Globalization

Paper Summary:

This paper reviews John Ralston Saul's article, "The End of Globalism", as published in the "Australian Financial Review". The paper looks at the most convincing section of Saul's article in which he discusses the overall trend of large economic ideologies and policies to change over time. The paper contends, through discussion of the article, that globalization has failed as an ideology.

From the Paper:

"Accordingly, the assertion that globalization is a form of economy that will last through the ages seems to be a particularly short sighted point of view. Yet, Saul argues that this notion is exactly what the proponents of globalization would have us believe. This optimism is quite analogous to the optimism of economists prior to the Great Depression, and prior to the collapse of the Soviet Union. Saul's premise is rather compelling, and surprisingly, one of the few instances such a perspective has been put forward: globalization cannot last forever because the world does not stand still. Put into historical context, the global economy as we know it must change or ultimately suffer complete collapse. "

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• Research Paper # 75203 : "Concepts and Impacts of Globalization"

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