Globalization and Third World Countries Research Paper

Pages: 5 (1421 words)  ·  Style: MLA  ·  Bibliography Sources: 1  ·  File: .docx  ·  Level: College Senior  ·  Topic: Economics

Benetti

Globalization According to Benetti

Like the nation-building strategies of the past, globalization is a deeply controversial force. Its potential for collective improvement is a definition roundly rejected by many social welfare activists, who instead see it as a means to furthering conditions of economic inequality. Its advocates view globalization as the inherent effect of technological advance, with natural market tendencies serving as the prime impetus for expansion beyond traditional nation-state parameters. In this way, globalization is seen as an evolution of market behaviors, with our technological capabilities and a degree of cultural relativism breaking barriers to inter-state commerce. The controversy in definition, however, is drawn from the divergence between that which globalization aspires to accomplish and those occurrences which are the actual repercussions thereof. The 2004 text by Raffaelo Benetti makes a case study of a set of contexts in which globalization has been carried out, examining the implications of this divide. In Survival of Weak Countries in the Face of Globalization: Puerto Rico and the Caribbean, Benetti tends to favor globalization insofar as he recognizes its inevitability, but he also pays due attention to the challenges implicated to the developing nations which are inherently involved.Buy full Download Microsoft Word File paper
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Research Paper on Globalization and Third World Countries Assignment

Primary to his discussion in Benetti's recognition that globalization has largely been a process of natural evolution in world affairs. As the text provides, one primary "reason for the incredible development of international business in the past fifty years is undoubtedly the liberalization policies of many governments in cross-border movements of goods, services and capital." (17) In no small way accelerated by the dissemination of communication technologies such as the internet and mobile cellular devices, globalization primarily concerns the breakdown of barriers to free trade between sovereign states and the elimination of restrictions to the multinationalization of corporations. Its advocates argue that this is contributory to a system which is collectively beneficial to all parties involved.

This has precipitated several key international financial institutions which provide a forum for the intercession of national commercial interests. It is through such nations that trade policies are increasingly liberalizing. Accordingly, Benetti tells that "the reduction of existing barriers to international trade, and in particular the action taken by the countries of GATT-WTO, has facilitated political and economic relations between countries, exponentially multiplying exchange opportunities." (17)

However, these opportunities have not always been entirely positive for all parties involved. As relations with developing nations continue to soften, primarily due to the pressures of corporate interests on both sides of the trade line, weaker partners are increasingly given the short end of trade preferences in relation to larger and wealthier nations. Indeed, this follows a decade of labor rights and environmental standards in such nations that have not aligned with those held as fundamental in the developed world. As a result, globalization has the effect of not simply failing to serve developing or westernized economies but even worse, of reinforcing negative trends of civil rights violation and environmental degradation. The early gains of globalization to many of the parties involved are ultimately superceded by the costs to economy and constitutionality.

This is underscored by the historical tendencies of colonialism and, in the time of the Cold War, nation-building, both of which were deeply unequal forces of global organization. Of globalization's trade patterns today, Benetti warns, "the understanding of trade in a mercantilist or colonial key doesn't seem to belong only to the history of the past centuries, but is an ever-present possibility to be aware of even today, in the relations between countries." (18)

There is a core danger that the outcome of globalization will be only the further exploitation of parts of the world already quite well-accustomed to such treatment. The examples provided in the text of Puerto Rico and the Islands of the Pacific illustrate a clear pattern within which colonialism has served opportunistically to use the resources, lands and labor sources of such weak nations as a way of advancing their own causes. In many ways, industrialized nations have used the clearly pressing need in such nations for economic growth to exploit low labor costs and non-existent environmental standards. They do so with the vaunted promise that globalization tends to lead to "growth of the product sales in the country of origin and export to… [END OF PREVIEW] . . . READ MORE

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Globalization and Third World Countries.  (2009, June 8).  Retrieved April 4, 2020, from https://www.essaytown.com/subjects/paper/globalization-third-world-countries/313114

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"Globalization and Third World Countries."  Essaytown.com.  June 8, 2009.  Accessed April 4, 2020.
https://www.essaytown.com/subjects/paper/globalization-third-world-countries/313114.