Globalization and Democracy \"Some Argue
Globalization and Democracy
"Some argue that [democracy and globalization] go hand in hand – that unrestricted international transactions encourage political accountability and transparency and that politically free societies are least likely to restrict the mobility of goods and services. Others argue that democracies, in which special interests that suffer from foreign competition have voice, are more likely to have closed markets and vice versa" (Eichengreen, et al, 2007, p. 289).
Introduction
The concept of globalization is seen by some as a new phenomenon, a concept that emerged due to the digital revolution, and due to the remarkable advances in communication and information that link states and companies with a surprising immediacy though they be in far-flung parts of the world. Globalization has been called a curse for the developing world, and it has also been referred to as the path to a better economic future in terms of the marketing of goods and services. But the linkage between globalization and democracy has apparently not been as thoroughly reviewed and critiqued as other aspects of globalization, and this paper delves into the impact – positive and negative – to democracy that globalization has created.
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