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Essay / Research Paper Abstract
This 8-page paper discusses the need for local institutions to be ready for globalization. Bibliography lists 2 sources.
Page Count:
8 pages (~225 words per page)
File: AS43_MTglotraill.doc
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Unformatted sample text from the term paper:
great divide in the global village" (p. 168). With this lead sentence, one could be forgiven for believing that the next part of Scotts article is an argument in favor
of globalization; that globalization means equal incomes for all, lesser developed countries growing into economic powers and the disintegration of the separate nation-state as the global village grows into a
fantastic give-and-take scenario in which everyone benefits. Scotts article, however, is the furthest thing from cheerleading for globalization, as is colleague Dani Rodriks
piece "Trading in illusions." Though both authors argue their points differently, their belief is that globalization is more sham than substance; that globalization support is nothing more than pie-in-the-sky dreams
that have a very different reality. The belief of globalization, both authors point out, is that developing nations will "create and modernize the institutions needed to underpin their markets so
that their markets and firms can gradually match the performance of rich countries (Scott, 2001; 175). And this globalization theory is great - but its a theory. The reality, as
both partners point out, is far more complex and difficult. Cohesiveness or Separation? The question common to globalization is whether it focuses on
putting an even larger wedge between the "haves" and the "have-nots" of the world, or if it spreads the wealth around equally. Proponents of globalization point to India and China,
two countries that have benefitted greatly from not only international trade but expansionists internal policies. Scott brushes aside this argument, pointing out that,
while average incomes have been growing, the income gap between rich and poor countries has been growing even faster. While poor countries have already been around, thanks to technology and
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