ReviewEssays.com - Term Papers, Book Reports, Research Papers and College Essays
Search

To What Extent Is Globalisation a Relatively New Process in World Politics?

Essay by review  •  November 23, 2010  •  Research Paper  •  1,165 Words (5 Pages)  •  983 Views

Essay Preview: To What Extent Is Globalisation a Relatively New Process in World Politics?

Report this essay
Page 1 of 5

To what extent is globalisation a relatively new process in world politics?

In this essay, I will be attempting to explain to what extent is globalisation a relatively new process in world politics. The definitions of globalisation and it's history; from which can debated if there is an actual history to globalisation or is it just a recent process in world politics. This essay will making the argument that it is not a new process but just recognised recently as such.

Globalisation is an intensely contested and often misunderstood concept.

To state that globalization is a new concept is to state that international trade is a new phenomenon. It has been a concept, and a major precept of Classical economists, ranging from the physiocrats to David Ricardo. He talked a lot on Mercantilism. Mercantilism was a prevalent economic strategy during the sixteenth century and up till the seventeenth century, because it supported the political structure and the economic circumstances of that time. Mercantilism is an economic strategy that makes the assumption that wealth is finite. To become wealthy, a country must colonize to search for new sources of species (precious metals), take other countries' wealth, and maintain a favourable balance of trade. This meant the government must dictate economic activities, internally and externally, making the country into a closed economic system. However, the physiocrats believed that government intervention not only artificially inflates prices; government intervention is also a detriment to the development of higher quality products. Reforming economic choices towards free market was the first step to globalization. Ricardo also wrote about a world where countries should specialize in a particular industry and trade with each other for the greater good. The shift from mercantilism to classical economic ideas caused the British, French, and Germans to trade openly with each other, which is a perfect model of globalization.

As the free market system became the prevalent economic model, imperialism grew as an economic strategy. Imperialism was greeted with harsh criticism. Dependency theorists stated that the underdeveloped countries were being Ð''raped' by the major economic powers. Dependency not only stripped the underdeveloped country of its resources, but it also subjugated them to the industrialized country and to their product dumping. According to Lenin, imperialism was the systematic exploitation of underdeveloped countries by the Financial Capitalists, wanting to gain profits off their quasi-colony.

There is nothing particularly new about the existence of globalisation. The reasons that it has emerged recently can be due to the way in which globalisation has gone through a period of rapid escalation. Otherwise, it is hard to see any clear defining qualities that globalisation has that has not been here in the previous centuries. One reason that could explain this is due to the fact that in the early twentieth century through to the 1950's, globalisation had in effect gone into reverse causing its re-emergence to be seen as a Ð''new wave' of globalisation.

Andrew Gunder Frank argues that globalisation is at least 5,000 years old. By 1500 he says: Ð''there was a single global world economy with a worldwide division of labour and multilateral trade. That is unlikely as Christopher Columbus had only chanced upon America eight years earlier.

Although globalisation is arguably more dominant now than ever before, due to more influential factors; the basis of it has existed for over centuries picking up speed and development with the occasional relapse along the way. In effect globalisation now is felt more in the way that more countries are affected by it and more MNC's have emerged, a factor that was not really seen for the most part of the globalisations development.

Ð''Globalisation emerged as a buzz word in the 1990's, just as Ð''interdependence' did in the 1970's, but the phenomenon it refers to are not entirely new.

The debate over whether or not globalisation is a new phenomenon can be taken even further by saying that ever since man has travelled and left his place of origin; a basis of globalisation has existed. Globalisation has only recently become an issue as there has been a more dramatic spread of networks altering the cultures and economies of countries.

However, even though it's been argued globalisation was clearly under way by the eighteenth century, an alternative argument can be put forward. There is never any dispute over the fact that there was a large global trade network, but there is no means

...

...

Download as:   txt (7.3 Kb)   pdf (103.3 Kb)   docx (11.9 Kb)  
Continue for 4 more pages »
Only available on ReviewEssays.com
Citation Generator

(2010, 11). To What Extent Is Globalisation a Relatively New Process in World Politics?. ReviewEssays.com. Retrieved 11, 2010, from http://islamicnamesatoz.com/essay/To-What-Extent-Is-Globalisation-a-Relatively-New/14388.html

"To What Extent Is Globalisation a Relatively New Process in World Politics?" ReviewEssays.com. 11 2010. 2010. 11 2010 <http://islamicnamesatoz.com/essay/To-What-Extent-Is-Globalisation-a-Relatively-New/14388.html>.

"To What Extent Is Globalisation a Relatively New Process in World Politics?." ReviewEssays.com. ReviewEssays.com, 11 2010. Web. 11 2010. <http://islamicnamesatoz.com/essay/To-What-Extent-Is-Globalisation-a-Relatively-New/14388.html>.

"To What Extent Is Globalisation a Relatively New Process in World Politics?." ReviewEssays.com. 11, 2010. Accessed 11, 2010. http://islamicnamesatoz.com/essay/To-What-Extent-Is-Globalisation-a-Relatively-New/14388.html.