An attempt to answer the question "Does economic globalization lead to a more democratic and peaceful society?"
Written in 2008; 1,500 words; 8 sources; MLA; $ 49.95
Paper Summary:
Economic globalization can be defined as "the integration of economics through markets across frontiers" . At first blush, the question may be asked, what is the connection between economic integration, democracy and peace? These appear to be thoroughly different outcomes, giving rise to some common effects at best. However, a closer glance reveals that there can be links drawn between integration and democracy and integration and reduced conflict. Can we then claim that economic globalization leads to a more democratic and peaceful society? That is the question this paper attempts to answer.
From the Paper:
"The literature suggests three avenues to reduce corruption - reduce or eliminate quantitative trade barriers, increase the number of competing firms, and improve the quality of institutions. Although the authors caution against placing too much emphasis on their findings, it is clearly an important result for poorer countries that are trapped in the poverty cycle. This finding suggests that openness on the part of poor countries will lead to reduced corruption, which will in turn improve the prospects of economic development in the country, leading to further incentives to integrate. This "anti-corruption cycle" can arguably be the answer for many Least Developed Countries struggling at present."
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