Globalisation vs Imperialism Essay

830 Words Sep 16th, 2015 4 Pages
If you care to count, globalisation is a thirteen-letter word. Perhaps that is why many are tempted to believe that there is a primeval curse on the phenomenon. As the focal point of unending controversy, globalisation has been both lauded to the skies and decried vehemently – often for the same effects. And in a world where economic integration is widely viewed as “detrimental” to poorer nations, many would agree emphatically with the motion of the house – that globalisation is imperialism repackaged.

While making their zealous arguments, however, most critics overlook the fact that by very definition globalisation and imperialism are near-polar opposites. A natural confusion, considering the growing trend of socialistic thought. After
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As a phenomenon which enables countries to exchange products, resources, cultures, technologies and ideas, globalisation is a powerful tool for both economic and social development.

If there is one conviction on which all critics of globalisation unite, it is this – wealthy multinationals exploit labourers in poor countries. The argument of unfair wages to industrial workers is the most frequently trumpeted; and, one of the least persuasive. It has been observed that multinationals generally offer a wage premium, paying an average rate higher than the ones available in alternative jobs offered by domestic companies – surely it would be odd to consider this as exploitation! And as for the violation of domestic labour laws, it is often seen that these very laws are difficult to enforce, either because they are stated ambiguously or because the cost of such mandates would be formidable. Here, since the problem lies with lack of effective enforcement in the host country, can we really hold the multinationals responsible for exploitation? In addition, it is often conveniently forgotten that a corrupt domestic trader with a monopoly of a product is far likelier to exploit his workers by giving them unfair wages and forcing them to work in wretched conditions. Anti-corporation critics should therefore remember that exploitation and globalisation are not synonymous – workers suffer

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