10 Arguments Against Globalisation – Explained!

Some of the arguments against Globalisation are as follows:

1. An agenda of the Rich States and their Multinational Corporations (MNCs):

The critics of globalisation criticize it as a corporate agenda—(the agenda of the big business) and the ideology of the developed countries to dominate and control the international economic system in a bigger, deeper and intensive manner.

2. Gains of Globalisation for Rich at the Cost of Poor:

Under the process of Globalisation, big business has done well despite the slow productivity growth. Globalisation has helped the corporate elites to be more and more rich and wealthy. The poor continue to face poverty and exploitation.

3. Source of Economic Crises:

The new global order has been experiencing increased financial volatility. Financial crises have become more and more threatening and extensive. For the last three years, the World has been living with global economic recession.

4. Globalisation as an Imposed Decision of the Rich:

The critics of describe globalisation as an imposed decision. It has not been a democratic choice of the people of the world. It has been the brain child of the rich and wealthy.

5. Strengthened Role of Multinational Corporations (MNCs):

Under the grab of globalisation, the business community, particularly the MNCs have also mounted powerful efforts for dominating governments. By enlarging business profits and weakening labour, globalisation has shifted the balance of power in favour of the big business and their MNCs.

6. Private Profits at the cost of Social Security:

The efforts of the corporate elite have led to more profits for the rich industrial business houses. This has limited the resources of the state. Consequently, the role of state in the social security sector has been getting reduced.

7. Increased Protectionism and Neo-colonialism:

The business elites of various states have all also been trying to secure such international agreements and policy-actions by the IMF and World Bank, as can enhance the ability of their governments to act on their behalf for securing their interests. Globalisation has been giving birth to a new system of MNC protectionism. For the developing countries, MNCs have been acting as agents of undue control over their economies.

8. Increased Role of Big Business in Politics:

Most of the agreements and demands of the international financial institutions now support the policies desired by the big business and industrial corporations. Big businessmen have started dominating governmental policies and decisions.

9. Against Democratic Rights of the Ordinary Citizens:

Globalisation has been a source of denial of democratic rights to ordinary citizens and their governments. These are getting subordinated to the rights of investors and MNCs.

10. Globalisation has been a Productivity Failure, a Social Disaster, and a Threat to Stability:

The claim of supporters of Globalizations that free trade is the route to economic growth has been an empty claim. The word continues to live with poverty, hunger disease under- development, violence, wars and terrorism. On the basis of these arguments, the critics strongly criticize Globalisation.

Submitted by : Professor Anchal, Category : Globalization, Tag : Globalisation