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GLOBAL LIBERAL REVOLUTION

Global liberal revolution espouses a wide array of opinions depending on the understanding of these ideas. Most of the liberal revolutionist, however, agrees to such fundamental and universal idea of constitutionalism, democracy, human rights, free trade and capitalism, social justice, economic equality, peace, non-discrimination and the secularism of state. Historically, the idea of liberal revolution encompasses a number of intellectual streams and traditions set by various political theorist philosophers and historians (O’Rourke & Williamson 1999: 1—4). The dominant variants amongst them have been classical liberalism which became popular in the 18 th century, and social liberalism which became well-accepted in the 20th century. During recent decades, global liberal revolution has been associated as a key theme in the social analysis of the various economic processes going on throughout the world ‘to represent general condition of life, as well as the key tendency driving diverse economic processes’ (Tonkiss, 2006:3). This is also known as neo-liberalism providing for new models for economic growth around the globe. (Leys, 2010). During the recent decades, global liberalism has appeared as a set of global media propagated through technological revolution and democracy which is essentially Western in characteristics. This progression in avertedly has led the contemporary researches both at academic as well as institutional level to argue that cultural globalization impossible as predicted by classical liberalists. McChensey states that ‘the very essence of the technological revolution is the radical development in digital communication and computing. The argument that the bad old days of police states and authoritarian regimes are unlikely to return is premised on the claims that new communication technologies along with global markets undermine, even eliminate, the capacity for “maximum leaders” to rule with impunity’ (Monthly Review, 2001). On the other hand, the economists, for instance, Stiglitz, argue that ‘that grab-bag of ideas based on the fundamentalist notion that markets are self-correcting, allocate resources efficiently, and serve the public interest well. It was this market fundamentalism that underlay Thatcherism, Reaganomics, and the so-

called “Washington Consensus” in favor of privatization, liberalization, and independent central banks focusing single-mindedly on inflation’ (Project Syndicate, 2008). On other end of spectrum, the 2004 Transparency International's Global Corruption Report (GCR) has identified some of the recent pressing issues in the fight against corruption and money politics around the world. The assessment included regulation and financing of political parties with suggestions to "rewire" the arms and oil trades for greater transparency as well as analyzing the problem of vote buying. The report takes into account attempts to repatriate assets stolen by politicians, disclosure regulations within and out of the parties. Further, it elucidate the nexus between the media, politics and business as well as the issue of immunity from prosecution -- with special insight into extradition efforts in the Fujimori case in Peru (Anon, 2004). Up shot, the report reflects how the contemporary liberalization and globalization defies the ideas of classical and new-liberalists. Now a day, the idea of globalism is arrays in diversified ideas, for instance, economic globalization, political globalization, cultural values and institutionalism, and globalization of communication. (((((( mba, bba, international relations, IT projects, ACCA Bsc applied accountancy project, uk mba assignments,uk bba Enzymology and enzyme chemistry, molecular genetics,
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Contact Jahanzeb Khan sparklessoft@gmail.com 00923004604250 www.sparklessoft.com )))))))))))))))))))))) Hence, contrary to the 20th century believes of borderless globalization, a global harmonization or convergences of some important characteristic features are matter of concern for contemporary existence of global infrastructure (Hart, 1994). Though this global liberation is still unable to sweep the world economy, the contemporary globalization, thus marks a decisive and imperative shift between nations. It has become more evident during the last two decades with a certain degree of realization that this phenomenal convergence is confidently affecting

individuals as well as nations alike regardless of their cultural, racial, economic status or any other distinction whether it’s political, cultural, or economic in its dimension.

Bibliography: Books: 1. O’Rourke, K. Williamson, J. 1999. Globalization and History: the evolution of a nineteenth century Atlantic economy. Massachusetts Institute of Technology. with Achorn . 2. Tonkiss, F. 2008. Contemporary Economic Sociology: globalization, production, inequality. LSE. Routledge. Articles/Reports:

3. Hart, J. 1994. Changing Sovereignty Games and International Migration. Indiana Global Legal Studies Journal, II: [Online] Available at: http://www2.hawaii.edu/~fredr/glotexts.htm#HART [Accessed 8 July 2010] 4. Leys, C. 2010. The Dictatorship of the Market. [Online] Available at:

http://www.socialistproject.ca/bullet/365.php [Accessed 8 July 2010] 5. McCheney, R. 2001. Global Media, Neo Liberalism, and Imperialism. Monthly Review,

[Online] Available at: http://www.monthlyreview.org/301rwm.htm [Accessed 8 July 2010] 6. Stiglitz, J. 2008. The End of Neo-Libralism? Project Syndicate [Online] Available at: http://www.project-syndicate.org/commentary/stiglitz101/English [Accessed 8 July 2010] 7. Transparency International. 2004. Global Transparency Corruption Report 2004: Special Focus: Political Corruption. London: Pluto Press.