5 International Organization
5 International Organization
• Conditional loans
Mythology about Globalization
• Decision-making
The Myth of ‘Time and Space Have
WORLD BANK GROUP (WBG)
Disappeared’
The Myth of ‘Global Cultural Homogeneity’ It was created following the Bretton Wood
The Myth of ‘Saving Planet Earth’ agreements to provide financial assistance to
The Myth of ‘Democracy for Export via countries affected by World War 1 for reconstruction
American TV’ projects in 1945. It has two ambitious goals to end
The Myth of ‘The New World Order’ extreme poverty and to promote shared prosperity.
GENERAL AGREEMENT ON TARIFFS AND TRADE a State may not be a Nation or a Nation may
(GATT) AND WORLD TRADE ORGANIZATION (WTO) not be a State”
A global corporation is operating in two or more There four essential elements of a state:
countries and face a lot of challenges and people, territory, sovereignty, and government. Based
opportunities in their quest to capture value in the on these elements, "state is a community of persons,
world market. This includes multinational and more or less numerous, permanently occupying a
transnational corporations. fixed territory, and possessed an independent.
ADVANTAGES NATION
Weiss (2015), identified five global governance gaps; -product of political, economic and social actors
knowledge, normative, policy, institutional, and REGIONALIZATION- concentration of economic flows
compliance within a region
1. Knowledge is a valuable core asset which is -binding together the region’s economy
both intangible and concrete, a general and
specific source. REGIONAL ASSOCIATIONS- form for economic and
political purposes
2. Normative role or Norms of the UN which has
been fundamental since it’s creation. -helps member states address their common
challenges, enhance their collective influence, and
3. Policies are enacted and implemented to promote their own interests.
settle problems or issues. There are many
actors involved in the process of making these North-South Divide
policies. Socio-economic and political division between
4. Institutional gaps would include any failures wealthy developed countries (North) and
to effective mechanisms to ensure that the poorer developing countries (South).
law is in place. It emphasizes the development gap.
-Rich countries above the line, and poor countries are -Economic Exploitation
below
-Resource extraction and environmental degradation
- 1969 -1952
- Shift from a focus on -Coined by Alfred Sauvy
development to -Differentiated between
geopolitical relations wealthy(First World),
-South-South Communist GLOBALIZATION AND REGIONALIZATION
Cooperation(SSC) for states(Second World),
mutual benefit and poorer coutries
-Emphasis on -Deep poverty,
collaboration and inequality, and
solidarity among underdevelopment
disadvantaged
countries
Opportunities
-Environmental