Assess The Globalists View Of Globalisation

Globalists regard globalisation as a key process for economic development and a tool for the elimination of socioeconomic inequality, with the belief that income is now distributed more evenly and the idea that one or few nations can dominate other nations is considered obsolete. The emergence of a global ruling class it is argued promotes just development. This paradigm suggests that globalisation is a positive contributor to social, economic and cultural factors, by generating wealth and employment on a national, regional and local scale, as well as encouraging economic and financial development and global interactions between countries.