Question

Examples of political consequences of globalisation

Answer 1

What are the political consequences of globalisation?

In a broader sense, what have been the most noteworthy consequences of globalisation on how a country is run and its political ... More

2 ANSWERS



Shadab Alam, M.A Government and Public Policy & Political Philosophy, Azim Premji University (2016)

Answered Dec 30, 2016

There are multiple consequences of Globalization. but, since you have asked about most noteworthy consequences, therefore, am going with (1) Economic fragility (2) Political fragility.

First of all, lets discuss, what could be called as economic fragility, so The effects on domestic income distribution are less clear. Standard theory says that trade will tend to hurt unskilled labour in rich countries and to help it in poor ones, since the poor countries will be able to export-labour-intensive goods like garments to rich countries, thus increasing the demand for unskilled labour in the poor countries and decreasing it in the rich ones. That is, within rich countries, there is a good analytical reason for arguing that trade will tend to make the rich richer and the poor poorer. There has in recent years been a lively debate among economists in the developed countries as to whether the increase in imports of labour-intensive goods has been a major factor in causing the fall in the relative (and sometimes absolute) wages of the unskilled in these countries: the majority of economists seem to have concluded that it is a contributory factor, but that the major part of the explanation lies instead in the skill-intensive form of technological progress (Cline 1997).

Second, Critics of globalism argue that any business enterprise capable of manipulating personal tastes will thrive, whereas state authorities everywhere will lose control over the distribution of goods and services. According to this view of world power, military force is perceived as hopelessly out of step or even powerless; the control of culture (and its production) is seen as far more important than the control of political and geographic borders. Certainly, it is true that national boundaries are increasingly permeable and any effort by nations to exclude global pop culture usually makes the banned objects all the more irresistible.

From all above account, anyone could figure it the possible consequences of the globalization. further, there are numerous positive aspects of the globalization. furthermore, as independent thinker we must use our faculties in order to analyse or conclude something.