A Critique of Globalisation Theories - Essay Example

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A Critique of Globalisation Theories

In effect, increased globalisation has encouraged the open economy and free movement of trade while maintaining a closed door policy to the globalisation of human capital across national borders in the western industrialized nations.  Instead, globalisation is viewed in a one way fashion.  Increased industrialization of developing and third world countries were technologically advanced nations can benefit from the cheaper labour pool, the natural resources of the host country and the desperation of the host countries for an infusion of capital without the reciprocal movement of human capital movement to the west.  Klein continues in this vein stating “the seventy to eighty-five million migrant workers world wide are more than the unseen side effect of ‘free trade.’ Once displaced they also enter the free market…as commodities, selling the only thing they have left: their labour.” Hannicles (2005) reminds us that even with the seemingly extensive migration in recent years, migration is a widely engrained, accepted practice throughout history.    “Stimulated by decolonization, modernization, demographic imbalances, and global economic inequalities, international migrant movement has reached unprecedented levels and continues to accelerate”.  Fass (2005: p. 938) reminds us, likewise; “The mass movement of populations, whether associated with war or with economic change (and since these are frequently related, to both), is hardly new.” ...Show more

Summary

This paper intends to discuss a complicated theme of globalization in the world economy and politics throughout the history and its contemporary state in particular. Most of the researchers outline two main globalization theories: the Gap Hypothesis and the Convergence Hypothesis…
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A Critique of Globalisation Theories essay example
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