Studies have examined whether globalization processes have reduced or exacerbated wealth inequalities within developed countries and developing ones. While markets will produce winners and losers, liberals argue that the openness accompanying globalization will benefit all. Others see the potential to produce widening disparities. The short answer is that the effect of globalization has been both positive and negative and is dependent on a range of domestic and international factors.
Extensive evidence also exists to support the claim that economic interdependence is related to more peaceful relations.
Reformers seek a more equitable distribution of wealth, attention to the plight to women, and addressing the global environmental crisis. More radical solutions would severely curtail market forces to prevent the unwanted effects of the global free market.
However, the free-marketers, who see the benefits of greater interconnectedness, particularly economic openness, say anti-globalization protestors have misplaced their anger. Acording to globalization advocates, the problems identified by the anti-globalization movement arise from relying too little on markets and individualism, not too much.
One important discussion surrounds whether the nation-state is obsolete as the best form of political organization. The Revenge of God : the Resurgence of Islam, Christianity and Judaism in the modern world.
Economic and social processes increasingly cross borders making it increasingly difficult for states to control their territory, a central component of sovereignty. University Park, PA: Pennsylvania State University Press.; Naipaul, V.
Recent popular titles on globalization, "Lexus and the Olive Tree" and "Jihad Vs.
Mc World," attest to the seemingly contradictory unifying and divisive forces inherent in globalization.
For many, globalization is equated with economic interdependence.
At the dawn of the 21 century, the scale and magnitude of global economic interaction appears to be unprecedented. The volume of capital flows far exceeds that of the past.