As due to globalization the world is turning into a global economy, moreover, it is also turning into a global system which is not only led by a few organizations but is controlled by them also. For example; America attacked Iraq because it said it needed to stop terrorist activities. This attack did not only affect the American economy but the world’s economy as a whole. Same is the case with democracy. A country cannot implement a policy or take a decision on just its own without considering its impact across the borders. For example, After the incident of 9/11 America is very careful in dealing with Muslims.
They are checked more at airports and have to deal with various other things. This attack had therefore not only had an impact on the nation itself but also many other nations which are connected to it. The democratic nations want the developing and the developed nations to adapt democracy. According to these nations, it is through democracy they can promote their own socio-political points of views and create individual freedom. Moreover, these nations also argue that capitalism is taking over the world and that there should be some competition. The coming century brings in an accelerated globalization phenomenon.
This phenomenon has already brought a lot of changes in the world and is waiting to bring even more. Economic growth in this world has come with a share of loss of cultural heritage and political authority. Many economists argue that in order to help the developing nations develop a good economy they will have to be given complete democracy. This means that they will be able to take their own decision which will not be affected by external organization such as United Nations etc. Asian tigers and Chinese dragons are certainly taking over the World.
The reason for this is the shift of economic benefits from the developed nations to the developing nations. Earlier, the developed nations made their own goods and sold it nationally and internationally. Now American and European companies want to have more profit and for that they are outsourcing employees form low waged countries. This has shifted the capital from developed nations to these nations which are now growing at a higher pace than the developed nations. However, it should be noted that the global economy also has an effect on the democratic systems in the world.
Therefore, it is not right to believe that it is only globalization which is affecting democracy. Nor it is right to believe that globalization has no affect on democracy. Globalization is not only shaking the ethics of a society but is also eliminating the important political elements. Democratic political system should not be compromised. However, it should be noted that the national democratic system is now changing and shifting towards a global democratic system. It s not correct to say that globalization has similar affects on the democratic systems and the economic and cultural systems.
Globalization is affecting each in a different way. It might be benefiting the economy but at the price of cultural heritage and democracy. Globalization is certainly not favouring democracy. Globalization has various impacts, which do not depend on the type of society or part of the world. Globalization has certainly shaken the foundations of democracy. The social, racial, religious and sectarian discrimination is increasing due to globalization. On the other hand it is also diminishing the cultural differences. The world is now unifying into a global culture with people forgetting their local cultures, values and even languages.
Globalization is destroying social, political and national accountability. Instability and tension in one part of the world has an affect on the other parts also, hence the sovereignty of the nations is also being destroyed. It might look as if the economy is growing; however this is not the case. Globalization has limited the economy. Wealth and resources have been centralized. Very few wealthy and influential people have the hold of majority if the global economy. Unemployment is increasing, more people are jobless, people are becoming more materialistic and wealth has been confined to few.
Globalization in future might have some positive affects also. As the world is becoming one, it is easier to share information. Reduced costs of transportation have made cheaper products and services available. Companies can now increase their profits by outsourcing from low waged countries. Globalization has also developed standards. Now no one can get ahead by setting up their own rules and regulations. The entire world has to follow the same rules and work along on the same platform. The world will become a global village and everybody is aware of their rights.
Globalization increases the democratic consciousness among people. The graph below shows how small countries are trading big. Slowly and steadily globalization has developed an international framework, along with which every country and every organization in the world can operate. Apart from all the positive affects which globalization can bring in future, a few negative affects can also be generated. As mentioned before globalization develops a global economy, and hence a global democratic system might exist but in future a national democratic system will be difficult to find.
The future of globalization and the future of democracy depend on the struggle between the two. Democracy at national level brings an end to globalization, and globalization brings s an end to democracy. However, with properly developed strategies and policies a global democratic system would not be difficult to handle. REFERENCES Beliaev, Mikhail (2003). Globalization; democracy and globalization: Sources of discontent. Department of cultural studies, Saratov state University. Bhagwati, Jagdish, Panagariya, Arvind and T. N. Srinivasan (2004).
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