Gain Immediate access to our Essays
FREE access exchanged for your work, or pay £9.99
Words: | Submitted: Mon Jun 19 2006
... of today's life. Almost everything is getting global - business corporations, markets, investors and the elites. The concept emulates beautiful catchwords like 'global village', 'internationalism', 'interdependence', 'interconnectedness', 'free trade', 'competitive economies', 'transfer of technology to the poor', etc. This is one side of the story. On the other hand, globalization also creates discontents1. It is argued, for instance, that the globalization theory favours corporate capitalism and transnational corporations, i.e. those corporations that have grown so big that they have superseded governments2. The top-down neo liberal economics globalization agenda, set forth by the international institutions like World Bank, IMF, WTO, World Economic Forum etc, involves the exploitation of the environment, access to virgin resources in the remote and inaccessible parts of the world, access to cheap labour, and exploitation of weaker and cheaper markets. The antagonists have concerns regarding the rights of poor classes, peasants and labour rights, consumer rights, ...
FREE access exchanged for your work, or pay £9.99