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Realpolitik (/ r eɪ ˈ ɑː l p ɒ l ɪ ˌ t iː k / ray-AHL-po-lih-teek German: [ʁeˈaːlpoliˌtiːk] ⓘ; from German real 'realistic, practical, actual' and Politik 'politics') is the approach of conducting diplomatic or political policies based primarily on considerations of given circumstances and factors, rather than strictly following ideological, moral, or ethical premises.
Realism, a school of thought in international relations theory, is a theoretical framework that views world politics as an enduring competition among self-interested states vying for power and positioning within an anarchic global system devoid of a centralized authority.
Although globalization has promised an improved standard of living and economic development, it has been heavily criticized for its production of negative effects. Globalization is not simply an economic project, but it also heavily influences the country environmentally, politically, and socially as well.
It celebrates the idea of conflict between nations as a means of asserting the national will and strengthening the state. This idea is somewhat related to "Realpolitik", but it specifically acknowledges that the German Empire was established through the use of force by the Prussian military and Otto von Bismarck's diplomacy. It also reflects a ...
The definition thus implies that there were pre-modern or traditional forms of globalism and globalization long before the driving force of capitalism sought to colonize every corner of the globe, for example, going back to the Roman Empire in the second century AD, and perhaps to the Greeks of the fifth-century BC. [6]
Economic globalization is the intensification and stretching of economic interrelations around the globe. [3] [4] It encompasses such things as the emergence of a new global economic order, the internationalization of trade and finance, the changing power of transnational corporations, and the enhanced role of international economic institutions.
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.
Globalization and Its Discontents is a book published in 2002 by the 2001 Nobel laureate Joseph E. Stiglitz. The title is a reference to Freud's Civilization and Its Discontents . The book draws on Stiglitz's personal experience as chairman of the Council of Economic Advisers under Bill Clinton from 1993 and chief economist at the World Bank ...