CONFLICT, WAR, TERRORISM, TRADE & FINANCE

CONFLICT,WAR, TERRORISM, TRADE &amp FINANCE

Globalizationrefers to the great interrelationship, interconnectedness andhomogenization of the worlds societies. The term is associated with a‘global shift’ characterized by increased movement of people,technology, shared economic and political aspects. The term denotesthe widespread deepening and broadening global society sharingvarious aspects of social, economic and political aspects (Goldstein&amp Pevehouse 233).

Theidea of globalization is perceived differently by differentindividuals. According to hyper globalist, the States areincreasingly being subjected to great social, economic and politicalchanges, thereby eroding the significance of states power (Held,McGrew, Goldblatt &amp Perraton 2). States operations are beeninfluenced by unprecedented circumstances beyond the states controlStates are slowly being reduced to implementers of global decisionsmade elsewhere (Steger110).

Theskeptics, on the other hand, refute the claim by the hyper globalistthat the states are dictated by global unprecedented circumstances.Although there are great changes at international level affectingsocial, economic and political activities in states, skeptics believethat such changes have not weakened the states but rather,strengthened and reinforced the states powers. In this respects, theskeptics view globalization as a positive wave strengthening theoperations of individual states(Steger 103).

Thetransformationalists, on the other hand, observe that, globalizationreflects the emerging trends of new political, social and economicaspects that are instrumental in positively transforming individualstates. However, the transformationalists believe that the future ofglobalization is uncertain and that politics has no bearings ininfluencing globalization (Held et al. 3).

Despitethe different approach in which the skeptics, transformationalistsand the hyper-globalist have in regard to globalization, they allacknowledge that globalization is indeed a reality contributing toincreased interconnectedness of states. Globalization is creating andgenerating increased social relations, transactions, networks ofactivities, power influence and interregional flow of goods, servicesand people. In addition, globalization is intensifying and speedingworldwide interactions and the intensity of interactions in allaspects of world life (Goldstein &amp Pevehouse 240).

Contraryto the skeptics view, globalization has led to weakening of statespowers over the economy states have been subjected to the influenceof global multinationals, intergovernmental bodies and treaties thatdictate trade transactions, leadership and other important socialaspects within states. Significant changes taking place in parts ofthe world have had great influence within the states especially onmatters of trade transactions (Ritzer202).As the hyper globalist and the liberal economist opines, States nolonger have supreme authority over certain economic issues that cutacross different states. For instance, International trade treatiesand transactions influence cut across different state jurisdictionborders. Globalization is a form of liberalized global economy inwhich the States influence on trade has been reduced. Liberaleconomics advocate for reduced or no State influence over the economy(Held, McGrew, Goldblatt &amp Perraton 2).

Indeedglobalization has increased interconnectedness through social,political and economic activities. There are increased intensity andspeed with which goods, ideas information, capital and people areinteracting beyond the State borders. Local and foreign developmentsare creating significant influence on other areas of the worldblurring the domestic boundaries. Globalization is beneficial andimportant to any State economy. States require imports, exports,exchange or transfer of goods, services, capital or ideas acrossborders. Even in circumstances where the government has had strictregulation on economy, events happening elsewhere have penetratedpast government regulations. To a great extent, globalization issignificant for the State economy. However, governments to regulatecertain harmful trade practices such as the drug trade or other thatmight harm local industries(Ritzer 302).

WorksCited

HeldDavid, McGrew Antony, Goldblatt David &amp Perraton Jonathan, “Whatis Globalization? Global Transformations,” 1999. Retrieved on2014-07-11, fromhttp://www.polity.co.uk/global/whatisglobalization.asp

Goldstein,Joshua S., &amp Pevehouse, Jon C., “International Relations,”Pearson Education Inc., 2012. 608pp. Print

Ritzer,George, “Globalization:The Essentials.”NY: John Wiley &amp Sons. 2011. Print.

Steger,Manfred.Globalization.”New York: Sterling Publishing, 2009.