Political economy and globalization - Globalization - Understanding globalization
6 important questions on Political economy and globalization - Globalization - Understanding globalization
What is the best attempt at defining globalization?
What does it mean that globalization is linked to the growth of 'supra-territorial' relations between people?
Why is globalization often linked to homogenization?
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What is economic globalization and what has pushed it?
Reduced capacity of national governments to manage their economies.
The collapse of communism has given a powerful push to economic globalization, because it paved the way for the absorption of the last states that had stayed outside of the global capitalist system.
How does political globalization become evident?
They exercise jurisdiction not within a single state, but within an international area comprising several states (UN, NATO, EU).
What is the difference between international organizations and a supranational body?
Supranational bodies are able to impose their will on nation-states.
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