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Running head: COMPARATIVE POLITICSComparative PoliticsName of the Student:Name of the University:Author’s Note:
1COMPARATIVE POLITICS“No generation has had the opportunity, as we now have, to build a global economy thatleaves no-one behind. It is a wonderful opportunity, but also a profound responsibility.”The above quoted lines of the former United States of America President Bill Clintonclearly indicates the importance of the concept of globalization in the present day and alsogives an idea of the profound responsibilities which entail with it. It is to be noted that sincethe introduction of the concept of globalization the environment of the international businesshas changed drastically and there are many countries which have actually gained significantlyby the process of globalization1. The concept of neo-liberalism along with the concept ofglobalization was primarily responsible for revolutionizing the international trade2. Therefore,it would not be too far-fetched to say that both these factors worked in tedium and are relatedto each other. It is to be noted that both the concepts have been utilized by the various nationsof the world to increase the amount of trade as well as commerce conducted by them.However, it is seen that the concepts of globalization and neo-liberalism have proved to bebeneficial for some countries however it had adverse effects for others. This essay intends toshed light on the processes of globalization and neo-liberalism and analyze the way they haveimpacted the various nations of the world.It is to be noted that the termglobalizationwas coined in the 1970s3. However, theuse of the concept has been in practice ever since the 1800s with the introduction of thetelegraph posts as well as the steam boats4. Therefore, it can be said that the basic factorwhich lead to the rise of the concept of globalization was the improvement of the variousforms of communication systems5. It is to be noted that communication is one of the basic1O'Neil, Patrick H., and Ron Rogowski. "Essential readings in comparative politics." (2010).2O'Neil, Patrick H., and Ron Rogowski. "Essential readings in comparative politics." (2010).3O'Neil, Patrick H., and Ron Rogowski. "Essential readings in comparative politics." (2010).4O'Neil, Patrick H., and Ron Rogowski. "Essential readings in comparative politics." (2010).5O'Neil, Patrick H., and Ron Rogowski. "Essential readings in comparative politics." (2010).
2COMPARATIVE POLITICSrequirements for the effective conduct of the various forms of trade. Therefore, it can be saidthat the introduction of the telegraph posts and the various stream boats gave the muchneeded impetus to the trade system which it needed. It is significant to note that the origin ofthe concept is one of debate for many scholars as well as researchers. There are many peoplewho believe the concept of globalization to be a latest innovation however there are otherswho consider that the concept of globalization is an ancient and related to the ancient timeswhen the different civilizations of the world used to trade with the civilizations in their closeproximity6. Then there are others who consider that the concept of globalization came intoexistence during the “European Age of Discovery and voyages to the New World”7.However, it is interesting to note that in the year 2000 the “International Monetary Fund(IMF)” gave four basic precepts of the concept of globalization which can be summarized as“trade and transactions, capital and investment movements, migration and movement ofpeople, and the dissemination of knowledge”8. The concept of globalization is subdividedinto three segments- cultural, political and economic9. It is to be noted that in the recent timesthe concept has undergone much transformation. Therefore, in the opinion of ThomasLarsson articulated in the book “The Race to the Top: The Real Story of Globalization”, “isthe process of world shrinkage, of distances getting shorter, things moving closer. It pertainsto the increasing ease with which somebody on one side of the world can interact, to mutualbenefit, with somebody on the other side of the world. However, scholars like Paul James areof the opinion that “Globalization is the extension of social relations across world-space,defining that world-space in terms of the historically variable ways that it has been practicedand socially understood through changing world-time”.6O'Neil, Patrick H., and Ron Rogowski. "Essential readings in comparative politics." (2010).7O'Neil, Patrick H., and Ron Rogowski. "Essential readings in comparative politics." (2010).8O'Neil, Patrick H., and Ron Rogowski. "Essential readings in comparative politics." (2010).9O'Neil, Patrick H., and Ron Rogowski. "Essential readings in comparative politics." (2010).
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