Globalization and Political Policy

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Globalization, both as an ideology and process, has become the dominant political, economical and cultural force in the 21st century (Steger, 2002, 6). Increasingly there is a trend of policy areas that were once reserved for the state, shifting towards either being made or greatly influenced by international factors. The purpose of this paper is to examine the question: does globalization affect all policy areas equally? The view of the paper is that not all policy areas are equally influenced by globalization. The aim to support this statement by comparing the four policy areas economic, security, environment and social welfare and effect globalization has had on them. This is done by exploring two points first whether the policy issue has transcended national boundaries and second the strength of supranational organizations and transnational networks surrounding or dedicated to the policy area. For a policy area to be substantially effected by globalization the issue needs to move beyond the boundaries of the traditional state borders. The two policies areas that have been the most influenced the globalization are security and economic policy. With economic policy since the establishment of the Bretton Woods which saw the foundation of the International Monetary Fund, national policy has increasingly been subject to international influences. As international trade has grown to unprecedented manner national economies have become more and more connected. A decision made in on country can have influence on another, as seen in the results of the subprime mortgages in the U.S. that lead to the global financial crisis in 2008. This supported by Ron Martin’s idea of globalization has lead to a delocalization of financi... ... middle of paper ... ...ge=613 Martin, Ron, “The Local Geographies of the Financial Crisis: From the Housing Bubble to Economic Recession and Beyond,” Journal of Economic Geography (2010), published online in advance of print. http://joeg.oxfordjournals.org/content/early/2010/06/11/jeg.lbq024.abstract pg 5 Steger, Manfred D. Globalism: The New Market Ideology. Rowman & Littlefield Publishers, 2002. Woods, Ngaire “Global Governance after the Financial Crisis: A New Multilateralism or the Last Gasp of the Great Powers?” Global Policy 1:1 (January 2010), pp. 51-63. http://onlinelibrary.wiley.com/doi/10.1111/j.1758-5899.2009.0013.x/full Yeats, Nicola “Globalization and Social Policy,” in John Baldock, Nicholas Manning, and Sarah Vickerstaff, eds., Social Policy, 3rd edn. (Oxford University Press, 2007), chapter 21. http://www.oup.com/uk/orc/bin/9780199284979/baldock3e_ch21.pdf
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