What is its connection to globalization Economic Interdependence roots from

What is its connection to globalization economic

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What is its connection to globalization? Economic Interdependence roots from globalization. Critics of the Washington Consensus sees globalization as imposing a forced choice upon states: either conform to free-market principles or run the risk of being left behind. “As your country puts on the Golden Straitjacket, two things tend to happen: your economy grows and your politics shrink.” – Thomas Friedman’s ‘Golden Straitjacket’ concept Is globalization bad for poor countries then? Jeffrey Frieden noted that this caused poorer states to ‘orient their production to hundreds of millions of prosperous consumers and attract the capital of the world’s wealthiest banks, corporations, and investors’ in hope of rising the living standards of their citizens. 2. Economic And Political Integration: The Case Of The European Union ECONOMIC INTEGRATION - is the unification of economic policies between different states, through the partial or full abolition of tariff and non-tariff restrictions on trade. EUROPEAN INTEGRATION - is the process of industrial, political, legal, economic, social and cultural integration of states wholly or partially in Europe. European integration has primarily come about through the European Union and its policies. EUROPEAN UNION has 28 member states, a single currency and monetary system, and a supranational European Parliament with growing legislative powers alongside the Council of Ministers, the EU legislative institution comprised of official representatives from national governments. MAASTRICHT TREATY - a common citizenship that affords citizens of the member states the rights to live, work, vote, and even run for office in European parliamentary elections outside one’s native member state. Europe’s two key institutions: The European Court of Justice (ECJ) – top dispute resolution body for the EU The European Court of Human Rights (ECHR) – part of a larger organization, Council of Europe 3. The Rise Of International Law And Universal Principles Peace of Westphalia (1648) championed absolute state autonomy and foreclosed humanitarian intervention. The United Nations - intergovernmental organization tasked with maintaining international peace and security, developing friendly relations among nations, achieving international co-operation, and being a center for harmonizing the actions of nations. The Responsibility to Protect (R2P or RtoP) is a global political commitment which was endorsed by all member states of the United Nations at the 2005 World Summit in order to address its four key concerns to prevent genocide, war crimes, ethnic cleansing and crimes against humanity. Transgovernmental networks are informal institutions linking regulators, legislators, judges, and other actors across national boundaries to carry out various aspects of global governance 4. States As Targets: The Rise Of Transnational Activism TRANSNATIONAL ACTIVISM - social movements and other civil society organizations and individuals operating across state borders
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- “the coordinated international campaigns on the part of networks of activists against international actors, other states, or international institutions ‘boomerang pattern of influence’ -
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