This research will begin with the statement that New Labour’s economic policies are focused on sustained economic growth for the country, emphasis on cutting down inflation and unemployment rates and use of measures to cope with globalization for the best economic interests of UK. New Labour has also focused on globalization as the best political strategy for promoting British economic growth. Whether this has been done to exploit or cope with the social and political consequences of a global economy remain a controversial issue. Barry and Patterson discuss globalization policies within the context of ecological modernization and environmental reforms suggesting that globalization has to be understood in terms of political, social and environmental issues. Barry and Patterson analyze New Labour’s approach to globalization as aimed to create opportunities for ecological modernization and in some policy areas and hinder in some others. Thus Labour’s focus on globalization has its own advantages and disadvantages as far as environmental policy measures are concerned. Some of the prime areas of development are renewable energy strategy, transport policy, and genetically modified food. The issues of environmental degradation and environmental policy measures have direct implications for globalization and thus it is important to consider environmental aspects of globalization within Labour policy measures....
and equity, Hopkin and Wincott suggest that the European states are less flexible and may have to become more open to changes for successful social and economic reforms. Considering this, the economic reforms and approach to globalisation as taken by New Labour may be considered as comparatively rigid and a more flexible policy could be recommended.
Cerny and Evans (2004) argue that the state policies are always aimed at restructuring the state to stabilise national polity and promote domestic economic growth. Some state political approaches are focused on reform of political institutions, functions and processes in keeping with the needs of globalisation. Apart from adapting to internal social and political problems, national political leaders take on processes of political and social coalitions to overcome structural and even functional constraints in the form of state intervention. All of state's policies are focused on promoting, sustaining and expanding an open and liberal global economy to take full advantage of the benefits of such systems. However Cerny and Evans claim that too much emphasis on the role of individual political leaders can undermine the generic functions of the state in terms of public interest and social justice and can also lead to social conflicts. Considering the case of New Labour's policy agenda, in UK, Cerny and Evans note that the British state has been undergoing a continual transformation to adapt to global realities through state action. The fact that Blair's government is focused on adapting to the changing needs of globalisation only highlights policy issues that are established by New Labour to promote economic and social growth.
The question of whether New Labour is exploiting, coping with or actively supporting globalisation
The idea of this research emerged from the author’s interest and fascination in whether New Labour is exploiting, coping with or actively supporting globalization issues could be understood by its approach to reforms in the context of the international political economy…
A critical review on a perspective on globalisation 1.0. Introduction There are actually many definitions of globalisation as there are many ideologies on globalisation. However, one important definition is by the International Monetary Fund or IMF which defined globalisation as “the increasing integration of economies around the world, particularly through the movement of goods, services, and capital across borders.” An article attributed to Chew Nox analysed the issue of whether globalisation is good or bad and concluded that the good outweighs the bad in globalisation.
This essay presents an observation on the progresses and achievements of globalisation as of today. Basically, globalisation denotes global economic and social integration. The development of globalisation has been creating enormous impacts on the development of each country worldwide, particularly in terms of culture, economy, and politics.
The present paper attempts to assess the impact that globalisation possibly had over the labour market around the world. Globalisation is largely characterised by a reduction in the restrictions to international trade which helps ultimately in the movements of commodities as well as resources across international boundaries.
The article ‘Globalisation shakes the world’ shall provide a foundation for this paper. A brief discussion on globalisation shall be established, followed by a discussion on the benefits of globalisation. A contrasting discussion on the disadvantages of globalisation shall be considered, and finally, an overall discussion will be made to answer the issue raised.
Internationalised business enterprises benefit from sharing of technology and enjoying the economies of large scale. The rise in globalisation is a product of the emergence and spread of multinational firms, formation of trade blocs and increase in the amount of trade.
According to the research findings, New Labour’s policies and principles do have certain distinct and unique characteristics that seem to define the New Labour agenda in a way that may not be completely compatible with socialist democratic politics and yet very different from capitalist or conservative agenda.
our has highlighted its achievements since 1997 focusing on the fact that it has helped to bring down inflation rates to a considerable extent and Britain has now been experiencing a period of sustained economic growth with very low levels of unemployment. Considering changes in
Hence we are faced with either a process or a strategy, and they are not the same.
Trade, investment, finance and labour are the important elements of world economy. Globalisation is the expansion of these economic activities across
Basically, globalisation denotes global economic and social integration. Globalisation has led to what economists and political thinkers call ‘a new world order’ that focuses its effect on the political economy of each region and the world generally
contemporary world, countries have become more concerned towards maximum economic, social and cultural growth to obtain comparative advantages of international trade and resource circulation. As a matter of fact, every country in the modern day scenario intends to preserve its
12 pages (3000 words)Essay
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