globalization l8

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Lecture Eight

Evaluating Globalization:

Policy and Normative Issues


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Neoliberalism

Rejectionism

Reformism


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Creating a market-led globalization

Governance agents are supposed to build up anenabling environment for global market forces and

then let the private sector deliver the social good withmaximum efficiency


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Major policies Li ralizati n f r - r r tran a ti n

Deregulation of market dynamics

Privatization of both asset ownership and social serviceprovision

Tight limits on public spending


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The problems of neoliberalism Fail t a r th r ial f r that ar at w rk

in globalization, i.e., the logic of surplus accumulationand exploitation in capitalism

Downplay the problem of structural inequalities, , e.g.class and country inequality

Economic determinism that neglects the political andcultural factors in understanding the dynamics incapitalism


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Blocking the development of

g o a za onReverse the trends of transplanetary

relationshipRebuild society on the basis of self-


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The problems of rejectionism

- ,and social inequalities in class and gender within anational framework

Neglect the benefits of globalization, e.g. thetechnological developments that facilitating a more

Impracticable after the transplanetary connectionshave already developed in a large scale


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Against the neoliberalist approach of globalization Aims to limit the harms and enhance the fruits of

g o a za on, e.g., se ng soc a sa e y ne , env ronmen aprotection policies, corporate citizenship Reforming the existing capitalist governance agencies (like

state, substate and macro-regional and transworld

institutions) to execute policy interventions in theglobalization process The major tool is the democratic system and its policy

, . . Urge to enhance the transparency of regional and global governance

agencies


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The problems of reformism

Overly elitist in formulating measures, preserving the

existing governance agencies as the tools of reform

Overly focusing on materialist issues of globalization

and sticking with the democratic system that iswestern in nature, neglect the cultural and ideationalissues


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Also against the neoliberalist approach of

Aims to change the social structure in orderto bring about new policies and regulations

To transcend the capitalist social order byadvocating new social values and institutions


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Socialist: challenging the capitalist order and advocating amore egalitarian system of distribution

Anarchist: challenging the complex bureaucratic systemand advocating a de-centralized, small-scaled, non-hierarchical, non-professional decision-making

mechanism

Problems of transformism

Lack of specific plan of social development and concrete policy agenda

Serve only as critical ideas for revealing the shortcoming of capitalistglobalization


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Ambitious reformism: maximize possible gains fromglobally oriented social democracy and looks to

this reformist approach

Social security Ecological security: Strengthen the existing suprastate mechanisms inregulating environmental problems, e.g., Strengthen the power of

United Nations Environment Programme to achieve the status similarto World Trade Organization

Job creation: Implementing job support initiatives like those educationand training programs for better equipping labor in the process ofeconomic restructuring ; Multi-lateral agencies for job-creating globalpublic work projects for the underprivileged groups


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Social equality

Class inequality: Develop global anti-monopolymechanism and establish global antitrust

authority to ensure competition

in the Bretton Wood institutions (World bank &IMF) to allow the poor countries to have more sayon the supportive policies


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The significance of politics in individual

eve n e age o g o a za on

The knowledge and practice in thepolitics of globalization


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Scholte, Jan Aart. 2005. Globalization: a Critical Introduction. Basingstoke:

Palgrave Macmillan.


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Date: Dec 18, 2012

Time: 15:00 17:00

Venue: G01

globalization l8

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