Globalization and international trade. Is more international trade Essay

Globalization and international trade. Is more international trade socially beneficialWould it be possible to agree, unanimously, that globalization is a bad i - Essay Example f computer technology, who represent the â€Å"Electronic Hurd† led by Wall Street and (c) the policy of â€Å"globulation† whereby dictatorial states are forced to democratize through pressure applied by the international community. According to Curran and Park, the increased networking due to globalization makes it â€Å"a process that is increasing international dialogue, empowering minorities and building progressive solidarity.† (Curran and Park, 2000:10). In the countries of east Europe where deregulation and the introduction of capitalistic modes of private enterprise through introduction of free trade have eroded the traditional socialistic framework that has existed in these countries.(Richards and French, 1996: 41). According to Thomas Friedman, globalization is the â€Å"inexorable integration of markets, nation states and technologies†¦..the spread of free market capitalism to virtually every country in the world.† (Friedman, 2000: 7-8). Waters views it as a â€Å"social process† in which the limitations imposed by geography are receding (Waters, 1995:3). He sees a social transformation taking place, whereby the economic and class inequalities that existed between countries and created material and power exchanges is now steadily being replaced by relationships that are based upon common symbols and values, shared tastes and preferences – a cultural transformation of social life. (Waters 1995:124). In reference to international trade facilitated by globalization and the opening up of borders, Mittelman refers to globalization as a historical transformation - â€Å"a political response to the expansion of market power† resulting in a transformation â€Å"in the economy, of livelihoods and modes of existence† (Mittelman, 2000: 6) and McMichael corroborates this view, seeing the process of global integration taking place on the basis of â€Å"market rule on a global scale†(McMichael, 2000:149). Friedman (2000) has highlighted some of the advantages of