Pro Globalist vs Anti Globalist
Pro Globalist vs. Anti Globalist
An Essay
Globalization in a broader sense means Integration. This integration happens through the flow of resources in the form of information, ideas, technology, goods, services, capital, finance & people. Like everything else that flows, the flow of resources happens from high potential (country) to low potential (country). Globalization is therefore a natural phenomenon and is bound to happen unless stopped by an external force. In principle all flows are good since they help in achieving equilibrium; but they must be checked and constrained to avoid them being destructive. It is therefore not correct to call Globalization good or evil. Globalization will essentially be good, but may require some checks in order to be fruitful. The hot debate between Pro Globalist & Anti Globalist stems from not understanding the above basic principle. One must understand that Globalization is inevitable and should concentrate his energy in making sure rational checks are in place for its proper utilization.
Globalization has been a historical process. This process was interrupted during the world war period. During the Pre-World War I period of 1870 to 1914, there was rapid integration of the economies in terms of trade flows, movement of capital and migration of people. The growth of globalization was mainly led by the technological forces in the fields of transport and communication. There were fewer barriers to flow of trade and people across the geographical boundaries. Indeed there were no passports and visa requirements and very few non-tariff barriers and restrictions on fund flows. The pace of globalization, however, decelerated between the First and the Second World War. The inter-war period witnessed the erection of various barriers to restrict the flow of resources. Most economies thought that they could thrive better under high protective walls. After World War II, all the leading countries resolved not to
An Essay
Globalization in a broader sense means Integration. This integration happens through the flow of resources in the form of information, ideas, technology, goods, services, capital, finance & people. Like everything else that flows, the flow of resources happens from high potential (country) to low potential (country). Globalization is therefore a natural phenomenon and is bound to happen unless stopped by an external force. In principle all flows are good since they help in achieving equilibrium; but they must be checked and constrained to avoid them being destructive. It is therefore not correct to call Globalization good or evil. Globalization will essentially be good, but may require some checks in order to be fruitful. The hot debate between Pro Globalist & Anti Globalist stems from not understanding the above basic principle. One must understand that Globalization is inevitable and should concentrate his energy in making sure rational checks are in place for its proper utilization.
Globalization has been a historical process. This process was interrupted during the world war period. During the Pre-World War I period of 1870 to 1914, there was rapid integration of the economies in terms of trade flows, movement of capital and migration of people. The growth of globalization was mainly led by the technological forces in the fields of transport and communication. There were fewer barriers to flow of trade and people across the geographical boundaries. Indeed there were no passports and visa requirements and very few non-tariff barriers and restrictions on fund flows. The pace of globalization, however, decelerated between the First and the Second World War. The inter-war period witnessed the erection of various barriers to restrict the flow of resources. Most economies thought that they could thrive better under high protective walls. After World War II, all the leading countries resolved not to