International Relations Globalization Has Become essay

Download this essay in word format (.doc)

Note: Sample below may appear distorted but all corresponding word document files contain proper formatting

Excerpt from essay:

The framework for globalization is set by the stronger nations and their corporations. Even when weaker nations benefit from globalization, they may not be seeing as much benefit as they would have had they had equal bargaining power.

It has also been argued that while it is nation-states that implement globalization, they merely do so at the behest of their corporations. It is the corporations, then, that truly drive the globalization agenda. This occurs to the point where, ultimately, a truly globalized world will be one market, with the relevance of the nation-state greatly reduced (Baker, 2007).

While it is governments that promote globalization, it is corporations that must execute it. They trade the goods, move the money and hire the people. Ultimately, it is corporate interests that reap the benefits of globalization first. From there, the wealth needs to trickle down through the economy, in the form of wages, benefits and dividends, to improve the lives of the people in nations engaged in trade.

Corporate-led globalization, therefore, assumes that globalization will improve the conditions for the world's citizens. The assumption derives from the idea that wealth is distributed relatively evenly. This illustrates the imperialism that underlies the ways in which globalization has thus far been conducted. Wealthy, powerful nations tend to have low wealth distribution scores, as judged by the distribution of GINI Index scores (CIA World Factbook, 2009). Thus, an improvement in the GDP of a wealthy nation is likely to have such a trickle down effect. The rich may see their wealth increase at a faster rate than the poor, but the poor will see their wealth increase, either through greater availability of better jobs, increased public spending on health care and education, or through the social safety net.

In developing nations, where GINI scores tend to be substantially higher, the assumption that broad economic development will largely have positive consequences for the populace does not hold. With limited public spending on health and education, with few good jobs and with no social safety net or strong labor protections, the benefits of globalization may be enjoyed by a relatively small proportion of the populace or even by foreign multinationals who simply repatriate the bulk of the benefit.


The use of GDP and other broad-based measures is appropriate for the globalization process as currently constituted. These measures reflect the broad goals that the current institutions of globalization work towards. Increasing economic activity is also congruent with the theory of comparative advantage in its simplest form. However, what that theory fails to take into account is that the activity in Country A has comparative advantage is significantly less lucrative than that of Country B. Selling bananas is not equivalent to selling cars. The inequities of resource endowment, the differences in social norms, the relatively level of corruption in the public and private sectors of many nations all contribute to the inequities that flow from modern globalization.

Even those who oppose globalization would be unreasonable were they not to grudgingly accept that it raises the level of economic activity. When this is coupled with strong government, high levels of public investment, and low levels of corruption, the benefits are tangible, as has been seen in many Southeast Asian and Eastern European countries. Without those antecedents, however, globalization fails to deliver any meaningful results. Natural resources can be exploited and the citizens of that land not see improvement in their lives. Globalization does not run people down so much as it fails to pick them up.

Thus despite the potential for globalization to succeed in its aims, it is currently oriented towards broad-based and one-size-fits-all solutions. For those not seeing the benefit of globalization, it is reasonable that they may reject the idea. Prolonged and bitter conflicts may occur with greater frequency. Groups frustrated by their lack of bargaining power or by the willingness of globalization's institutions to support their corrupt leaders can be expected to use violence and protest in order to improve their bargaining power. Other groups may simply choose to step the sidelines altogether, as we have seen in nations such as North Korea or, in a more sane example, Bhutan. If globalization is to take hold, its advocates must ease the pace of implementation. As with all economic models, Ricardo's basic comparative advantage model works best over the long run and as with Ricardo's model it requires mutual consent and equal bargaining power.

Works Cited:

Krugman, P. (1996). Ricardo's Difficult Idea. MIT. Retrieved December 7, 2009 from

Baker, M. (2007). Globalization is the new imperialism. Executive Intelligence Review. Retrieved December 7, 2009 from

World Bank. (2009). Measuring inequality. World Bank. Retrieved December 7, 2009 from,,contentMDK:20238991~menuPK:492138~pagePK:148956~piPK:216618~theSitePK:430367,00.html

International Monetary Fund website, various pages. (2009). Retrieved December 7, 2009 from

Sutcliffe, B. & Glyn, A. (1999). Still underwhelmed: Indicators of globalization and their misinterpretation. Review of Radical Political Economics. Vol. 31, 1, 111-131.

World Bank website, various pages. (2009). Retrieved December 7, 2009 from,,pagePK:50004410~piPK:36602~theSitePK:29708,00.html

Bretton Woods Project. (2008). World Bank and IMF get a dose of health criticism. Bretton Woods Project. Retrieved December 7, 2009 from

Stiglitz, J. (2004). Capital market libertalization, globalization and the IMF. Oxford Review of Economic Policy. Retrieved December 7, 2009 from

World Trade Organization website, various pages. (2009). Retrieved December 7, 2009 from

Shaffer, G. (2001). The World Trade Organization under challenge: Democracy and the law and the politics of the WTO's treatment of trade and environmental matters. Harvard International Law Review. Vol. 15, 1-93.

Tabb. W. (2001). The amoral elephant: Globalization and the struggle for social justice in the twenty-first century. New York: Monthly Review Press.[continue]

Cite This Essay:

"International Relations Globalization Has Become" (2009, December 07) Retrieved October 21, 2016, from

"International Relations Globalization Has Become" 07 December 2009. Web.21 October. 2016. <>

"International Relations Globalization Has Become", 07 December 2009, Accessed.21 October. 2016,

Other Documents Pertaining To This Topic

  • Globalization Has Become One of the Most

    Globalization has become one of the most widely discussed issues and concepts in the business world during the last few decades. Globalization influences economy, societal life, and business environment in a number of ways (Bella, 2010). The increased level of competition, information transfer, outsourcing, and technological advancements are the major impacts of globalization on the business community (Boudreaux, 2008). Moreover, the impact of globalization on organizational culture and operations cannot

  • International Relations Theory and United Nations Peace

    International Relations Theory and United Nations Peace: International Relations (IR) field normally focuses on the study of how various state systems can be made to work more efficiently to improve the power of law, maintain order, manage interstate affairs peacefully, and lessen prospects of war. The word relation in this field is used to denote the inclusion of more than political affairs to aspects like conflict and peace. International relations field

  • International Relations Making Poverty History

    (Suarez-Orozco & Qin-Hilliard, 2004, p. 62) Nonetheless, even promoting universal primary education can interfere with the profit-making motives of multinationals and global finance. Achieving universal primary education is a double-edged sword. Though highly conducive to future economic development in low-income nations, it is an extremely expensive proposition for the wealthier nations. The World Bank itself revealed in 2002 that the achievement of the Millennium Development Goals of halving poverty

  • International Relations International Law Falk

    He feels that he last perspective explicitly adopts values that focus on justice and human dignity and strives to shape an emerging order of non-territorial central guidance to serve values associated with humanity as a whole, rather than promote the particular interests of favored religious, ethnic or geographic segments. Faulk's views of these perspectives are very straightforward and to the point. I think that the last perspective of a global

  • Globalization and Developing Countries Globalization Has Become

    Globalization and Developing Countries: Globalization has become one of the major characteristics of the 21st Century since nations have continued to shift towards it rather than nationalization. The increased globalization can be attributed to improved human activities like trade, industry, and finance. As a result of the increased trend towards globalization, global policies have been developed. These policies highlight networks and solutions instead of controls within national boundaries because of communication

  • International Relations Free Trade Right

    The current model is threatened as well by a couple of its more glaring imperfections. The two largest players in the WTO have forged their ideas on free trade based on entirely different approaches to the issue. The U.S. has forged its own trade policy based on bilateral agreements and leveraged its economic might to operate almost independently of trade bodies. The EU, on the other hand, has built a

  • International Relations There Are a

    Instead, they would use the help of various international organizations that they had forged strong alliances with. At which point, many of the changes that the rebels were seeking were implemented. Where, they continue to remain focused on supporting those indigenous organizations that are struggling against the injustices of globalization. This has caused the rebels to offer support to similar anti-globalization causes taking place in: Cuba, Bolivia and Ecuador. In

Read Full Essay
Copyright 2016 . All Rights Reserved