Economic Globalization = Democracy and Peace? Analytical Essay by smifro

Economic Globalization = Democracy and Peace?
An attempt to answer the question "Does economic globalization lead to a more democratic and peaceful society?"
# 109368 | 1,500 words | 8 sources | MLA | 2008 | US
Published on Nov 30, 2008 in Economics (International) , Political Science (General) , Economics (Globalization)

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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."

Sample of Sources Used:

  • Federico Bonaglia, Jorge Braga de Macedo and Maurizio Bussolo (November 2001) "How Globalisation Improves Governance" OECD Technical Paper 181
  • Gary Burtless, Robert Z. Lawrence, Robert E. Litan, Robert J. Shapiro, Globaphobia: Confronting Fears about Open Trade (1998) Brookings.
  • Erik Gartzke , Quan Li, Charles Boehmer. (2001). "Investing in the Peace: Economic Interdependence and International Conflict." International Organization Spring 2001 v55 i2 p391
  • Lawrence, Robert Z. Crimes and Punishments? Retaliation Under the WTO, Washington, DC : Institute for International Economics, 2003
  • Simon J. Evenett, 'Reciprocity and the Doha Round Impasse: Lessons for the Near-Term and After', Centre for Economic Policy Research, Policy Insight No. 11, September 2007.

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