GLOBALISM; CRITICAL EVALUATION

Theoretical perspectives of Globalization: Globalism

Theoretical perspectives of Globalization: Globalism

Introduction

There are several critical approaches to globalization, and how people approach it. Globalism is an approach that is defined as, “uniting the whole world as one entity, rather than, being divided and ruled in the form of individual nations. According to Joseph Nye, the Globalist approach pertains to any definition and description of the entire world, which is tied together through connections, that are, far stronger than distances and differences prevail amongst cultures. .” it branches from developing a network of connection that tie the world together, irrespective multi-cultural spam. It takes into account, the assessment and analyses of the inter-connections exist in the world, and the escalating trend of global connectivity. Globalization is the extent of globalism, at any point of time (Hamdani & Dunning, 1997, pp 51-57).

The paper comprise of a development essay pertaining to the critical analyses of the 'Globalist approach'. The paper discusses the definition and context of Globalist approach, as well as, the role of globalization in globalism. In addition to that, it critically evaluates the approach, and presents the merits and de-merits of the approach. In the concluding part, the essay presents judgement of the developer and approach to several critical theories pertaining to the topic. The essay supports the approach and justifies the need of globalism (Cowen, 2004, pp. 19-30).

Discussion

There are several approaches to the emerging concept of globalization. The pro-globalism theorists define it as “the approach of globalization that supports unification of the world through different connective tools and sources, and deter the insignificance of cultural distances and differences, as either insignificant or unnecessary, to divide the world in individualistic nations and cultures.” The approach adheres to the oneness of mankind due to the similarity of needs and resources, as well as, the tendency of mankind, in order to, grow together, caused by the similar economic systems and other factors (Stiglitz, 2003, pp. 102-114).

Classification

The globalist approach is further divided into two categories, discussed as under;

Thin globalism is defined as “the single way connectivity of any entity or country to the outside world.” The example of thin globalism is 'silk road' that connects two countries as the trading partners. Thick Globalism is another approach that corresponds to the intensity, and number of connections between nations, and continents. The approach of think globalism defines current degree of globalization. The degree of momentum of inhabitants of the globe, to which they are connected in economic and political dimension, is known as “Globalization”. Globalism id the free flow of material and immaterial elements, that comprise resources, people and values in order to discover, a unified and one-dimensional integration of the planet earth (Wells, 2001, pp. 41-44).

Dimensions of globalism

The American theorist and other economic analysts define globalism in four different dimensions. They are discussed as under;

Economic globalism: it is defined as “the free flow of capital, goods, services, resources and information that pertain to the market exchange and economic growth of both ...