Globalization An Ideology of Western Elitists Essay...

Globalization, both as an ideology and process, has become the dominant political, economical and cultural force in the 21st century (Steger, 2002, 6). As a social and economic concept, globalization has its roots in neoliberalism which advocates: the primacy of economic growth, free trade to stimulate growth, a free market, individual choice, reduction of government regulation, and global social development based on a western model (Steger, 2002, 9). Although globalization is not a new concept, technological advancements in the last few decades have, for the first time in human history, allowed for real global production, transport and communication. Nowadays, transnational corporations can â€Å"produce anything anywhere on the planet and†¦show more content†¦Under such conditions that deny materialistic inequality, egalitarianism cannot be achieved. Even though true egalitarianism is more of an idealistic than a practical concept, countries should nonetheless take steps to reduce the gap between classes (Dyck, 2009). In the unforgiving world of global market competition, governments should make sure that economic gains of the elites also translate into economic gains for the workers by ways of increased taxation and welfare programs (Dyck, 2009). The role of government and democracy weakens with increased exposure to globalization. Neoliberal theorists, like Adam Smith, believe that the market should work under the principle of homo economicus, in which isolated individuals work only in their self interest (Steger, 2002). Some expand this idea even more by suggesting that economics have a superior position to politics and that the two should always be separate. The application of these ideas raises important questions about the role of the state (Falk, 1999): Will it function in the future mainly as an instrument useful for the promotion and protection of global trade and investments or will it recover its sense of balance in the globalizing setting so that the success of markets will not be achieved at the expense of theShow MoreRelatedThe Case for Contamination by Kwame Anthony Appiah620 Words   |  3 PagesNew York Times, speaks of the topic of how globalization affects individuals in many aspects of their life. He discusses how forcefully preserving cultures can harm a culture more than help it. While the article is lengthy, it goes into great detail about how globalization affects people in countries all over the world, even Ghana. Globalization makes a large impact on the world we see today and cultural groups can benefit from the effects of globalization because it promotes diversity, creates cosmopolitanRead MoreChina And Its Impact On Chinese Citizens1537 Words   |  7 Pageseconomically to become one of the world’s mo st industrialized and modernized countries. One of the reasons for this accelerated growth of the country’s economy is the decision by the authorities to adopt an open economy aimed at tapping the benefits of globalization. During this period of economic growth, the country has progressively moved from a predominant agrarian society steeped in traditions to an industrialized and modernized society. This transformation has led to improvement of standards of livingRead MoreGlobalization and Its Discontents Essay examples1966 Words   |  8 PagesJoseph E. Stiglitz. Globalization and Its Discontents. New York: W.W. Norton amp; Company, Inc., 2003. 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