The Positive and Negative Consequences of Globalisation

Introduction

Since the late 1970s and early 1980s, a new position has become dominant in world’s major economic and political circles. This new and unprecedented situation is the term of globalization. Globalization can be seen as the present process of becoming global by the emergence of a world economy, a cosmopolitan culture and international social movements. Nowadays, we cannot avoid the notion of globalization as it affects everyone since it presents them with a world context which influences them in some of their doings.

In our daily life, the term globalization has been used in a multiplicity ways. Concepts like global interdependence of nations, the growth of a world system, accumulation on a world scale, and the global village can all be counted into the term globalization . However, it can be defined as the unfolding resolution of the contradiction between ever expanding capital and its national political and social formation . It represents the shift of the main place of capital accumulation from national to the supernational or global level. Furthermore, globalization can be understood as the arrival of ‘self-generating capital’ at the global level . Based on these different definitions of globalization, there are debates from two different sides. On group which is pro-globalization seen globalization as a useful term in understanding the organization and the nature of the movement of capitals. The other group anti-globalization says that globalization has brought the unequal power between conflicting states, classes and markets. This essay will make an effort to rethink the concepts of globalization in both pro-globalization and anti-globalization ways, and discuss if the concept of globalization has lead to a new...

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