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Minimization of World Conflict Through Trade and Business

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The relationships between economic globalization and conflict, a disagreement between two or more nations which could erupt to war, has drawn a lot of attention among many political scientists. The transition from the 20th to 21st century is a time when the world has experienced harmony as a result of reduced conflict. In a globalized economy, nations around the world are free to interact and manage business within common markets. I contend that when countries learn to depend on each other economically, they form long lasting relationship. On this note, they are committed to maintain harmony to ensure that this interdependence works out for all of them and that each country can uplift their economy. Furthermore, free trade allows for the broader political interests of all to be tended to, and thus a more prosperous nation. Supporters of peaceful economic globalization, particularly Adam Smith, argues that a globalized economy allows countries to come together in the business market, and to establish common relationships (List 49). However, other great thinkers such as Alexander Hamilton feel that a global economy breeds competition which may eventually result into conflict between nations. The world enjoys harmony due to thriving relationships derived from the formation of a global economy, as seen through the interdependence of nations, and free trade.
If economies are intertwined with each other through trade, this form of economic interdependence promotes security and stability. A country would not go to war with another that they are trading with (Wong, Jan 6). Professor Wong of University of Toronto claims, this is a positive sum game and by not cooperating, a country going against the majority will lose. The idea of collecti...

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...unity to trade in order to reach their full potential to flourish economically (List 49). Consequently, state regulations for promoting public prosperity are unnecessary (List 49).
In conclusion, I contend that economic integration reduces conflict, and in turn creates peace and prosperity due to interdependence, and free trade. In an era of globalized economy, countries see the resources they lack and thus, look to establish interdependent business networks that will be advantageous to both of them in the long run. Furthermore, free trade permits the greater interests of all to be discerned, and thus a more prosperous nation. Therefore, competitive relationships are avoided and meaningful ones are created through economic integration. Finally, it is clear that economic integration produces peace, and minimizes the chance of conflict erupting between various nations.
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