What are the ingredients of the globalization project?
Understand the Problem
The question is asking for the main ingredients of the globalization project, which highlights various economic strategies and the influence of global policies on development.
Answer
Consensus on market-based strategies, G7 rule management, multilateral implementations, TNC market power, economic disciplines, global inequalities realization, and resistance.
The ingredients of the globalization project include a consensus among global managers/policymakers favoring market-based development strategies, centralized management of global market rules by the G7 states, implementation of these rules through multilateral agencies, concentration of market power in TNCs, subjection of states to economic disciplines, realization of global inequalities, and resistance at all levels.
Answer for screen readers
The ingredients of the globalization project include a consensus among global managers/policymakers favoring market-based development strategies, centralized management of global market rules by the G7 states, implementation of these rules through multilateral agencies, concentration of market power in TNCs, subjection of states to economic disciplines, realization of global inequalities, and resistance at all levels.
More Information
The globalization project aims to integrate markets globally, improve legitimacy management, and address resistance. It involves significant influence from powerful international bodies and corporations.
Tips
Avoid conflating the economic dimensions with political or cultural elements within the context of the globalization project.
Sources
- The Globalization Project in Practice - Sage Publications - us.sagepub.com
