E T

K
AR
: M
4
O N
SS
LE M
I- LIS
I T A
N
U LOB
G
WHAT IS MARKET GLOBALISM?

❖ Manfred Steger (2005) introduced the idea

of market globalism as a rising political
system.
❖ According to him, it reflects the concepts
of globalization. It seeks to endow
globalization with free market norms and
neoliberal meanings.
6 CORE CLAIMS OF MARKET GLOBALISM

Taken from: Manfred Stager’s Ideologies of

Globalization (2005)
 CLAIM NO. 1: GLOBALIZATION IS FOCUSED ON THE
GLOBAL INTEGRATION AND LIBERALIZATION OF
MARKETS.
✔ This core claim believes that
globalization is about the victory of
markets over governments.
✔ It activates the neoliberal ideal, that
self-regulating market is the basis for a
future global order.
✔ Both the proponents and opponents of
globalization agree that the driving force
today is markets, where the truth is that
the size of government has been
shrinking relative to the economy almost
everywhere.
 CLAIM NO. 2: GLOBALIZATION IS IRREVERSIBLE AND
INEVITABLE.

The irreversible characteristics of

globalization can be attributed to
technological innovations. The
progressive characteristics of
technology seem to make
globalization unstoppable.
Globalists nevertheless share with
their ideological opponents as
attachment for such terms as
‘irreversible’, ‘irresistable’, and
‘inevitable’ to explain the predicted
path of globalization.
 CLAIM NO. 3: NO ONE IS IN CHARGE OF GLOBALIZATION.

❖ This core claim emphasizes the

leaderless idea of globalization.
❖ If the market natural laws have
indeed predetermined a neoliberal
course, then globalization does not
reflect the arbitrary agenda of a
particular social class or group. In
other words, the one in charge with
globalization are the market and
technology, and not the people.
❖ The true beauty of globalization lies
on the concept that no one is in
control of it, not individuals,
institutions, or even government.
 CLAIM NO. 4: GLOBALIZATION BENEFITS EVERYONE (. . .
IN THE LONG RUN)

▪ This claim rest at the very center of market

globalism because it provides an affirmative
answer to the crucial normative question of
whether globalization represents a ‘good’ or a
‘bad’ phenomenon.
▪ The process of globalization supplies great
window of opportunities for all countries in
the future. Its positive aspects including
opening of international trade and expansion
of investments, give populous regions with
more opportunities, specifically in improving
their standard of living, technological
innovation, increase in skills that are needed
in work, and rapid dissemination of
information.
 CLAIM NO. 5: GLOBALIZATION FURTHERS THE SPREAD OF
DEMOCRACY IN THE WORLD
o This claim is anchored in the
neoliberal assertion that freedom, free
markets, free trade and democracy are
synonymous terms.
o While capital development and
globalization did not automatically
produce democracies, ‘the level of
economic development resulting from
globalization is contributory to the
creation of complex civil societies with
powerful middle class, where they
facilitate democracy
 CLAIM NO. 6: GLOBALIZATION REQUIRES A WAR ON
TERROR.
❑ It argues that while globalization studies have focused
substantially on the marketization of life, including
the realms of politics and culture, the current ‘war on
terror’ phase has directed focus in theory and practice
back to traditional state-centered security concerns
and critical investigation of state–citizen relations,
notably in the context of multicultural societies.
❑ In order for globalization to spread, there must be a
War on Terror. Its three main objectives are: (1) to
increase the capabilities of the Core's immune system
in responding to situations like the September 11
attack; (2) to strengthen the Core from exports like
drugs, diseases, terror, etc.; (3) to shrink the gap. The
third point is particularly important, because the real
battlegrounds in the global war on terrorism are still
over there.
 Thank you for listening! ☺

Prepare for a UNIT TEST next week.. (multiple choice) ☺