs associated
with protectionism and declining international economic integration. Their work
led to the Bretton Woods conference and the founding of several international
institutions intended to oversee the renewed processes of globalization, promoting
growth and managing adverse consequences.
Since World War II, barriers to international trade have been considerably lowered
through international agreements - GATT. Particular initiatives carried out as a
result of GATT and the World Trade Organization (WTO), for which GATT is
the foundation, have included:
The use of the term globalization (in the doctrinal sense), in the context of these
developments has been analysed by many including Noam Chomsky who states
Critics have observed that the term's contemporary usage comprises several
meanings, for example Noam Chomsky states that:
The term "globalization," like most terms of public discourse, has two meanings:
its literal meaning, and a technical sense used for doctrinal purposes. In its literal
sense, "globalization" means international integration. Its strongest proponents
since its origins have been the
Effects of globalization:
Globalization has various aspects which affect the world in several different ways
such as:
DIMENSIONS OF GLOBALISATION
Political Globalization
In other words, just as modernization was the era of the nation-state, globalization
is the era of multilayered governance. Power is differentially exercised at the
local, national, regional, or global level. In addition, non- state actors, such as
corporations, public and private non-governmental organizations (such as human
rights or environmental organizations), what is often called the global civil
society, also demand seats at the table when treaties are negotiated.
nvironmental degradation occupy the forefront of global political issues.
Economic Globalization
Capitalists, investors and TNCs are among the winners of the global casino,
whereas workers and developing countries are generally on the losing side. For
instance, if the government of a developing country wants to attract corporate
investment, it has to make itself attractive, that is, remove restrictions such as
labor laws, health and environmental regulations and impose minimal taxation.
Such policies further deteriorate the living conditions of the majority of the
population and limit the government8s ability to provide social services and may
potentially destabilize the country.
Cultural Globalization
Ideological Globalization
For globalists, ultimately, if we let the markets work their magic, then everyone
will reach a standard of living comparable to that of the western countries.
However, as was already mentioned and will be developed in Part III,
globalization does produce increasingly wealthy winners and
As more nations, people, and cultures adapt to the ever changing international
community, diplomats, politicians, and representatives must meet and deal with
accordingly to the needs and wants of nations. Diplomacy can be exerted in
many forms; through peace talks, written constitutions, field experiences, etc.
Culture is a familiar term and remains unchanged by definition. However,
globalization and international relations have constantly altered culture both
positively and negatively.
also, however, signifies a new paradigm within world politics and economic
relations. While national governments for many years dictated the international
political and economic scene, international organizations such as the World
Bank, International Monetary Fund and the World Trade Organization have
The Advantages include GDP Increase; statistics shows that GDP in developing
countries has increased twice as much as before. Unemployment is reduced.
The Corporations have greater flexibility to operate across borders. Global mass
media ties the world together.
Introduction:
1. Economic Interdependence:
At the same time, globalization has also created new challenges for
international relations, including the rise of populist movements, the
proliferation of non-state actors, and the increasing fragmentation of
global governance. These challenges have made it more difficult for
international institutions to coordinate and implement global policy, and
have created new opportunities for powerful actors to shape global policy
in their own interests.
3. Cultural Exchange:
4. Technological Advancements:
Conclusion: