Market globalism reflects the concepts of globalization with neoliberal values that favor free market capitalism and self-regulated economies. Globalization has boosted competition internationally and increased technological connectivity between nations. However, it has also led to greater economic and social imbalances between rich and poor countries, rising immigration numbers, increased spread of diseases, and threats to local production as cheaper foreign goods displace domestic producers.
Market globalism reflects the concepts of globalization with neoliberal values that favor free market capitalism and self-regulated economies. Globalization has boosted competition internationally and increased technological connectivity between nations. However, it has also led to greater economic and social imbalances between rich and poor countries, rising immigration numbers, increased spread of diseases, and threats to local production as cheaper foreign goods displace domestic producers.
Market globalism reflects the concepts of globalization with neoliberal values that favor free market capitalism and self-regulated economies. Globalization has boosted competition internationally and increased technological connectivity between nations. However, it has also led to greater economic and social imbalances between rich and poor countries, rising immigration numbers, increased spread of diseases, and threats to local production as cheaper foreign goods displace domestic producers.
Market globalism reflects the concepts of globalization with neoliberal values that favor free market capitalism and self-regulated economies. Globalization has boosted competition internationally and increased technological connectivity between nations. However, it has also led to greater economic and social imbalances between rich and poor countries, rising immigration numbers, increased spread of diseases, and threats to local production as cheaper foreign goods displace domestic producers.
Market globalism reflects the concepts of globalization with neoliberal values and meanings. Neo-liberal is a form of liberalism which favours free-market capitalism. The economy is self-regulated through supply and demand. Globalization boosted a rise in competition in the global world. This benefits many countries in terms of economic advancement. This influence the country positively in aspects regarding the wellbeing of consumers and the economy as a whole. Competition strengthens international competitiveness and the productiveness of the business sector and enhances economic growth as well as dynamic market systems. The fast and vast increase in technology also opened a new era in communication which in return encourages interaction between different nations. Consumers gain the advantage of being able to buy products through online suppliers across the world, getting their goods for a fraction of the cost and delivered directly to your doorstep. The unmatched speed and volume of human mobility caused by globalisation are the most undisguised manifestation in today’s era of globalisation. Global population grows at an increased rate in such a way that social and economic imbalance between the rich and the poor countries become intense. This leads to immigration numbers rising in search of better opportunities of employment and quality of life. Better and modern transportation that was created to enable more products and people to be transported to different places, enable the spreading of diseases to increase significantly. To stay in a competitive market, farmers now have to administer drugs and other hormones into animals which produce milk, meat and eggs. These drugs and hormones has a lot of side effects to humans, for example they build resistance against medication that are used to treat certain human diseases. Globalization threatens local production. The availability of foreign foods and produce at a fraction of the cost, displaced local producers and farmers who would have earned a living by selling their produce to local markets. I personally tend NOT to align with market globalisation. The famous quote from Animal farm by George Orwell: “All animals are equal, but some animals are more equal than others” is a great metaphor for what market globalisation has done to the world. All countries can be seen as equal in the new world, but due to market globalisation some countries seems to benefit more and in such a way advance faster than the rest of the world.
