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The Connection Between Globalisation And the 'Third Wave of Democracy' - Analyse Essay Example

The Connection Between Globalisation And the 'Third Wave of Democracy' - Analyse

The increase in the number of democratic countries from 78 to 138 would seem to confirm that globalization increases the number the democratic countries, but how would we reconcile with the second wave of democracy were democratic institutions returned to authoritarian rule?2) Globalization eliminates the social correctives to the market economy. This loosening of the social safety net together with the on-going restructuring of the economic system (frequently labeled as “New Economy”) increase social inequality: the rich richer and the poor poorer. A result of these developments is the threat to the very social foundations of contemporary democracies.In explaining external pressure, Beliaev (n.d) discussed that the impact of globalization on modern democracies is usually debated under the name “crisis of the state”: “Globalization increases the potential mobility of financial capital, real investments, goods and services, and to a more limited extent, highly skilled labor. He argued that consequently, mobile economic actors are better able to avoid undesirable state regulations or to profit from ones that are more advantageous. Thus, he said that “to the extent that countries depend on these actors, or on the resources they control, they are forced into a competition for locational advantage that has all the characteristics of a Prisoner’s Dilemma game, and that reduces the capacity of the territorial state to shape the conditions under which capitalist economies must operate” citing Scharpf (1998).What Beliaev (n.d) saw as widespread vision is that globalization has directly challenged the ability of states to govern autonomously, even in the domain of domestic policy? He believed that states are losing their control over:* financial flows and transnational organization of production, due to the huge worldwide electronic money transfers, growing significance of off-shore zones, increasing ability of transnational corporations decide upon organization of production across national borders;

preview essay on The Connection Between Globalisation And the 'Third Wave of Democracy' - Analyse
  • Pages: 6 (1500 words)
  • Document Type: Essay
  • Subject: Social science
  • Level: Undergraduate
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