Neoliberalism and Globalization

The term globalization refer to the process of globalizing , transforming of some things or phenomena into global ones . It is a process through which people in the world are unified into one single society and function together . This process is a combination of economic technological , socialcultural and political forces . Globalization is mostly used to refer to economic globalization , that is integration of national economies into the international economy through trade , capital flows , migration , foreign direct investment , and the spread of technology

The word globalization is also used , in a doctrinal sense

to describe the neoliberal form of economic globalization . Accordind to reaserch gobalobalized trade , outsourcing , supply chaining , and political forces have changed the world permanently , for both better and worse . T he pace of globalization is quickening and will continue to have a growing impact on business organization and practice

Neoliberalism is a label used by the opponents of liberalism for a political movement that gives birth to economic liberalism as a means of promoting economic development and securing political liberty . The movement is sometimes described as an effort to revert to the economic policies of the 18th and 19th centuries classical liberalism (Sawyer 2004

Neoliberal reforms in Latin America have led to inequality , poverty and little or no growth in much of the region because they are based on a fundamentally flawed concept of what makes a market economy work . The implementation of neoliberalism and free trade throughout Latin America has not gone uncontested . It has instigated mass movements , reflecting broad and diverse societal sectors , grievances , and forms of organization . The debt crisis aggravated massive protests , as people fated the short sightedness and corruption of their governments , as well as the IFIs that were increasingly running the nations ' economies through recommendations for structural change and severity programs

Because of these structural adjustments , the State therefore had a less active presence in society and in addressing the needs of its citizens Concurrently , increased unemployment and decreased standards of living demanded some type of relief as the economy went down . Governments focused on paying their foreign debts , and generating income exclusively for this purpose

Several of these protests were a direct retort to the harsh asceticism measures , mandated by the IFI 's and forced on the people through government economic policy . In a ten-year period , between 1976 and 1986 , more than half the key countries of Latin America and the Caribbean experienced social upheavals due to these severity measures (Sawyer , 2004 . In the context of declining living standards , decreased wages , minimal or no subsidies , reduced social spending on schools healthcare , housing , and an stress on an increase in production for export , many people found an explanation to participate in some form of mobilization . The struggle for daily endurance , induced through the obligation of stern programs , did not hinder , but rather catalyzed the expansion of mass movements However , since the early 90s , the Indigenous movement of Ecuador has led the country 's most powerful social mobilizations , pressing for rights to land , a...