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Globalization as Dollar and Kraay Put it
Globalization affects all societies of the modern world. No matter independent a community is, the far-reaching effects globalization has on public policy, finance, and international relations cannot be overlooked. This spawned fierce debate from two sides of opinions, the supporter of globalization, the ¡¥globalists¡¦ ; and the anti-globalist, the ¡¥skeptics¡¦. ... Closely examining literatures on this topic has led me from being an anti-globalist to believing that globalization is inevitable.
¡§Spreading the Wealth¡¨ touched on many aspects of the effects of globalization. ... Also, they point out that inequality that exists in today¡¦s world cannot be directly linked to globalization. ... Another small, but significant point made was that even though there are not many globalizers ¡V countries embracing globalization ¡Vwho have done well economically, there are no non-globalizers who has been successful at all! ... How Vietnam has decreased poverty and child labor, improved education; these were the effects of globalization. ... Not only do the developed countries need to change in the face of globalization, but so do developing countries, suggests the article. ... Yet is globalization the chief reason for their success? Globalization implies that a country adheres to international judicial and finance standards, but China, though ¡¥opened¡¦ its markets, has kept a strong grip on its financial markets. ... Maybe it has nothing to do with globalization. ... If this developed country - being a democracy and has the economic power to pull the gap closer - has not done well in distributing the wealth it had gained from globalization, then should we expect developing countries to do better? ... ¡¨ Perhaps the most shocking fact was given by Held and McGrew in their book Globalization/Anti-Globalization. ... The positive effect of globalization has on inequality as suggested by Dollar and Kraay may after all be not so convincing. ... The inequality driven by globalization is in no way stopping its integrating forces. ... It is impossible to examine globalization form a purely economical sense, because it involves huge political interest, ethical issues, etc. Instead of thinking the anti-globalizer¡¦s way or taking the globalizer¡¦s stand, as Held and McGrew hinted, rather think of globalization has a ¡¥historical transition¡¦, with an end result that brings humanity together, where its civilization may develop as a whole.
Approximate Word count = 2255
Approximate Pages = 9
(250 words per page double spaced)
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