Governing Global Business Essay Example | Topics and Well Written Essays - 1750 words

Governing Global work - Essay ExampleLiberalism is the most accepted theory in this regard and the main principles of globalisation ar based on this theory. Research Question Since the theory of liberalism is most close to the topic of globalisation, the theory has got a wide acceptance among the research scholars who have written about the state and the effects of Globalisation. This paper makes an set about to analyse how far the principles of Liberalism be applicable to the globalisation and how it has been actu tout ensembley applied in practice. Literature check over Globalisation is a phenomenon that the world experienced through the opening up of the networks of communication and clientele dealings crosswise countries in different parts of the world. As a result of the globalisation the world would be a single village of people where the flow of ideas would be free and the cultural exchange between people would be more liberal (Smith, 1980, p. 119). There are several f acets of the process of globalisation. First of on the whole it means the liberalisation of the foreign policies of the state. Along with this it includes the privatisation of the government enterprises and investments in projects across the barriers of nationality (Waters, 1995, p. 11). The phenomenon would also include the sluttish mobility of the employable people and exchange of business ideas. But the idea chiefly includes mainly communication across cross country borders. The advent of Globalisation was seen mostly towards the fag end of the twentieth century (Appadurai, 2000, p. 82). With the lineage of the World Wide Web, the people could easily establish the relations that lie at the diametrically reverse part of the globe. The time taken to carry out this communication process was also less which in turn facilitated trade across countries. The free flowing ideas and exchange of information had also brought the nations with the common interests on a same platform. On th e other hand, a state in the sense of politics are a group of people living in a definite area of land and are controlled and guided by the rules laid down by a powerful body known as the government (Featherstone, 1990, p. 73). Often the term government is utilize interchangeably with the state. There are several states or nations in the world that have their specific set of rules and regulations. The process of globalisation would encourage the interaction of all these states from an economic, social, cultural and religious perspective on a common field. The terms that are commonly used along with the term globalization include Liberalism, Marxism and Realism. The political philosophy of Liberalism means that a state should allow self-sufficiency and equality to all the citizens of the state. The people of the state should provide each and every citizen to take part in the election in the most open manner. The country should take part in free trade and the people should be allow ed to have ownership of property (Rosefielde, 2008, p. 60). This is completely opposed to the theory of Marxism that does not believe in the possession of private property but believe that the surplus value that comes out of whatsoever production process should be sent to the government who will have the responsibility of allocating the resources according to the require of the people. The ownership of the means of production should lie in the hands of