• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

"Globalisation Is A Force For Good, Any Faults Lie With the Actions Of The Global North", Discuss.

Extracts from this document...

Introduction

"Globalisation Is A Force For Good, Any Faults Lie With the Actions Of The Global North", Discuss. The question is globalisation a force for good or bad has been looked at for a long period of time, focusing on the international economic system. Globalisation is an area of politics that has been very difficult to define as the term means many different things to many different people for example the term would be defined differently between activists against globalisation and people who are very much for globalisation. In this essay I will be looking at the pros and cons or globalisation, and will also be looking at the influence and the problems of major NGO's A definition of globalisation from English theorist Anthony Giddons is: "Globalisation can thus be defined as the intensification of worldwide social relations, which link distant localities in such a way that local events are shaped by events occurring many miles away and vice versa"1 An academic from Holland called Rudd Lubbers defines globalisation as: "a process in which geographic distance becomes a factor of diminishing importance in the establishment and maintenance of cross border economic, political and socio-cultural relations"2 For this essay globalisation will be the increased mobility of goods, services, labour, technology and capital around the globe through capitalism. ...read more.

Middle

Free trade restrains conflict by promoting interdependence i.e. oil and iron are necessary to fight a war, therefore if country A supplies country B with oil and country B supplies country A will iron, it will severely dissuade them from going to war with each other. In addition, with increased international investment we now own more of each other and therefore we are less likely to do damage to it. Due to the greater flow of money through non-governmental organisations there has been an increase world populations living above the poverty line. The increased number of multination corporations such as Starbucks has greatly assisted the flow of money Free economic interchange is also believed to promote democracy; many new democratic elections such as those in Indonesia and Mexico have come about through the countries exposure to free trade and capital movement. "people who operate in open economies eventually demand more open societies"5 The argument against globalisation can start with this quote. Unfortunately, investors have proven themselves willing to support oppressive regimes such as Saudi Arabia and Communist authoritarianism in China, just as long as these regimes open markets to foreign companies. ...read more.

Conclusion

It can be argued further that due to the fact that multinationals can have their countries create laws through the organisations they dominate they can effectively run sweat shops that treat workers no better than slaves. In conclusion we see that in theory globalisation is a force for good and it should bring prosperity to all regions throughout out the world and should succeed in bringing many above the poverty line. However, we see that it does have many major faults, mainly the fact that due to poor voting systems and unfair influence in these organisations, who claim to be promoting free trade, leads to the domination of economically smaller countries. Real power has moved from local to state, from state to national, from national to international, until finally representative democracy means voting for politicians every few years that use that mandate to transfer national powers to the World Trade Organisation and The International Monetary Fund.10 1 http://www.globalisationguide.org/01.html 2 http://www.globalisationguide.org/01.html 3The International Economy: A Global Road Map 4 www.sosig.ac.uk/roads/subject-listing/ UK-cat/capflo.html 5 George W Bush 6 "Fences And Windows" - Naomi Klein 7 "No Logo" - Naomi Klein 8 "Fences And Windows" - Naomi Klein 9 www.oxfam.org.uk/what_you_can_do/campaign/educationnow/downloads/imf_reform_0400.doc (IMF problems website) 10 "Fences And Windows" - Naomi Klein Adam Coppell International Relations 13 Dawson Dean Bowker Adam Coppell Page 1 5/10/2007 ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level UK, European & Global Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level UK, European & Global Economics essays

  1. Why has GDP growth been so slow in Somalia?

    Available: http://users.ox.ac.uk/~econpco/research/pdfs/EconomicCausesofCivilConflict-ImplicationsforPolicy.pdf 48 Lenntech. (2006). Environmental effects of warfare. Available: http://www.lenntech.com/environmental-effects-war.htm 49 World Bank. (2005). Conflict in Somalia: Drivers and Dynamics 50Kosuke Imai and Jeremy Weinstein. (2000).

  2. A Study of Globalisation - A study of multinationals and their effect on our ...

    'The richest fifth of the world have 80% of the world's income and the poorest fifth have 1%; this gap has doubled between 1960 and 2000' (United Nations 1999) largely due to the impacts of globalisation. As displayed above, multi-national corporations play a substantial role within the theory and practice

  1. To what extent has globalisation created a 'borderless world'?

    day, 7 days a week with few protections for health and safety. Such incidents were highlighted in the tragedy in Bhopal, India, where an explosion at a Western Electric plant seriously maimed many workers. However, due to lax safety laws, Western Electric simply closed the plant, without having to pay any costs of the damage the explosion caused.

  2. Where does the World Trade Organisation fit in the overall scheme of international public ...

    Of the rest, 9 articles sanction more-or-less detailed means of evading market access obligations (e.g. import quotas on balance of payments and infant industry grounds, safeguards, anti-dumping and countervailing duties, general waivers, waivers on national security and other public policy grounds, customs unions and free trade areas).

  1. Comprehensive Anatomy of China

    By 2004 China's estimated population has grown to 1,294,629,600. The country is showing signs of decreased population growth rates in conjunction with declining fertility and birth rates. Since the Chinese Communist Party came into rule in 1950, the average number of children born per woman during their lifetime (fertility rate)

  2. Globalization describes the ongoing global trend toward the freer flow of trade and investment ...

    Thus, the oceans also are not just international, but global. All the elements of the biosphere are interrelated and interconnected, including its human elements. We are all members of the global community of nature. We have no choice in this matter.

  1. Corruption and Globalisation - Both of them have been so pervasive in recent years. ...

    Communications are more efficient and information flow quicker. Globalisation can produce benefits, it can also bring risks. For example, the benefits may not be evenly distributed and therefore rich people become richer, poor people become poorer. It has been an increasingly serious question about the means of monitoring and regulating the way international firms conducting their businesses.

  2. Is there a trade-off between prosperity and violence? If so, what is it? If ...

    Third World economies are so different in structure and organisation from their Western counterparts that the behavioural assumptions and policy precepts of traditional neo-classical theory are sometimes questionable and sometimes incorrect" (Todaro, M, 1997, pg. 89). Bates argues that the perceived stagnation of agrarian societies is a misconception (2001, pg.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work