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    Claims of Globalization

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    Globalization involves the liberalization and integration of global markets, driven by technological innovations, according to some claims. However, others argue that globalization is not inevitable or uncontrolled, and that its benefits are not universally shared. While free markets may spur economic growth, globalization does not necessarily further democracy or improve conditions for all.

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    Claims of Globalization

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    JSMN
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    Globalization involves the liberalization and integration of global markets, driven by technological innovations, according to some claims. However, others argue that globalization is not inevitable or uncontrolled, and that its benefits are not universally shared. While free markets may spur economic growth, globalization does not necessarily further democracy or improve conditions for all.

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    Globalization involves the liberalization and integration of global markets, driven by technological innovations, according to some claims. However, others argue that globalization is not inevitable or uncontrolled, and that its benefits are not universally shared. While free markets may spur economic growth, globalization does not necessarily further democracy or improve conditions for all.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    5K views1 page

    Claims of Globalization

    Uploaded by

    JSMN
    Globalization involves the liberalization and integration of global markets, driven by technological innovations, according to some claims. However, others argue that globalization is not inevitable or uncontrolled, and that its benefits are not universally shared. While free markets may spur economic growth, globalization does not necessarily further democracy or improve conditions for all.

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    of 1

    BRIENNE PARAGAS THE CONTEMPORARY WORLD

    BSED-2
    CLAIMS OF GLOBALIZATION

    By Manfred B. Steger
    1. Globalization is About the Liberalization and Global Integration of Markets (not
    an ideology)

    This claim is anchored in the liberal ideal of the self-regulating market as the
    normative basis for a future global order. The liberalization and integration of global
    markets are presented as both desirable and “natural” phenomena that promote
    individual liberty and material progress in the world.
    2. Globalization is Inevitable and Irreversible

    According to this assertion, globalization involves a spread of irreversible market forces


    driven by technological innovations that make the worldwide integration of national
    economies inevitable. The portrayal of globalization as some sort of natural force
    suggests that people must adapt to the discipline of the market if they are to survive and
    prosper.
    President Clinton on US Foreign Policy “Today we must embrace the inexorable logic of
    globalization– that everything from the strength of our economy to the safety of our cities,
    to the health of our people, depends on events not only within our borders, but half way a
    world away”
    3. Nobody is in Charge of Globalization

    “The great beauty of globalization is that no one is in control. The great beauty of
    globalization is that it is not controlled by any individual, any government, any
    institution” – Robert Hormats, vice chairman of Goldman sachs

    The meetings, the groups, the foundations, that all work on spreading neoliberal
    principles and new world order principles have been deeply rooted in ancient history.
    4. Globalization Benefits Everyone

    This claim lies at the very core of market globalism, because it provides an affirmative
    answer to the crucial normative question of whether globalization should be considered
    a good or a bad thing. Market globalists assert that free trade and open markets provide
    the best prospect for creating jobs, spurring economic growth, and raising living
    standards around the world. While market globalists typically acknowledge the
    existence of unequal global distribution patterns, they insist that the market itself will
    eventually correct some of these “irregularities.”
    5. Globalization Furthers the Spread of Democracy in The World

    This claim is rooted in the assertion that free markets and democracy are two sides of the
    same coin. Persistently affirmed as “common sense,” the actual compatibility of these
    two conditions remains nonetheless an open question.

    Reference:
    Six Core Claims of Globalization by Manfred Steger.(2011, September 21). Retrieved from
    https://towerofrebel.wordpress.com/2011/09/21/six-core-claims-of-globalization-by-manfred-steger/

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