In Defense of Globalization
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Whatever the critics of globalization say, it is here to stay. And it is not as evil as it looks.
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In Defense of Globalization
- 1. In Defense of Globalization Sumit Singla P08056
- 3. Hard-core protestors -Deep seated antipathy -Different ideological and intellectual directions -Anti-capitalist, anti-corporation, anti-globalization - MNCs – the B-52s of capitalism Critics – mainstream dissent and discourse -Social ills – poverty and environmental costs -Critiquing international institutions -Guerilla tactics to gain worldwide attention
- 4. What Critics Say Hypocrisy… double standards… unfair trade! Protectionists is what these rich countries are! Average industrial protection higher in poor countries Extensive agricultural subsidies The facts:
- 5. Aspects of Globalization •Globalization wrongly blamed for East Asian financial crisis of the 1990s •Free trade being incorrectly associated with free direct investment, free capital flows, free immigration!
- 6. The North-South Divide •Incorrect assumption – the disillusionment with globalization is worldwide • Poor countries of the south view globalization as a positive •Role reversal from the1950s/1960s when the belief was that poor countries would be subject to dependencia •Fears of ‘neo-colonialism’ Irony: Cardoso, the originator of dependencia became President of Brazil and helped in globalization of the country
- 7. Differences from yesterday The first ‘multinational’ – The East India company Constructing railroads across the world Extraction of minerals worldwide Free flow of capital
- 8. Advancements in communication technology Insecurities – increased competition Interdependence leading to loss of competencies Need to allay fears and analyze phenomena more closely
- 9. A Trilogy of Discontent Anti-Capitalism Anti-Globalization Anti-Corporation
- 10. Anti-Capitalism Disenchanted traditionalists engaging in anti-Davos protests Beguiling alternative of Soviet model Derrida’s ‘deconstructionism’ and Foucault’s profundity Influence of post-colonial theorists, post-modernists and Marxists Inversion of David Hume’s concentric circles of reducing empathy
- 11. Anti-Globalization Disenchanted traditionalists engaging in anti-Davos protests Beguiling alternative of Soviet model Derrida’s ‘deconstructionism’ and Foucault’s profundity Influence of post-colonial theorists, post-modernists and Marxists Inversion of David Hume’s concentric circles of reducing empathy
- 12. Anti-Corporation Irrational view of ‘Race to the bottom’ Medieval approach of hostility to profits and corporations
- 13. Other sources of anti-globalization The Right Right wing attitudes of xenophobia and national identity Extremists like BJP pitching for self-reliance and sovereignty Anti-immigration rhetoric – environmental costs
- 14. Other sources of anti-globalization Communitarianism ‘Immoral’ to buy the right to pollute – carbon credits Marx’s commodification process – increased commercialization
- 15. Other sources of anti-globalization Anti-Americanism America’s military and economic hegemony Intention of throwing ‘sand into the gears of globalization’
- 16. America’s military and economic hegemony Intention of throwing ‘sand into the gears of globalization’