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1.historical Factor: The Impact of The Two World Wars

Globalization is a complex process influenced by historical events like the World Wars, economic liberalization, and political ideologies such as neoliberalism. Key drivers include the establishment of international institutions, the role of multinational corporations, and the spread of democratic ideals. Additionally, migration and regional integration have further facilitated global cooperation and economic integration.

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0% found this document useful (0 votes)
11 views6 pages

1.historical Factor: The Impact of The Two World Wars

Globalization is a complex process influenced by historical events like the World Wars, economic liberalization, and political ideologies such as neoliberalism. Key drivers include the establishment of international institutions, the role of multinational corporations, and the spread of democratic ideals. Additionally, migration and regional integration have further facilitated global cooperation and economic integration.

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rohitgupta842004
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© © All Rights Reserved
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Globalisation is a multifaceted process that has transformed the

world’s political, economic, cultural, and technological


landscapes. In the realm of global politics, globalization has
reshaped traditional understandings of sovereignty and state
power.

1.Historical Factor

The Impact of the Two World Wars

The consequences of World War I and World War II led to


significant global cooperation. After the wars, there was a clear
recognition that unchecked nationalism and isolationist policies
could lead to further conflicts. Institutions such as the United
Nations, the International Monetary Fund (IMF), and the World
Bank were established for collective security and economic
stability. This led to further integration and global cooperation.

2.Economic Drivers

Trade Liberalization and Market Opening

One of the most significant economic causes of globalization has


been the liberalization of trade and investment policies.
Beginning in the latter half of the 20th century, many
governments, influenced by neoliberal economic thought, began
to remove protectionist barriers and promote free trade
agreements. Institutions such as the World Trade Organization
(WTO) and European Union (EU) were established to facilitate
these policies .

The Role of Multinational Corporations (MNCs)

Multinational corporations have emerged as major players in the


process of globalisation. These companies operate in multiple
countries, setting up production, distribution, and research
centres around the world. Due to differences in labour costs,
regulatory environments, and access to raw materials, MNCs
have been able to optimise their operations and contributing to
the global integration.

3.Political Ideologies

Neoliberalism and the Ideological Shift

The ideological landscape of the late 20th century played a


pivotal role in advancing globalization. Neoliberalism
emphasizes on free markets, deregulation, privatization, and
minimal state intervention gained prominence in many parts of
the world.. Neoliberalism provided framework for opening up
economies to foreign investment and reducing trade barriers.

The Role of National Governments in Promoting Globalization

National governments have been active agents in promoting


Globalization. Political leaders have recognized that integrating
their economies into the global market can led to growth,
innovation, and geopolitical influence. Governments have
negotiated free trade agreements, participated in multinational
institutions, and made domestic policies that support
international business.

The Spread of Liberal and Democratic Ideals

In the post-World War II era, liberal democratic ideals gained


widespread acceptance as the normative framework for political
and economic organization. These ideals advocate for individual
rights, free markets, and open societies—principles that
naturally align with global integration.

4.The Role of International Institutions


Establishing a New World Order

The post-World War II period saw the emergence of a new set of


international institutions to foster cooperation and mitigate the
risks of conflict. Organizations such as the United Nations (UN),
the International Monetary Fund (IMF), the World Bank, and later
the World Trade Organization (WTO) were established to
promote stability and economic integration. Their efforts have
smooth the process of globalization.

Promoting Democracy and Human Rights

Globalization has also been influenced by the political agenda of


promoting democracy and human rights around the world. Many
Western governments, particularly during the post-Cold War era,
viewed globalization as an opportunity to spread democratic
governance and market-oriented economic policies. Programs
that supported democratic institutions, free elections, and civil
society

5.Socio-Cultural Dimensions

Migration, Diasporas, and Transnational Networks

Migration is another key factor in the globalization of global


politics. The movement of people across borders for economic,
political, or social reasons has maintained ties with their
countries of origin while integrating into new societies. Diaspora
communities often act as bridges between different parts of the
world, facilitating economic transactions, political dialogue, and
cultural exchange
6.Institutional Causes
The Role of International Organisations

International organisations have played a pivotal role in


promoting globalisation. Institutions such as the United Nations,
World Trade Organization (WTO), International Monetary Fund
(IMF), and the World Bank have been instrumental in
establishing the norms and rules that govern global economic
and political interactions. These organisations facilitate
ccooperation and mediating conflicts.

Regional Integration and Supranational Entities

Regional integration is another important factor that has driven


globalisation. The formation of regional blocs such as the
European Union, ASEAN (Association of Southeast Asian
Nations), and NAFTA (now replaced by the United States–
Mexico–Canada Agreement) illustrates how neighbouring
countries can enhance economic cooperation and political
dialogue by reducing internal barriers.

Case Studies showing the Causes of Globalisation


China’s Economic Transformation

China’s rapid economic transformation over the past few


decades has had a profound impact on globalisation. The
country’s shift from a closed, centrally planned economy to a
major global player has been driven by policies of economic
liberalisation, foreign direct investment, and export-led growth.
China’s entry into the World Trade Organization in 2001 marked
a significant milestone, integrating it further into the global
economy.

Conclusion

The causes of globalisation shaped by historical, economic,


technological, political, and cultural factors. The historical
evolution has been marked by world wars, the Cold War, and the
ideological shift toward neoliberalism. Economic liberalisation
led to trade agreements, deregulation and the rise of
multinational corporations.

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