Globalization and democracy are theories that have been notoriously contested in their meanings. This report is not an attempt to provide an overview of the fundamental interpretative frames imposed on democracy or democratization by social science, but an endeavour to focus on a chosen approach to globalization in order to understand the relation between cultural globalization and democracy and how they intrinsically matter to each other…
The conceptual trend of different processes resulting in greater interconnections of socio-cultural, economic and political proceedings at the global scale can be termed as globalization. It has been identified by many as the misbalanced process which has led to strengthening of the interdependencies of the major economies of the world with growing indifference towards economies that depart from these major economies. It has been constantly observed that the diverse effects of globalization with multi-faceted impacts from various processes on different countries are interlinked through the chains of globalization.
Commonly, it has come to be referred to as economic globalization, due to the amalgamation of several national economies into the international economy in form of trade, capital flows, foreign direct investments, migrations and technological spread and advancements1.
Chase-Dunn has presented a model of the processes and structures of the modern world-system and has proposed a project to transform the system into a democratic and collectively rational global commonwealth. The article states that popular transnational social movements are challenging the ideological hegemony of corporate capitalism2. The global women's movement, indigenous movements, the labor movement, and environmentalist movements are attempting to form strong alliances which are capable of challenging the emerging transnational capitalist class domination (Chase-Dunn, 2003). Chase-Dunn argues that new democratic socialist states in the semi-periphery will be critical sources of support and allies for the anti-systemic movements.
Globalisation supporters claim that it increases economic prosperity as well as opportunity, especially among developing nations, leading to a greater efficient allocation of resources and enhancement of civil liberties. Economic theories of comparative advantage suggest that free trade leads to a more efficient allocation of resources, with all countries involved in the trade benefiting3. In general, this leads to lower prices, more employment, higher output and a higher standard of living for those in developing countries (Sachs, Jeffery, 2005).
Proponents of laissez-faire capitalism say that higher degrees of political and economic freedom in the form of democracy and capitalism in the developed world are ends in themselves and also produce higher levels of material wealth4. They see globalisation as the beneficial spread of liberty and capitalism (Wolf, Martin, 2004).
Vices of Globalization
Critics of globalisation argue that poorer countries are sometime at disadvantage since the main export of poorer countries is generally agricultural goods and it become difficult for these countries to compete with financially stronger countries that subsidize their own farmers5 (Hurst, Charles, 1993).
It has also been argued that globalisation has led to deterioration of protection for the weaker nations by stronger industrialized powers, resulting in exploitation of the people in those nations to become cheap labours6. With the world ...
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(Globalization of Democracy Essay Example | Topics and Well Written Essays - 4000 Words)
“Globalization of Democracy Essay Example | Topics and Well Written Essays - 4000 Words”, n.d. https://studentshare.net/miscellaneous/306785-globalization-of-democracy.
For Strinidal to expand its businesses to other nations it has learned of the environment of the global markets. There are also factors that will affect international business, they are, cultural, political and economic factors. Political events in Strinidal are of great concern because they influence the cost of doing business, the social and economic stability of countries, the accessibility to the human and non human resources.
The relationship between globalisation and the systems of governance is analysed in the following two articles: a) the article of Cerny (1999), under the title ‘Globalisations and the Erosion of Democracy’ and b) the article of Hirst and Thompson (2002), under the title ‘The Future of Globalisation’; both the above articles focus on the role of globalisation in the systems of governance introduced in countries internationally.
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Democracy can also be defined as the right to vote in any organization.
Globalization is a process in which the people of the world are united by a single society and transforming certain things into global ones. Economic, technological, sociocultural and political forces have now been united into a single society. It is also used to refer to the integration of national economies with the international economy by trade and foreign investment.
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For instance, globalization of democracy from the Western world has spread to African and Asian continents to influence them towards embracing it. Today, globalization has enhanced the political participation of the population
On the other hand, Stevensons masterpiece, which was written decades later than that of Shelleys and published in 1886, has probably even more intricate and complex plot than Frankenstein; or, the Modern Prometheus. In
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