An in-depth understanding to the various facets of globalization reflects its strong impression on the flow of resources within the global industrial structure in the form of land, labor, capital and other drivers of socio-economic progress. Undoubtedly, participants in the…
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tional contexts beyond national boundaries, critics like Ellen Meiksins Wood have been arguing on the extent of interference practiced by these international institutions and its implications on national powers. According to Wood (2005), problems related to globalization, such as “the social injustices, the growing gaps between rich and poor, ‘democratic deficits, ecological degradation and so on” are the consequences of capitalism (pp. 14). Wood (2005) thus argues that “capitalism, whether national or global, is driven by certain systematic imperatives of competition, profit-maximization and accumulation, which inevitably require putting ‘exchange-value’ before ‘use-value’ and profit before people” (pp. 14).
While an optimistic view of liberalism will justify this particular opinion, a critical view to the notion shall be much emphasized to argue on behalf of capitalist theorists, stressing on the negatives associated with the same (Kukoč, 2009). The critical theory thus asserts that globalization has made it possible for a handful of economies and institutional members to enjoy the wealth and resources within their global “playing field”, leading to graver sufferings of weaker and vulnerable economies (Bohman, 2004). As the two theories, liberalism on one hand and capitalism on the other, argue on the positives and negatives associated with globalization, this essay will aim at examining both these standpoints to conclude whether globalization can be held responsible for the increasing inequality in resource allocation causing poverty or it actually functions in reducing such disparities. Influences caused by international institutions will also be considered in the discussion henceforth to obtain a succinct understanding of the issue in concern.
A nation might be said of having a comparative advantage if it can produce a particular good or service in a much efficient and cost effective manner as compared to other countries, which is only
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In the present world where communication technologies and networking has changed tremendously and still changing very fast, forced businesses to change accordingly. The complexity and multidimensionality of the international business environment forced to the development of some frameworks trying to classify its components.
In the utilization of liberal ideologies, a country’s economy can substantially augment since it has the capacity to partake in numerous economic exchanges with different countries around the globe. Similarly, globalization aims at integration of different markets and economies around the world thus making the world a single system (Ognivtsev 1).
Critical theoretical examination of the society and culture remains an important aspect especially in the current international affairs and politics. Therefore, the term critical theory has been widely applied in studying international politics. According to Philips (2000), critical theory is usually associated with the Frankfurt school from where works of influential theorists including Karl Marx and Jurgen Habermas continue making an important contribution to the study of critical theory in relation to international politics.
Globalization is a widely discussed topic in the contemporary world. It is a term that gained popularity in the 1980s and refers to the increased mobility of people and goods across national and international borders that result to improved cohesion across the globe (Lynch 7).
Sociologist Anthony Giddens (as cited in Guillen, 2001, p236) also see globalization closing the wide gap between space and time. It is same for geographer David Harvey and political scientist James Mittelman (as cited in Guillen, 2001, p 236). Globalization is spatial and temporal shrinking of the world.
Outlined below is a discussion of how liberals believe whether or not the state must be neutral when it comes down to the advancing of advance human excellence, or the values of perfection. The ideas of liberals as will be evaluated are not all the same,
The author states that one of the core ideas in Liberal thinking is that of the democratic peace thesis derived from the Kantian maxim claiming that republican (democratic) states do not fight one another. For Kant, the reasoning was simple: democratic states were internally more peaceful due to the pacific effects of international trade.
her hand, economic globalization refers to the increased linkage between livelihoods as well as development of services and products on a global level.
There is a lot of subjectivity about the concept of economic globalization and there is no universally acknowledged concept as
Globalization is a process of social change. In this case, globalization is the process of becoming global, and this process is incomplete. However, there are processes that point to the direction of getting complete and
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