Globalisation and Democracy - Essay Example

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Globalisation and Democracy

In broad terms of economics, globalization can be defined as is the conjunction of prices, products, wages, interest rates and profits toward developed country standards. This economical globalization depends on the function of human migration, global worldwide trade, development of capital, and amalgamation as well as incorporation of economic markets. Although the global economy has grown rapidly in this context, yet poverty persists, inequality increases, and global environmental degradation intensifies.
An enduring precept of the post-Cold War era is that globalisation can be a catalyst for democratization. From one perspective, when democratic principles flounce or dribble across boundaries into controlling states, globalisation makes democratisation unavoidable. Supporters of this view point to the infectivity of independent and autonomous transitions in the world over the past quarter-century and to the ability of technology to penetrate the most closed societies. ...
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Globalization is a broad term and is perhaps can be best comprehended as a process that is comprehensive of other processes that are increasingly binding people more closely into one global system with one fortune. These sub processes can be enhanced economic interdependence, increased cultural influence, speedy development of information technology, and original supremacy with geo-political challenges…
Author : daishamcculloug

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