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Globalization global economy
Neo marxist theory of globalization
Globalization global economy
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After the collapse of the Soviet Union and the end of the Cold War between the Western Bloc and Eastern Bloc, the enduring ideological conflict between communism and capitalism was seen to come to an end. The global order has since entered into a neo-liberal capitalist era, with neo-liberal ideologies characterizing the various dimensions of the global order, such as international politics and economics. As the world is homogenizing into neo-liberal capitalist orders, the rich substances of the Marxist school on international relations seem rather distanced. However, this essay will argue the contrary. It seeks to justify that, instead of being irrelevant under the contemporary international relations, Marxism offer vital tools to contest the hegemony of capitalism through critical lenses. This essay is divided into two parts. The first part demonstrates an increasingly globalized capitalist world economy and the respective problems embedded in the system. Then, the second part of the essay will discuss the views of Marxism related to the identified issues under the globalizing capitalist world economy, as well as some comments on the future of Marxism in terms of the studies of international relations.
A Globalizing Economy under Capitalism
Citizens around the world are living closer to each other than ever. Enabled by technological advancements and various policy evolutions, including reduction of trade barriers and policies that increase the mobility of capitals, the global economy is becoming more unified than ever. Under this capitalist world economy, economic activities and relations of production rise above environmental and political boundaries. For example, many developing countries, such as Mexico, become part of the g...
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...nal relations. It begins with the outlining of some of converging phenomenon and patterns of the current globalizing capitalist world economy and some of the problems associated with, such as economic exploitation and the hegemony of capitalist neo-liberal agenda. To understand these developments, Marxism provides critical tools explain the emergence of these issues. In relation to the hegemony of capitalism, Marxist theorist Gramsci and Cox have written phenomenal works on explaining how the hegemony is keeping the capitalist system in order, while serving its interests. Marxism on the uneven power in a relation of production can also be reflected on the global stage, explaining the economic exploitation between the core and peripheral countries and the hegemonic capitalist neo-liberal agenda as forms of capitalist imperialism in the global production relation.
Odd Arne Westad, Director of the Cold War Studies Centre at the London School of Economics and Political Science, explains how the Cold War “shaped the world we live in today — its politics, economics, and military affairs“ (Westad, The Global Cold War, 1). Furthermore, Westad continues, “ the globalization of the Cold War during the last century created foundations” for most of the historic conflicts we see today. The Cold War, asserts Westad, centers on how the Third World policies of the two twentieth-century superpowers — the United States and the Soviet Union — escalates to antipathy and conflict that in the end helped oust one world power while challenging the other. This supplies a universal understanding on the Cold War (Westad, The Global Cold War, 1).
Realism hasve hazy contoursa hazy contour and offers only difficult choices in the new world. Globalization has three forms: economic globalization, which has become a cause for inequality among and within states. and tThe concern for global competitiveness limits the aptitude of states, and other actors and institutions to address this problem; cultural globalization, which offers either unification (also Americanization) or reaction against it, takitakesng form in a renaissance of local cultures and denunciation of an arrogant “imperialist” Western culture; political globalization, which is the preponderance of the West and its political institutions, or as Huntignton defines it- the “Davos elite” as Huntington defines it. These forms of globalization, mostly creating resistance rather that integration, it can be inferreddeduce that globalization is far from making history’s end, refuting the thought idea of a universal modern world. (Hoffman,
The ideology of Marxism, established by German philosopher Karl Marx, is a collectively known set of assumptions of a political ideology, which focuses especially on analysis of materialist interpretation of historical development, or on class struggle within the society. The primary approach of Marxism, nonetheless, was the critique of capitalism. The strength of his inquiry lies in his belief of the inevitable shift from capitalism and he aims to advocate the new form of ideology and economy, the socialism. The title of this essay is provocative as in today s world, there exist many proponents who claim, the core of Marx's conception of ideology is still relevant in the 21st globalised world. However, Marxism is relevant to the extent to which it is important to examine every political and economic conception, moreover if we are able to perceive its outcomes after the concepts have been practically applied.
Nowadays, Globalization is a main trend for the world economic. The world’s economy has become fully integrated. There are no barriers and borders to trade around the world.
...nce, that while the bourgeoisie can assert its interests everywhere.” (Conklin & Fletcher, 1999, p. 50). Even though today’s society has branched away from an imperialistic mindset, the roots of globalization promote the advancements of power to those who are already very much in power, minus the war and the bloodthirsty monopolizations. To step outside the spectrum of imperialism, and ponder upon today’s world culture, America seems to be shaping the world, as we know it. The blueprint of progress and ever changing industrial, economical and global influences are greatly dependent on that of America and their innovations. It may not be American scientists behind the computers at NASA or behind the keyboards of Windows computers but there are U.S. based industries. The exponential progress of Globalization can be directly linked to American affairs, without a doubt.
In his Manifesto of the Communist Party Karl Marx created a radical theory revolving not around the man made institution of government itself, but around the ever present guiding vice of man that is materialism and the economic classes that stemmed from it. By unfolding the relat...
The theories of Neo-realism and Liberalism place strong emphasis on the structural level in order for a country in the international system to gain as much benefits as possible and prosper. Both theories believe interactions between countries will set them better off than an isolated country would, such as North Korea. Although Liberalism places a much higher emphasis on international organizations, institutions, and trade in order to promote peace than that of Neo-realism, Neo-realist also benefit from international organizations. “International organizations are frequent congenial institutions for weak states”(Keohane. 36). Third...
In International Relations it is commonly accepted that there is a wide range of different theoretical approaches which attempt to provide an explanation for the different dynamics of the global political system. Realism and Liberalism are well known theories which are considered to be two of the most important theories in international relations. They are two contrasting ideas when it comes to explaining how two states relate to each other in the absence of a world government. Both theories agree that the world is in anarchy and therefore it is helpful to start with a definition of anarchy and what it implies. This essay aims to discuss the contrasts between Liberalism and Realism as well as how these two theories agree that the world is anarchy.
Many historians and sociologists have identified a transformation in the economic processes of the world and society in recent times. There has been an extensive increase in developments in technology and the economy as a whole in the twentieth century. Globalization has been recognized as a new age in which the world has developed into what Giddens identifies to be a “single social system” (Anthony Giddens: 1993 ‘Sociology’ pg 528), due to the rise of interdependence of various countries on one another, therefore affecting practically everyone within society.
“Does Capitalism Have A Future?” is a scholarly book written by five scholars in an attempt to explore the possibility of a future collapse of global capitalism and proposes a hypothesis for the possibility of post-capitalism. Wallerstein, who is one of the scholars who wrote the book, argues that certain social movements of our contemporaneous days will create a transition to a post-capitalist world. He adds that the world’s contemporary struggle is an indication of the forthcoming new mode of production in the human history, which will most likely be a non-capitalist mode of production. “Does Capitalism Have A Future?” clearly states that there will be a struggle to determine the structure of a post-capitalist system and it also states that this change will happen soon, specifically in the next 3 or 4 decades. “What we need to analyze are the probable organizational strategies on each side in this struggle that started more or less in the 1970s and will continue in all probability to circa 2040 or 2050” .
Introduction to this work was written as, discontent with existing Marxist analysis of monopoly capitalism .
In order to advance in such a discussion, Ricoeur's proposal is to rethink the problem until it is possible to find a duple sense and a wider point of view. There is a long history words with respect to a false suspicion Marxism is only one link in this chain.
Capitalism dominates the world today. Known as a system to create wealth, capitalism’s main purpose is to increase profits through land, labor and free market. It is a replacement of feudalism and slavery. It promises to provide equality and increases living standards through equal exchanges, technological innovations and mass productions. However, taking a look at the global economy today, one can clearly see the disparity between developed and developing countries, and the persistence of poverty throughout the world despite the existence of abundant wealth. This modern issue was predicted and explained a hundred and fifty years ago in Karl Marx’s Capital.
Another important factor promoted globalization is called the ‘World Politics’. Foreign policymakers are facing a challenge of a fundamental change in nowadays ...
Countries around the world have closer over past few decades due to growing integration between economies. The main cause behind this growth has been globalization. There can be various definitions of globalization according to different aspects like economic activities, political, technological, cultural interactions. It brings the countries closer to each other and make them more interrelated through providing unrestrained trade and financial exchange. The process of globalisation not only includes opening up of world trade, development of advanced means of communication, internationalisation of financial markets, growing importance of MNC’s, population migrations and more generally increased mobility of persons, goods, capital, data and ideas but also infections, diseases and pollution. Opening up the economy to globalization can have both favourable and unfavourable impact on the country’s economic growth, environment, human capital, cultural dominance etc. Since globalization has been a hot topic over last few decades, it becomes imperative to study its impact on the economic growth of the country.