Globalisation perspectives
- Created by: JasmineP46
- Created on: 30-04-21 17:49
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- Globalisation perspectives
- Sceptics
- Includes realists
- Impact of globalisation has been exaggerated
- Point to 1870-1914 as the high point of globalisation
- Most economic activity occurs within the state, so national economic policies are still highly relevant. TNCs still primarily tied to their home nation-state.
- Majority of globe's population are not linked into the global economy (particularly the South)
- Africa's share of world trade has been declining to less than 3%
- Majority of globe's population are not linked into the global economy (particularly the South)
- Trend towards regionalisation and global governance remains weak - sovereignty still reside within states.
- The idea that globalisaion is inevitable is an idea that has been contructed ti allow the West to achieve their goals.
- Hyperglobalisers
- Ideas emerged from the liberal view
- Positive view of globalisation
- Globalisation will inevitably create a 'borderless world' (Ohmae) due to technological progress
- Dell Theory of Conflict Prevention = No two countries that are both part of a major global supply chain, like Dell's, will ever fight a war against each other as long as they are both part of the same global supply chain. (Friedman)
- Friedman argued that no two nations with a McDonald's franchise had ever gone to war with one another; this was known as the Golden Arches theory.
- Dell Theory of Conflict Prevention = No two countries that are both part of a major global supply chain, like Dell's, will ever fight a war against each other as long as they are both part of the same global supply chain. (Friedman)
- The importance and authority of the nation-state is decreasing due to the economic logic of a global market
- The state's autonomy is in decline, as its ability to manage economic acitivies decreases, due to the rise of TNCs as well as global governance
- 3 key benefits of globalisation:
- Creation of a single, global market brings wealth to all
- Growing economic interdependence creates peace
- International understanding increases as well as the spread of liberal democracy
- The Kantian Triangle
- Transformationalists
- Middle ways between hyperglobalisers an sceptics
- Globalisation is neither weakening nor strengthening the state
- Instead, the nature of the state has been changing and a new architecture o global politics is emerging
- Globalisation is uneven in its impact and it divides as much as it integrates
- Sceptics
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