Globalization

Globalization is the process of increasing interaction among people, businesses, and governments worldwide, in which traditional political, cultural and economic barriers may break down. It is a controversial proccess, some believing that it makes new resources and opportunities available, while others believing that it destabilizes working social systems in the interest of alliances and financial cooperation that has no popular legitimacy.

It is not that globalization is new, but the scale of globalization is new, accelerated by technology. International trade, to say nothing of invasion, has been a form of globalization for millenia, such as the Silk Road across Central Asia from East Asia to Europe. In some cases, corporate "pseudo-persons" may take the role of colonialist powers. Job loss, "brain drain", and resource exploitation are all concerns.

Acceleration suggests that the current wave of globalization has qualitative differences. Since 1950, for example, the volume of world trade has increased by 20 times, and from just 1997 to 1999 flows of foreign investment nearly doubled, from $468 billion to $827 billion. Distinguishing this current wave of globalization from earlier ones, author Thomas Friedman has said that today globalization is “farther, faster, cheaper, and deeper.”

Not by economics alone

Global expansion is most often thought business-driven, but there is a significant cultural and religious aspect. Benjamin Barber describes the class in his book Jihad vs. McWorld, in which he proposes one current of "a current narrowly conceived faiths against against every form of interdependence...against modernity itself as well as the future in which modernity issues. The second paints that future in shimmering pastels, a busy portrait of onrushing economic, technological, and ecological forces that demand integration and uniformity and and mesmerize people everywhere with fast music — MTV, Macintosh and [[McDonald's] — pressing together into one homegeneous theme park....caught between Babel and Disneyland, the planet is falling precipitously apart and coming reluctantly together only at the very same moment.

On the economic front, globalization has accelerated when even nominally Communist states such as China and Vietnam accept market economies and allow foreign investment. Increasingly free trade is a major factor.

In the Pentagon's New Map, Thomas P. M. Barnett sees technology as defining the new relationships, and splits the world into a "connected core" and those countries not connected to the core. The political philosophy of neoconservatism considers Western liberal democracy the panacea, although this is not always compatible with business interest: Francis Fukuyama wrote

we may be witnessing..the end of history as such: that is, the end point of mankind's ideological evolution and the universalization of Western liberal democracy as the final form of human government.

Fukuyama is Huntington's student, but disagrees with some of his mentor's views. Samuel Huntington, however, sees, in The Clash of Civilizations and the Remaking of World Order, the world as inherently multicultural, with too much pressure to homogenize as a recipe for war.

Information technology, first radio, then television, then the Internet, reduces barriers.

Religion is a globalizing force, especially Militant Islam, whose goal is to bring regions, or the world, into the common culture of the Dar al- Islam, "House of Islam", rather than the Dar al-Hab ("House of struggle/war"). Even within this context, there is different opinion if an Islamic culture can be generally modern, or if it must follow the Salafist belief of staying at the lifestyle demostrated by the Prophet.

Enablers

• World Bank [r]: Collective name for the International Bank for Reconstruction and Development and its affiliates: the International Finance Corporation, organized in 1950 to provide long-term project financing to developing countries; and the International Development Association, formed in 1960 to make long-term loans at low interest rates. ^[e]
• International Monetary Fund [r]: International organization that oversees the global financial system by stabilizing international exchange rates and facilitating development, and offering highly leveraged loans mainly to poorer countries. ^[e]

Regional agreements

• European Community [r]: Add brief definition or description
• Economic Community of West African States [r]: An active sub-continental organization for economic development and conflict resolution ^[e]
• North American Free Trade Agreement [r]: A free trade agreement among Canada, Mexico and the United States of America ^[e]
• MERCOSUR [r]: A free trade agreement among some countries of the Southern Cone (Argentina, Brazil and Paraguay) and Canada ^[e]

Controversies

Globalization is deeply controversial. Some claim it provides opportunities in poor countries, while others claim it exploits both the poor and rich, often for the benefit of pseudo-governmental organizations not accountable to the governed.

Globalization is of deep concern even in rich countries. Offshoring of jobs has been a major issue in the United States, just as the idea of legal and illegal foreign workers and the associated immigration policy. Some manufacturing jobs keep migrating to places with lower labor costs, as from the United States to Mexico to China to Vietnam.