Features of Neoliberal Globalization

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Globalization creates many problems to the world in term of economy, politics and the culture. The globalization has become more apparent with the advent of technological developments. Advances in technology bring more efficient production processes, better products, and faster, cheaper ways of doing business. The immediate effect may be success in business competition, but the total effect is not more profits, but more economic crises due to unfair competition and disorder.

Neo-liberalism has become the new type of imperialist globalization in order to open new markets for trade and investment. This is why and how many numbers of economic crises emerge. Monopoly companies apply free market economics in order to dominate the trade and investment, divide the nations and the countries through privatization of state products and services, and remove regulations that prevent monopoly integration and control and higher profits.

Globalization promises to bring modernity and prosperity but it only brings the opposite. The world is in great danger today of financial collapse because of the greed of monopoly corporations who do not want their profits to reduce, and because neo-liberal globalization allows them to destroy economies of the developing countries the economic crisis and social turmoil is always encountered. Because of the adverse effects of the neoliberal globalization the balance of income distribution is worsened day by day.

In this essay I am focusing on the features and adverse effects of the neoliberal globalization and the challenges against it. In order to clarify the topic more understandably I also examine the brief explanations of liberalism, neoliberalism and the globalization itself.


The basic of neoliberal globalization and the economic process of crisis and globalization increases international unfair competition, income inequalities, the destructive loss of the environment, cultural erosion, unemployment by means of financial speculation, trade dumping, monopoly investment and so on. Because the use of technology and investment is limited to the certain developed countries and the corporations the level of inequality is significantly worsening every single day.

Neoliberal globalization deepens the utilization and misuse of the country reserves and the military of the certain countries helps this destruction. This negative incident was actually commenced by the liberalism.


First we need say that liberalism is a positive political approach. As Social Policy (http://www.socialpolicy.ca/l.htm) web site defines" an ideology that believes in the following social values: freedom, individualism, inequality, pragmatism, and humanism. Liberalism supports social insurance programs, because it believes that they encourage savings (thus being less dependent on the State), shares the risk of unemployment, injury and retirement amongst all those at risk. Liberalism believes in full employment as a social program, so that people support themselves and can be less dependent on the State". It is true that liberalism puts the individual and their place in society in a front plan. According to liberalism every person is unique, and owns certain skills and abilities and thus every person has a critical part in the society and the government.

The roots of liberalism are dated back to the works of British philosopher John Locke, the father of classic liberalism. Locke suggests that the people in the society are equal to each other but some of them might be more powerful, quoting from the works of James Tully, named as "An approach to political philosophy" liberalism of the sort that Locke advocated (and which has been extremely influential) is hypocritical and inconsistent; it claims that people are by nature free and equal, and that inequalities result from agreements into which we freely enter, but it also tacitly assumes that some people are naturally more equal than others...
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