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  • Essay / Globalization must be regulated - 2322

    Globalization is the phenomenon which increases exchanges of all kinds (information, goods, capital, people, etc.). Globalization is a complex process, as it concerns many different areas such as economy, environment, culture or trade. (Fletcher and Brown, 2005, p. 396) From an economic point of view, globalization results in an extension of exchanges of goods and services, a progression towards the internationalization of production. The post-industrialization era gives an important role to international regulatory organizations, such as the International Monetary Fund (IMF) or the World Bank and the World Trade Organization (WTO). The intensification of global social relations that connect distant localities so that what happens locally is shaped by events that occur miles away, and vice versa. (Giddens, 1990, p. 64). With this statement, globalization shows that it can have numerous consequences on individuals, on the economy and social policies in particular. That is, on the measure usually taken by governments, local government organizations or companies that provide social protection, health protection and income. From a liberal perspective, globalization contributes to greater competition and transparency, factors that increase wealth and economic efficiency. (Aubry Eric, 1992, number 12) For critics of this phenomenon, globalization accentuates inequalities, reduces the chances of government intervention in national economies, thus reducing the margins of States in terms of social protection of their fellow citizens. Social policies are seen here as a means of compensating people harmed by the phenomenon. (Aubry Eric, 1992, number 12) The 21st century has certainly...... middle of paper ...... to implement public policies on a national scale to carry out the reorganizations of the economies involved. International financial institutions such as the World Bank and the IMF or for Central Europe, European banks coordinate their actions. However, instead of reforming domestic industries, these institutions have inefficient states and ensure the creation of new jobs. The erosion of the nation state and national sovereignty is overblown. (Held et al, 1999, pp. 2-10) However, these adaptation efforts will remain in vain if a globalization regulatory committee is not built, in order to ensure general and balanced development likely to benefit the world. unity of countries. . This existing capitalist system of production has a profound effect on our lives and work experiences. The labor market alone would not be enough to share the benefits of this reorganization.