|Smart Library on Globalization|
Overview: Who Controls Globalization?
The current phase of globalization is not under the control of some centralized regulatory institution, agent or state. Globalization is not chaotic either. Rather, authors discuss ways that the various aspects of globalization are ordered or where regulation is attempted.
Influence and Control
The notion of influence focuses on cause-effect relations among individuals, companies, organizations and states within a global system. Individuals and groups of individuals have a greater degree of influence (if not control) over markets, states and international policy than ever before.
The idea of influence simply indicates a cause-effect relationship. What one organization does in one place makes a difference for an organization in another place.
Influence and control are not the same thing, however. Control involves the degree to which an organization or network of organizations is able to regulate and direct globalization processes. Authors often write about powerful financial or regulatory organizations (for example, the International Monetary Fund, the United Nations, etc.) and their attempts to regulate or control globalizing processes.
Authors identify two reasons that organizations lack control over globalization:
In short, powerful organizations may attempt to control some aspect of globalization, but real control is rarely, if ever, achieved. While many participate, no one is in control.
Logic of Development
Authors like Thomas Friedman focus less on the intentions of organizations or agencies in pushing forward globalization than on the underlying “logic” of globalization. That is, globalization operates according to a patterned set of processes (like the expansion of free-trade capitalism). Although these processes may not always play out in predictable ways, Friedman describes the overall process of globalization as “inexorable.”
On the other hand, Held and his colleagues argue that it is a mistake to see any necessary end or goal toward which globalization progresses. Rather, the factors underlying globalization are complex, diverse and are heavily influenced by historical circumstances.
Globalization may have a sort of “logic,” but the situation is incredibly complex. We may perceive certain patterns, but we have no idea what will actually come of the process of globalization.
Keytexts used to create this overview:
Common Business Problems Lead to Common Legal Solutions
Where Does Globalization Come From?
How to Resist Transplanted Law: China
How to Resist Transplanted Law: Indonesia
How Countries Resist Global Institutions
Four Theories of the Global Impact of Law
Four Sites of Struggle over Global Law
Three Perspectives on Globalization
Why Is Law Globalized? It Depends on the Type of Law
Economic Globalization: An Appraisal
Why Has the IMF Failed Its Mission?