Globalization Effects Upon International and Domestic Affairs in Developed Countries

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Table of Contents

Introduction
Main body
Conclusion
Bibliography

Introduction

Nowadays, numerous events are shaking the world of the economy. These events are mainly negative and connected with the global financial crisis which is observed in almost all the countries of the world. The word “global” is used here not by accident, it is implemented to introduce the topic of the current paper which is the review of globalization and its effects upon international and domestic affairs in highly developed and developing countries around the world. These phenomena will be analyzed with the help of the two articles, one of which is International Political Economy: Global and Domestic Interactions by Frieden and Martin, while another one is State, Society, and Development by Atul Kohli.

Main body

To start with, it is necessary to say that both articles are taken from the book by Katznelson and Milner Political Science: The State of the Discipline. The paper by Frieden and Martin is the work on the topic of globalization and its effects on the performance of the domestic economies of developing countries. The authors are concerned with the issues that led to globalization implementation in such a wide scope, and also consider the policies of liberalism and neoliberalism. According to Frieden and Martin (2002), it is a common mistake of the developing countries to take up the policies of liberalization and globalization imposed on them by the Transnational Organizations like the International Monetary Fund or World Bank. However, the authors admit the choice of those countries was not that wide – they were either to face the financial problems on their own or agree to the international help in exchange for the implementation of liberal policies and being open for globalization. Its effects which are mainly the unemployment, increase of the gap between the rich and the poor, and poor development of the domestic economy are admitted by the authors as natural for this kind of policy, especially if implemented without proper knowledge or diligence (Frieden and Martin, 2002).

Moreover, the article by Kohli is also concerned with the issues of globalization and liberal and neoliberal policies. Atul Kohli is a famous expert in the field of political science and international affairs. Thus, his article is depicting the success or failure of globalization and liberal policies. The author is also concerned with the factors that affected these aspects, i. e. successful or unsuccessful implementation of liberal policies in the developing countries (Kohli, 2002). Among them, Kohli enumerates and considers such factors as the lack of state control over the policies that were carried out in the economies of the countries, the inability of the domestic authorities to protect the domestic producers and workers from the unequal competition with the ones from the highly developed countries that are attracted to the new markets by their cheap labor force and favorable tax systems. According to Atul Kohli (2002), globalization of today’s world and liberal policies in the economy, finance, and trade as its direct realizations, are the major factors that create the huge gaps between rich and poor countries and provide for the further differentiation of the wealthy and not wealthy nations.

Conclusion

To sum up, the articles that are considered in this paper are rather reliable and relevant sources of information about the basics of political science in theory and its practical reflections in the form of globalization. The developing countries, according to Frieden and Martin (2002) and Kohli (2002), are under great threat of destroying their economies if globalization will keep taking over the new markets of these countries.

Bibliography

Frieden, J. and Martin, L. 2002, International Political Economy: Global and Domestic Interactions in Katznelson and Milner, eds., Political Science: The State of the Discipline, 118-146. New York and London: W. W. Norton and Company.

Kohli, A. 2002, “State, Society and Development”, in Ira Katznelson and Helen Milner, eds., Political Science: The State of the Discipline, 84-117. New York and London: W. W. Norton and Company.

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Globalization Effects Upon International and Domestic Affairs in Developed Countries

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