Globalisation perspectives

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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%
      • 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.
      • 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


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