DEMOCRATIZATION

AND
GLOBALIZATION
P R E S E N TAT I O N
J U N A I D

BY

K I FAYAT

U L L A H

H A SS A N

Z A H I D

LEARNING OUTCOMES
Defining
Development
Development
Globalization

Explaining
Democratic deficit and its Response
Facts and figures by Junaid & Hassan

Finding New Balance

DEFINING KEY CONCEPTS: DEMOCRACY

There are maximalist and minimalist definitions of
democracy, but democracy can best be defined as a
system that is based on
A free and fair electoral process where elections are held on
a regular basis,
The respect for basic civil rights and political liberties, and
Effective mechanisms of accountability.
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DEVELOPMENT
Sens conception of development as freedom
It is a process of transforming society that goes beyond
economic growth.

GLOBALIZATION IN ECONOMICS
1. Multinational corporations operate on a global scale,
with satellite offices and branches in numerous
locations.
2. Outsourcing can add to the economic development of
a struggling country, bringing much needed jobs.
3. Some automobiles use parts from other countries, as
in a car being assembled in the United States with the
parts coming from Japan, Germany, or Korea.
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THE DEMOCRATIC DEFICIT

A democratic deficit (or democracy deficit) occurs when ostensibly
democratic organizations or institutions (particularly governments) fall short
of fulfilling the principles of democracy in their practices or operation where
representative and linked parliamentary integrity becomes widely discussed

https://en.wikipedia.org/wiki/Democratic_deficit

RESPONDING TO THE DEMOCRATIC

DEFICIT
There are two main responses to the problem of democratic deficit in
international institution
The first is to reform the institutional arrangement, that advanced industrial
countries must be sensitive to how policies designed to provide greater stability
to their own economies, such as treating short-term lending abroad as safer
than long-term lending, may have exported the instability to the developing
world
To think more carefully about what decision are made at the international level.

MAJOR ELEMENTS OF ANY REFORM

Changes in voting structure , IMF and World Bank
Adopting principles of representation, countries representation
Increased transparency , transparency enforce through strong freedom of
information acts.
Improved accountability

FINDING A NEW BALANCE

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