Introduction
The concept behind globalization is misleading since, by its definition, scholars have described it to have started more than 500 years ago. According to its theorists and observers, globalization has been argued to have significantly increased cultural, cross-border economic, technological, and social exchange, which has been civilizing, feeble, and destructive (Guillen, 2001). In the civilization lens, the destructive interpretation linked to globalization is convergence despite the associated harmful instead of beneficial outcomes.
Globalization in a capitalist world economy
However, when people understand globalization in the political and economic developments within the last century, it becomes clear that it has contributed to the spread of the long history of the capitalist world economy (Wallerstein, 2000). Moreover, even with the overarching understanding attributed to the secular trends on globalization’s impact on both political and economic frameworks, all reach critical points.
Wallerstein (2000) shows that regardless of how globalization is viewed, it has contributed to the modern world system, which is in structural crisis, and the chaotic behavior that leads to new structure transition and bifurcation remains predetermined. The new structure transition is open to human creativity and intervention.
On the one hand, the impact of globalization has led to the political decentralization of world-economy systems of societies. Through economic globalization, the modern world system has a decisive impact on the interstate system and national politics. With this, countries have been forced to adapt to strategies based on secular trends that try to balance new ideas linked to globalization.
On the other hand, globalization has been linked to the uneven structural developments evident in the modern world system. The uneven developments have been attributed to the inter-imperial conflicts in the core for access to worldwide markets and investment outlets.
References
Guillen M. F. (2001). Is globalization civilizing destructive or feeble? A critique of five key debates in the social science literature. Annual Review of Sociology 235–260.
Wallerstein I. (2000). Globalization or the age of transition? A long-term view of the trajectory of the world system. International Sociology, 15(2), 249–265.