BRIENNE PARAGAS THE CONTEMPORARY WORLD

BSED-2
CLAIMS OF GLOBALIZATION

By Manfred B. Steger
1. Globalization is About the Liberalization and Global Integration of Markets (not
an ideology)

This claim is anchored in the liberal ideal of the self-regulating market as the
normative basis for a future global order. The liberalization and integration of global
markets are presented as both desirable and “natural” phenomena that promote
individual liberty and material progress in the world.
2. Globalization is Inevitable and Irreversible

According to this assertion, globalization involves a spread of irreversible market forces

driven by technological innovations that make the worldwide integration of national
economies inevitable. The portrayal of globalization as some sort of natural force
suggests that people must adapt to the discipline of the market if they are to survive and
prosper.
President Clinton on US Foreign Policy “Today we must embrace the inexorable logic of
globalization– that everything from the strength of our economy to the safety of our cities,
to the health of our people, depends on events not only within our borders, but half way a
world away”
3. Nobody is in Charge of Globalization

“The great beauty of globalization is that no one is in control. The great beauty of
globalization is that it is not controlled by any individual, any government, any
institution” – Robert Hormats, vice chairman of Goldman sachs

The meetings, the groups, the foundations, that all work on spreading neoliberal
principles and new world order principles have been deeply rooted in ancient history.
4. Globalization Benefits Everyone

This claim lies at the very core of market globalism, because it provides an affirmative
answer to the crucial normative question of whether globalization should be considered
a good or a bad thing. Market globalists assert that free trade and open markets provide
the best prospect for creating jobs, spurring economic growth, and raising living
standards around the world. While market globalists typically acknowledge the
existence of unequal global distribution patterns, they insist that the market itself will
eventually correct some of these “irregularities.”
5. Globalization Furthers the Spread of Democracy in The World

This claim is rooted in the assertion that free markets and democracy are two sides of the
same coin. Persistently affirmed as “common sense,” the actual compatibility of these
two conditions remains nonetheless an open question.

Reference:
Six Core Claims of Globalization by Manfred Steger.(2011, September 21). Retrieved from
https://towerofrebel.wordpress.com/2011/09/21/six-core-claims-of-globalization-by-manfred-steger/