GLOBAL POLITICS
GLOBALIZATION
Realist view
Realists have typically adopted a sceptical stance
towards globalization, seeing it more in terms of inten-
sifying economic interdependence (that is,'more of the
same’) rather than the creation of an interlocking
slobal economy. Most importantly, the state continues,
to be the dominant unit in world politics. Instead of
being threatened by globalization, the state's capacity
for regulation and surveillance may have increased
rather than decreased. However, realists are not simply
globalization deniers. In assessing the nature and
significance of globalization, they emphasize that glob-
alization and the international system are not separate,
stil less rival, structures. Rather, the former should be
seen as a manifestation of the latter. Globalization has
been made by states, for states, particularly dominant
states. Developments such as an open trading system,
global financial markets and the advent of transna~
tional production were all put in place to advance the
interests of western states in general and the USA in
particular. Furthermore, realists question the notion
that globalization is associated with a shift towards
ppeace and cooperation. Instead, heightened economic
interdependence is as likely to breed ‘mutual vulnera-
bility, leading to conflict rather than cooperation.
Liberal view
Liberals adopt a consistently positive attitude towards
globalization. For economic liberals, globalization
reflects the victory of the market over ‘irrational’
national allegiances and ‘arbitrary’ state borders. The
miracle of the market is that it draws resources towards
their most profitable use, thus bringing prosperity to
individuals, families, companies and societies, The
attraction of economic globalization is therefore that it
allows markets to operate on a global scale, replacing
the ‘shallow integration of free trade and intensified
interdependence with the ‘deep’ integration of a single
slobal economy. The increased productivity and inten-
sified competition that this produces benefits all the
societies that participate within i demonstrating that
economic globalization isa positive-sum game, a game
‘of winners and winners. Liberals also believe that glob-
alization brings social and political benefits. The freer
flow of information and ideas around the world both
‘widens opportunities for personal self-development and