Globalisation in International Relations, Features and Criticisms

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Globalisation in International Relations (Political Science)

Globalisation

  • It stands for cross border facilities and economic linkages.

  • With a view to secure an integration of economic interests and activities of the people living in all parts of the world.

  • Baylis and Smith- “Globalization is the process whereby social relations acquire relatively distance less and borderless qualities”.

  • It is a concept which stands for the wholesome interconnection of world markets and free flow of goods, services, technology and people across borders.

  • This is projected as the imperative way for securing the objectives of economic growth, spread of technology, sustainable development and better standards of living in all other countries- both developed and developing.

Features

  • Liberalization – it stands for the freedom of entrepreneurs to establish any industry or trade within their own country or outside.

  • Free trade – free flow of trade among nations.

  • Globalisation of economic activity – it stands for the integrating the domestic economy with world economy.

  • Liberalisation of import –export system...

  • Privatisation

  • Encouraging financial and fiscal reforms.

  • Globalisation does affects the function of state.

  • Privatisation has been encouraged.

  • Public sector was made to compete with private sector.

  • The state began to emerge as a facilitator and coordinator in place of control and controller.

  • The process of globalization involves the change in role of state , however it does not mean re-adoption of Laisez faire or reversion to police state.

Criticisms

  • The gap between rich and poor is widening, it gains are achieved at the cost of crushing the poor.

  • It has been criticized for being a source of economic crises.

  • It is an imposed decision of the rich and not a democratic choice of the people of the world.

  • Globalization has been working as tool designed to serve elite interests.

  • Private profits at the cost of social security.

  • It is giving birth to new system of MNC protectionism.

  • Working against the democratic rights of the ordinary citizens.

Supporters

  • Since the process is in initial stage problems are occurring at the global front.

  • It alone has potential to attain sustainable development.

  • It is essential under WTO; can be seen as an instrument of globalization , as it pushes for free trade and discourages protectionism.

  • Defects in the system is the product of selfishness of some states.

  • Globalization is governable and dependable.

MCQs

1. Consider the following statements and mark the correct one –

a. The emergence of free trade, market competition, mncs etc have limited the scope of operation of state sovereignity.

b. Global economic recession is the result of unbridled globalization

c. Globalisation results in unequal distribution of benefits.

d. Globalisation is multidimensional.

Codes:

a. b,c,d

b. A,b,d

c. D,a,c

d. All

Ans .d

2. Globalization has led to higher standards of living of:

(a) well-off consumers

(b) poor consumer

(c) big producers

(d) small producers

Ans. C

3. A company that owns or controls production in more than one nation is called:

(a) multinational corporation

(b) joint stock company

(c) global company

(d) none of these

Ans. A

4. Globalisation has created new opportunities of:

(a) employment

(b) emerging multinationals

(c) providing services

(d) all of the above

Ans. D

5. Who defines globalization as -”Globalization is the process whereby social relations acquire relatively distance less and borderless qualities”?

a. Baylis and Smith

b. Keneth Thompson

c. Carlyle

d. None

Ans. A

#Globalisation#Multinational Corporations#WTO#Liberalisation#Privatisation#Welfare State#Police State

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