In popular opinion, globalization is a synonym for one or more of the following phenomena:
-the pursuit of “free market”
-policies in the world economy, “economic liberalization”
-the growing dominance of western culture
-the proliferation of new information technologies
-humanity becoming one single unified community in which sources of social conflict have vanished, “global integration”.
Covering a wide range of distinct political, economic, and cultural trends, the term “globalization” has quickly become one of the most fashionable contemporary debates.
Moreover, sharp differences continue to separate participants in this ongoing debate.
“The anti-globalization movement is critical of the globalization of capitalism. Participants base their criticisms on a number of related ideas”. Supporters of this movement stand in opposition to the unregulated political power of large, multi-national ...view middle of the document...
The ideology behind the opposition to international financial institutions and transnational corporations is based on three single concepts. Generally speaking, protesters believe that the global financial institutions and agreements undermine local decision-making methods and corporations exercise privileges that human citizens cannot:
1. exploitation of natural resources
2. moving freely across borders
3. taking advantage of human resources
They are able to move on after doing permanent damage to the natural capital and biodiversity of a nation or region. The activists’ biggest purpose is the dissolution of free market fundamentalism and economic privatization driven by the World Bank, International Monetary Fund, and World Trade Organization.
"Globalization abuse" and the international institutions that promote neoliberalism without regard to ethical standards are considered the most obvious threats. Common targets include the World Bank(WB), International Monetary Fund (IMF), the Organisation for Economic Co-operation and Development (OECD) and the World Trade Organization (WTO) and free trade treaties like the North American Free Trade Agreement(NAFTA), Free Trade Area of the Americas (FTAA), the Multilateral Agreement on Investment (MAI) and the General Agreement on Trade in Services (GATS).
In light of the economic inequalities between rich and poor countries, movement adherents claim “free trade”, without measures in place to protect the environment and the health and well being of workers, will contribute only to strengthening the power of industrialized nations.
One of the most eye-opening questions in economics is why the distribution of world income is so different between rich and poor countries.
An article by John Gallup, Jeffrey Sachs and Andrew Mellinger in the periodical International Regional Science Review in 1999 introduced the concept of "GDP density". This measurement is calculated multiplying GDP per capita by the number of people per square kilometre.
In the map below it’s evident there is a shocking gap between the developed and undeveloped countries.