Chapter 1: The Politics of Globalisation
1. The politics of globalisation DEFINING GLOBALISATION The War in Iraq has contributed to increased global uncertainties. In the USA, the War in Iraq has been accompanied by a distinct change of mood among some senior politicians who advocate a break with multilateral agreements and argue against the interventions and regulations of the UN, NATO or the WTO. There is resistance to review the subsidies to US agriculture and steel making, instead the focus is put on unfair competition from China. In this context, it is therefore difficult to talk about globalisation without taking into account a changing mood about the commitments to the concept of a global economy. The commitment to free trade, the promise of cheaper goods and more choice for US consumers is being increasingly eclipsed by arguments that favour protection and tariffs and bilateral agreements rather than the multi-lateralism of the global economy. In making the point that globalisation has to be located in an historical perspective Michie (2003) provided the following quote from Marx and Engels (1848) Communist Manifesto. Marx and Engels wrote: ‘All old-established national industries have been destroyed or are daily being destroyed. They are dislodged by new industries, whose introduction becomes a life and death question for all nations, by industries that no longer work up indigenous raw material, but raw material drawn from the remotest zones, industries whose products are consumed not only at home, but in every quarter of the globe. In place of the old wants, satisfied by the...
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