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In the post-World War II period, states sacrificed globalization while embracing democracy at home and national autonomy. [7] The trilemma suggests that the backlash against globalization in the last few decades is rooted in a desire to reclaim democracy and national autonomy, even if it undermines economic integration. [ 7 ]
Globalization can be partly responsible for the current global economic crisis. Case studies of Thailand and the Arab nations' view of globalization show that globalization is a threat to culture and religion, and it harms indigenous people groups while multinational corporations profit from it.
Hyper-globalization is the dramatic change in the size, scope, and velocity of globalization that began in the late 1990s and that continues into the beginning of the 21st century. It covers all three main dimensions of economic globalization , cultural globalization , and political globalization .
1, Global war, which a) involves almost all global powers, b) is 'characteristically naval' [18] c) is caused by a system breakdown, d) is extremely lethal, e) results in a new global leader, capable of tackling global problems. [19] The war is a 'decision process' analogous to a national election. [20]
Globalization is beneficial under the condition that the economic management operated by national government and the example is East Asian countries. Those countries (especially South Korea and Taiwan) were based on exports through which they were able to close technological, capital and knowledge gaps.
Since its inception, the WTO has imposed policies that have encouraged the growth of neoliberalism and aggravated the divide between the Global South and North. For example, its protectionist policies consistently seem to favor the Global North, with OECD countries providing its farmers with “support equivalent to 40.43% of the value of farm ...
Hirst and Thompson note that globalization is an important topic, not only in economics, but also in the social, political and managerial sciences. There is much talk of the "global village" and it is often argued that a truly global economy has emerged, or is in the process of emerging. This global economy, it is further argued, in what might ...
The threats include economic, military, food, population, and even space. [8] Some commentators point out that the dictatorship system in mainland China is the main cause of the threat theory. Chinese officials believe that the threat theory originated from statements used by Western countries to suppress China's development in the post-Cold ...