Topic > The Political Economy of Globalization - 1160

Globalization exists when neither distance nor international borders hinder economic transactions. Furthermore, globalization increases political relations between a wide variety of people and nations. Globalization, according to L. Mosley, “neglects political borders” (Mosely, 2007, p. 107); establishes a sense of openness and acceptance in all corresponding countries. In “The Political Economy of Globalization,” Layna Mosely asks the question: “Economic globalization alters the capabilities of national governments. Globalization brings financial benefits to countries and increases “overall national well-being,” but how does globalization affect governments? (Mosely, 2007, p. 107) According to N.Klien, globalization and economic prosperity work in correspondence with national reform, he discusses this correlation with globalization and its involvement in South Africa. With an unsatisfied political structure, a state, regardless of resources and potential, can still endure collapse. Political unrest in South Africa has resulted in statewide unrest; political instability and restrictions imposed on various associations (WTO, GATT) made success difficult. I believe that globalization, instead of damaging the nation state, is actually facilitating it; the existence of national associations can reject or accept any notion of globalization. Globalization has certainly impacted both developing and developed nations, only causing them to adapt to these circumstances. In “The Political Economy of Globalization,” Layna Mosely exemplifies the various changes and influences brought about by globalization. Globalization has raised political boundaries; this is the result of “deliberate policy decisions… middle of paper… balization increases political associations across a broad mix of companies and nations. Mosely and Klien discuss the repercussions of globalization and its influence on the nation state; they figuratively agree on the pressure it inflicts. Mosely discusses how globalization could further constrain and accelerate government action. Klien argues about the restrictions and potential that globalization could promote. I believe that globalization further facilitates government interventions; the existence of national structures can discard or enable any notion of globalization. Globalization has certainly impacted both developing and developed countries, only causing them to adapt. Bibliography Mosley, L. (2007). The political economy of globalization. 106-112Klien, N. (2007). Democracy is born in chains: South Africa has limited freedom. 233-261