Globalization developments

Globalization developments

Globalization developments compromise the sovereignty of many states.  Sovereignty allows nations to safeguard liberty and individual decision making.  Globalization opens up nation boundaries and allows free interaction of states facilitating; trade, social, and cultural interactions. Reducing barriers across nations is seen as a threat to the global economy. However, global interactions have existed for a long while now. Advancements in the communication and transport networks have opened up nations and made interactions easier. Globalization has changed the way governments interact with each other, particularly in the field of trade and commerce. This paper analyzes how globalization has influenced the sovereignty of Global south states considering economic and social policies.

Globalization mainly favors the western countries meaning that other nations, particularly from the Global South, are disadvantaged. Nations such as America and Europe accrue the most benefits resulting from Globalization. They can strengthen their economies through raw materials acquired from the global south. The global south nations include; Africa, Latin America, and some parts of the Middle East. The governments widely rely on subsistence agriculture for survival. The global southern states export raw materials that attract low returns in the global markets. The western countries, on the other hand, export manufactured products that fetch high incomes. Globalization has opened up trade resulting in an influx of more western goods. Surprisingly all nations are forced to adhere to the policies set by the multinational corporations and other international agencies without keen consideration of their economic potentials.

Globalization compromises nation sovereignty in that; they challenge nations to state their limits of external influence. Multinational corporations formed to control countries require states to indicate the extends they may allow foreign direct investments. Forcing governments to state what they may accept from outside is against their freedom. Nations should feel free to protect the information they have. They should not be compelled to reveal out their secrets. Globalization also creates a sense of interdependence among nations. For example, the countries at Global South rely on western states for the provision of manufactured products. Overreliance on other nations makes states lose their sovereignty and sense of pride. The rules feel that their products are inferior compared to those of other countries.

Globalization has fueled monopolism; the western nations are accumulating massive wealth through capitalism compared to the Global south. The global regulations fuel divisions resulting in the class of the rich and the poor. The rich own the means of production, whereas the shoddy work for the reach. The poor are not paid deservingly according to their efforts. The rich take advantage of the conditions of the poor to exploit them to maximize their wealth. In this case, the Global North are the rich, and the Global states work, helping the rich climb the ladder.

Global competition between states compromises the ability of Global South states to provide social amenities to the citizens adequately. Governments in the Global South focus on strengthening their economic power and growing globally, forgetting to attend to the needs of citizens. The Global South nations lack national consciousness; they rush to promote international agendas, without laying down mechanisms to enhance local prosperities. Global South nations have failed to institutionalize proper legislation to ensure that everything is under control in their domestic states. The governments focus on global pictures forgetting the welfare of the locals. The locals work hard to provide items for trade in the global markets, but they are unfairly rewarded. They fetch low prices from their products, discouraging some.

The opening of Global South markets has dramatically reduced the power of national government heads. States are made to consume already manufactured products. They cannot dictate what happens in the production process; they are the final consumers. This, to some extent, compromises the sovereignty of Global South governments. Globalization has also resulted in the privatization of some of the state-owned companies. For example, through; importation of foreign labor and technical expertise. The governments believe that through globalization, they can improve in terms of technologies by using external interventions. First nations and enhancing free interactions have resulted in imitating western traits. Global North citizens have lost their indigenous pride and started imitating other new characters. The process of assimilating new cultures has been enhanced through globalization.

Globalization has three aspects, including; political, economic, and social-cultural. The financial aspect focuses on the interaction of nations through open trade as well as the flow of capital through commerce. Many countries Social, cultural aspects focus on exchanging social traits. Political aspects focus on political differences across nations and how they influence on globalization. Economic globalization connects states through trade and exchange of resources. Global South nations, for example, Africa export and sell raw materials to developed countries like the USA. The Global North states, on the other hand, sell manufactured goods to the Global south. Economic aspects of globalization facilitate the interconnectedness of nations through trade and exchange of resources.

To conclude, Globalization has opened up nations and facilitated free trade across borders.  Increased globalization has compromised the sovereignty of the Global south states. The States overly on Western countries for the provision of manufactured products. Policies set to enhance trade have compromised the independence of South State governments. The governments are forced to adhere to the regulations set by multinational corporations without considering the economic disparities between states. Global competition limits the extent to which global south governments can comfortably provide social amenities to the citizens. Global South governments focus on international markets and economic supremacy, forgetting their primary roles.  The independence of Global South governments is also at stake; the nations have to accept imported final goods without having to do much in the production process. Globalization has its pros in opening global markets and simplifying international interactions, but it is evident that it benefits Global North more compared to the South.