Globalization and the Role of Nongovernmental Organization and Transnational Corporations
Globalization and the Role of Nongovernmental Organization and Transnational Corporations
Ever since people started to migrate and encounter new people, globalization has been a fact of life. Trade, war and movement have spread culture around the world but now with the advent of telecommunication, global transportation, and more money; Globalization is happening at rate that is alarming to some and advantageous to others. Some would say that America is the driver of the globalization vehicle and others claim that America is just an influential player, a backseat driver. Wherever people stand on the issue one thing is clear; NGO’s and TNC’s are the cause and effect of many of the arguments surrounding globalization. NGO’s are created to regulate trade, labor and growth around the world. Instead, according to some NGO’s are hindering and even hurting developing nations, workers and the environment. Transnational Corporations, on the other hand, are the result of the liberalization of trade and markets since World War II and more recently, the end of the Cold War. These corporations, who are mainly headquartered in the United States, have enormous power and flexibility because they are not restrained by the rules of any one state. This has led to improved quality of life around the world, and the availability of goods and services around the world. Alternatively, TNC’s have led to corporations that employ more people than entire counties as well as a polarization of states. Whether you love them or hate them, they are an integral part of human’s success and failures. The Bretton Woods system was the first example of a monetary organization intended to govern monetary relations among independent states; it was created after WW II and helped pave the way to modern NGO’s and TNC’s. The Bretton Woods system was flawed and the institution has since been dismantled, but the ideas it represented are manifest in the modern NGO’s. The current International Financial
Ever since people started to migrate and encounter new people, globalization has been a fact of life. Trade, war and movement have spread culture around the world but now with the advent of telecommunication, global transportation, and more money; Globalization is happening at rate that is alarming to some and advantageous to others. Some would say that America is the driver of the globalization vehicle and others claim that America is just an influential player, a backseat driver. Wherever people stand on the issue one thing is clear; NGO’s and TNC’s are the cause and effect of many of the arguments surrounding globalization. NGO’s are created to regulate trade, labor and growth around the world. Instead, according to some NGO’s are hindering and even hurting developing nations, workers and the environment. Transnational Corporations, on the other hand, are the result of the liberalization of trade and markets since World War II and more recently, the end of the Cold War. These corporations, who are mainly headquartered in the United States, have enormous power and flexibility because they are not restrained by the rules of any one state. This has led to improved quality of life around the world, and the availability of goods and services around the world. Alternatively, TNC’s have led to corporations that employ more people than entire counties as well as a polarization of states. Whether you love them or hate them, they are an integral part of human’s success and failures. The Bretton Woods system was the first example of a monetary organization intended to govern monetary relations among independent states; it was created after WW II and helped pave the way to modern NGO’s and TNC’s. The Bretton Woods system was flawed and the institution has since been dismantled, but the ideas it represented are manifest in the modern NGO’s. The current International Financial
Cited: Kesselman, M (Ed.). (2007). The politics of globalization. New York, New York: Houghton Mifflin.