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A DISCUSSION OF GLOBALIZATION AND FREE TRADE

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Essay / Research Paper Abstract

This 7-page paper provides an overview of the argument that globlization could end up interfering with national goals and objectives, and can undermine democracy or other developmental goals. Bibliography lists 3 sources.

Page Count:

7 pages (~225 words per page)

File: D0_MTglbtde.rtf

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Unformatted sample text from the term paper:

globalization, the benefits of agreements such as NAFTA, GATT, ASEAN and so on, and the benefits of the so-called "borderless world." The idea of globalization is that if real and manufactured borders can be broken down (for example, if tariffs lowered and taxes all but eliminated), all societies will equally benefit from a largess of standardization. As standards rise for all countries, its believed, average incomes grow, citizens demand improved labor and environmental protections (Litan, 2000). Whether or not this is true is the topic of many articles in many publications. Also in the literature have been questions about the true impact of globalization. One main question that is consistently asked over and over is whether globalization and global integration actually end up undermining the national good on a nation-by-nation basis. Does the attempt to standardize on a global basis actually interfere with governmental goals on a regional and national level? Litan (2000), for one, points out that meeting a globalization challenge through the "one world" concept would be a dire mistake - and could end up both destabilizing the worlds economy and even slow down living standards improvements at home and abroad. When it comes to globalization, there are the extremists, and those in the middle. At the one extreme are the critics of globalization, who believe that the concept only ends up ultimately benefiting the western nations who can afford to abolish tariffs on imported goods (unlike developing nations, who need all the resources they can get - even from tariffs). But at the other end of the equation are the "one worlders," the folks who want to give international organizations such as the ...

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