Impact of Globalization on Democracy
- Submitted by: Elenita
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- Category: Politics: Political Science
- Date Submitted: 08/30/2010 10:11 PM
- Pages: 10
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The Impact of globalization on democracy!
We have increasingly become accustomed to hearing of
terrorism, poverty and environmental disasters etc.
occurring all over the globe. Many may even have become
somewhat desensitized to the various reports emanating
from our newsrooms. Sentiments such as feelings of
‘inevitability’, hopelessness or anger that ‘things are not
working’ in our globalized society, are commonplace.
After the shortcomings of state protectionist policies,
evident in the 70s and 80s Australia, financial
liberalization has been welcomed by many as the most
important trend in, not only Australia but also the modern
world economy (Treasury & Reserve Bank 2003). Others
argue that this development is causing the problems of
our contemporary world (Andrew Hurrell et al, 1995, p.449)
as well as the globalization phenomenon.
Whether one subscribes to the inadequacy of economic
liberalism in its’ position as the dominant political
paradigm today, to solve the widespread problems we are
facing, or believes it is responsible for those occurrences,
it is evident that a number of political economists address
global issues by exploring alternative models of
governance, as apathy toward political participation
abound (Robert Kuttner, p.155). David Held has made a
case for cosmopolitanism, a global democracy “extending
across nations regions and global networks” (1996, p.
353). This author however takes issue with the possibility
of and necessity for such global governance and argues
that due to the policy inaction of economic liberalism
which by popular perception governs the impact of
globalization, democracy itself is in crisis. It is not hereby
proposed that democracy is in a state of collapse, rather it
infers that its’ strength is challenged and efficiency...
We have increasingly become accustomed to hearing of
terrorism, poverty and environmental disasters etc.
occurring all over the globe. Many may even have become
somewhat desensitized to the various reports emanating
from our newsrooms. Sentiments such as feelings of
‘inevitability’, hopelessness or anger that ‘things are not
working’ in our globalized society, are commonplace.
After the shortcomings of state protectionist policies,
evident in the 70s and 80s Australia, financial
liberalization has been welcomed by many as the most
important trend in, not only Australia but also the modern
world economy (Treasury & Reserve Bank 2003). Others
argue that this development is causing the problems of
our contemporary world (Andrew Hurrell et al, 1995, p.449)
as well as the globalization phenomenon.
Whether one subscribes to the inadequacy of economic
liberalism in its’ position as the dominant political
paradigm today, to solve the widespread problems we are
facing, or believes it is responsible for those occurrences,
it is evident that a number of political economists address
global issues by exploring alternative models of
governance, as apathy toward political participation
abound (Robert Kuttner, p.155). David Held has made a
case for cosmopolitanism, a global democracy “extending
across nations regions and global networks” (1996, p.
353). This author however takes issue with the possibility
of and necessity for such global governance and argues
that due to the policy inaction of economic liberalism
which by popular perception governs the impact of
globalization, democracy itself is in crisis. It is not hereby
proposed that democracy is in a state of collapse, rather it
infers that its’ strength is challenged and efficiency...