The Implications of Hyperglobalist Globalization on World Regions

Even though the globalization skeptics and the transformationalists both have viable interpretations of globalization, I believe that the hyperglobalist perspective is the most accurate. The evidence for hyperglobalization is found all over the world, but for the purposes of this paper, I will focus on the expansion of NAFTA, the 2004 Indian Elections, and the increasing global outsourcing of labor. I will then outline the implications of hyperglobalist globalization on world regions and the regional approach.

Evidence for the hyperglobalist perspective of globalization is everywhere, starting right at home in America with the proposed FTAA (Free Trade Area of the Americas). According to Christopher Bruner, professor of law at the University of Miami, “The Free Trade Area of the Americas was initially proposed as the ‘trade liberalizing cornerstone’ of President George Bush’s Enterprise for the Americas Initiative, a broad-scale plan to ‘unify the Western Hemisphere’ enacted in 1990. The Process of creating an FTAA actually began, however, with the first ‘Summit of the Americas’ held in Miami in 1994, at which the thirty-four democracies of the Western Hemisphere – essentially the entire hemisphere minus Cuba – committed themselves to pursuing the creation of an FTAA by 2005.” If the FTAA were created, it would be the largest free-trade zone in the world, including 34 countries and a market of about 800 million people. It would also allow North American businesses to have duty-free access to Latin American. Additionally, it would allow Caribbean markets and those countries within Latin America to export goods to America without tariffs. The issue is still being debated today and heads of the initiative have called for the Sixth...

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...he globe or bad for the globe, but rather a neutral manifestation of human behavior in the ongoing nation-wide competition for success.

Works Cited

Bruner, Christopher M. “Hemispheric Integration and the Politics of Regionalism: The Free Trade Area of the Americas (FTAA).” The University of Miami Inter-American Law Review 33 (2002)

Shani, Giorgio. “Re-branding India? Globalization, Hindutva and the 2004 elections.” Ritsumeikan Annual Review of International Studies 3 (2004)

McCarthy, John C; Ross, Christine F; Martorelli, Bill; Mines, Christopher; Brown, Adam; “Near-Term Growth Of Offshoring Accelerating Resizing US Services Jobs Going Offshore.” Forrester Research (2004)

iv Marston, S.A., P.L. Knox, and D.M. Liverman. 2002. World Regions in Global Context: Peoples, Places, and Environments. Prentice Hall: Upper Saddle River, N.J. First edition.