Theories of Globalization

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The Globalization of Democracy Building: A Polyarchic Dilemma

When we look at the Middle East and democratization, we must realize that democracy in its current form is largely a Western concept. Democracy building on the part of the US outwards is a classic example of globalization.
This paper will examine two theories of globalization: the interdependency theory of Waltz and Robinson?s view of globalization as one of power politics. It will then move on to examine globalization theory in regards to democracy building. Finally, this paper will seek to examine democracy building initiatives in two countries, Iraq and Lebanon.
Theories of Globalization
Waltz contends that we view globalization at interdependence, and that ?interdependence [is] again associated with peace and peace increasingly with democracy.? ? People, firms, markets matter more; states matter less,? because it is the economy that drives states to make decisions. As the world becomes more interdependent on one another, decisions are made as a collective whole in the economic field, not the independent political state.
In many ways, Waltz suggests that Globalism is really Americanism spread around the globe. As the Cold War ended, it become clearer that the ideology that won out, a capitalist democracy, was the winner and dominant ideology. The theology behind it was that if a country is not transparent, with a flexible free market, then it will crumble.
What if a country is looking to open its economy? Waltz argues that a country wishing to join the world market must wear a ??golden straightjacket,? a package of policies including balanced budgets, economic deregulation, openness to investment and trade, and a stable currency.? Because it is economies that globalism is most concerned with, it is not a political decision by any one state or person, rather an economic ?herd? of…...

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