Globalization and its Effects

Paper Summary:

In this article, the writer notes that when speaking about whether globalization weakens the state, there are several arguments that must be taken into consideration. This paper first deals with the question of whether globalization is beneficial or not, pointing out that this subject can be discussed in several manners depending on the example provided. The answer to the main question, of whether globalization weakens the state or not, is also highly dependent on the way the matter is treated. The writer presents both parts, arguing both that globalization brings prosperity and that it brings more economic power to a state and that globalization shifts power from the government to the private sector.The writer concludes that globalization seems to work only for already developed countries, even though all countries that agree to the global capital market agree to the rules of globalization.

From the Paper:

"The best examples that globalization works and is benefic for the economic development of countries are those of East Asian countries that have adapted themselves to a capitalist market economy and took advantage of the free market in order to sell their products. In these countries, poverty was actually reduced and they have known an unprecedented economic growth. The lesson that these countries applied seems simple: they took advantage of the global market for their exports and they managed to close the technology gap between more developed countries and them. By doing this, they became actual competitors on the global market and this can be seen in the economic growth that followed. Prosperity in these countries came in different ways, as some countries developed after opening up to multinational corporations and others, such as Taiwan, created their own corporations. But most importantly, globalization turned up to be a beneficial experience for these countries because they each understood globalization in their own way and applied it as to be in the interest of the many. In these countries, globalization was made in an equalitarian way and so it benefited the many. Because the many benefit from globalization, we can say that these are positive examples that prove that globalization works. The negative examples are the ones in which the benefits of globalization were distributed among the few."

Sample of Sources Used:

• Armstrong, D., Globalization and the social state, available at http://journals.cambridge.org/action/displayAbstract?fromPage=online&aid=33615;
• Castles, F., The future of the welfare state, 2004, Oxford: Oxford University Press;
• Friedman, L. T., The Lexus and the Olive Tree: Understanding Globalization, 2000;
• Genschel, P., "Globalization and the welfare state: a retrospective", Journal of European Public Policy 11(4), 2004;
• Ginsburg, N., Globalization and pressure on social policy development, 2006, available at http://www.fafo.no/BalticWelfare/Baltikum-presentasjoner/NormanGinsburg.pdf

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