Globalisation of Politics (Jonathan Lee)
Tuesday, August 12, 2008
Globalisation definitely had a huge effect on politics. It played a very important role in the nature of politics. There are as much as 100 large economies in the world, of which 51% are corporations and 49% are countries. Multinational corporations (MNC) can be seen as a significant force that challenge the concept of a national economy. In the 21st century, governments have much less control over their economies than before. Governments need the support from multinational companies in order to run the country well and effectively. They are dependent on corporations for their resources and services. One example is by providing aid for government initiatives such as natural disasters like Tsunami relief or earthquakes. However, if a country becomes too interdependent and is overpowered by a stronger economy it will lose its economic strength and may be forced to set policies that are differing to its citizen's interests or desires. In my opinion, it would be wiser to implement a new system of governance that has emerged where policies are based around benefiting governments and multi national corporations, rather than the citizens.
Jonathan Lee