in defense of globalization
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In Defense of Globalization
Sumit Singla P08056
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
What Critics SayHypocrisy…
double standards… unfair
trade!
Protectionists is what these rich countries are!
Average industrial protection higher in poor countriesExtensive agricultural subsidies
The facts:
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!
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
Differences from yesterday
The first ‘multinational’ – The East India company
Constructing railroads across the world
Extraction of minerals worldwide
Free flow of capital
Advancements in communication technology
Insecurities – increased competition
Interdependence leading to loss of competencies
Need to allay fears and analyze phenomena more closely
A Trilogy of Discontent
Anti-Capitalism
Anti-Globalization
Anti-Corporation
Anti-Capitalism
Disenchanted traditionalists engaging in anti-Davos protests
Beguiling alternative of Soviet modelDerrida’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
Anti-Globalization
Disenchanted traditionalists engaging in anti-Davos protests
Beguiling alternative of Soviet modelDerrida’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
Anti-Corporation
Irrational view of ‘Race to the bottom’
Medieval approach of hostility to profits and corporations
Other sources of anti-globalizationThe Right
Right wing attitudes of xenophobia and national identity
Extremists like BJP pitching for self-reliance and sovereignty
Anti-immigration rhetoric – environmental costs
Other sources of anti-globalizationCommunitarianism
‘Immoral’ to buy the right to pollute – carbon credits
Marx’s commodification process – increased commercialization
Other sources of anti-globalizationAnti-Americanism
America’s military and economic hegemony
Intention of throwing ‘sand into the gears of globalization’
America’s military and economic hegemony
Intention of throwing ‘sand into the gears of globalization’
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