Commentary on Article (Globalisation: The Rise and Fall of an Idea That Swept the World) (Reaction Paper Sample)
To Write A Commentary On An Article Entitled "Globalisation: The Rise And Fall Of An Idea That Swept The World". The Article Appeared In The Guardiansource..
Commentary (Globalisation: The Rise and Fall of an Idea That Swept the World)
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Commentary: (Globalisation: The Rise and Fall of an Idea That Swept the World)
The global environmental changes that have taken place over the past few decades have led to the creation of an integrated global economy from the national political systems used in the traditional times. These have included a number of political activities and global trends for all developed and developing nations. In his article, “Globalization: The Rise and Fall of an Idea the Swept the World”, Saval (2017) insists that the economic globalization that was majorly created to enhance the free trade of products across national borders has been shaken by several political earthquakes, and currently anti-globalization movements are slowly overpowering the proponents of globalization.
The Argument of the Author
The major argument that is presented by Saval (2017) is the claim that economic globalization, which is meant to develop free trade across national borders, has had a major negative influence on populations because it results in loss of jobs and depression of wages rather than growth of economies. Free trade makes it easy for people within several nations to get access to cheap products. This is because competition from companies all over the world make them cut their production costs with the aim of lowering prices. Cutting costs ultimately lead to the depression of wages and terminating some employees as they become surplus to requirements. Companies even outsource operations to other countries where they can easily access raw materials and cheap labour. This leads to loss of jobs and poor compensation of employees thus making it hard for them to improve their standards of living. As such the author argues that globalization may not be of any benefit, especially to developing nations that are continuously exploited by multinational corporations.
Initially, those who proposed globalization held the belief that having an integrated and more open economy would have more benefits than the potentially negative influence. This is because of the notion that free trade is linked with higher economic growth, and thus the reduction of poverty. Because of growth results in the reduction of poverty, many of the proponents of globalization argued that regardless of the troubling effects that globalization had in some countries, the act promised greater good for all the nations around the world. However, it has consistently emerged that globalization does not have as many benefits as anticipated by the advocates of globalization. The arguments meant to support economic globalization persisted despite the negative effects that were being experienced. However, after financial crises, even the proponents conceded that globalization has resulted in inequality, loss of employment and even depression of wages. These have led to a series of political activities against globalization such as lobbying.
How the Author Understands World Politics
Under globalization, political issues are addressed above the state via schemes of political integration like the European Union, and even intergovernmental organizations like the International Monetary Fund, World Trade Organization, and The World Bank. Political activities also cross the borders of nations through NGOs and global movements. The global actions of civil society organizations are achieved through the creation of alliances with organizations found in other nations, lobbying international organizations, the use of global communications systems, and other direct actions.
Economic globalization in the article is addressed using theories and concepts of international relations. Most of these theories and concepts are based on the idea that states will often work in accordance with their national interests or even the interests of other given states. Some examples of state interests are military security, self-preservation, influence over other nations and economic prosperity. The author has a very competent knowledge of the history of world politics as well as the current trends and uses the knowledge to explain the origin, development and possible future of globalization. He precisely describes these using timelines from the period that Asia and Sub-Saharan Africa were colonized in the 20th century, through to creation of post-war superpowers like the Soviet Union, the hyper-globalization movements in the 1980s, emergence of anti-globalization movement towards the end of 1990s, and the present distrust in globalization as well as its political consequences.
Realism is a theory that is well elaborated in the article to explain the collapse of globalization after the First World War. Realism holds that states have the role of precisely increasing their power and not that of other states (Timofeev 2011, p. 30). During the rivalry between the Soviet Union and the United States, there was lack of trust between nations and thus free trade lacked among many
- Commentary on Article (Globalisation: The Rise and Fall of an Idea That Swept the World)Description: To Write A Commentary On An Article Entitled "Globalisation: The Rise And Fall Of An Idea That Swept The World". The Article Appeared In The Guardian...5 pages/≈1375 words| 7 Sources | Harvard | History | Reaction Paper |