globalisation has given rise to a number of problems

Globalization and Protectionism in the 21st Century

Globalization is an international phenomenon with far-reaching consequences in the social , political and economic realms . Economic globalization , namely the spread of neoliberalism and capitalist-inspired consumerism as the dominant engine of economic growth , has both supporters and detractors . The world is becoming more and more interdependent and whether you think globalization is a good or bad thing , it is here to stay . Many people in developed countries argue in favor of protectionism because foreign wages are much lower and domestic producers cannot compete . The result

is that jobs are lost as employment trends shift overseas . Seeking to explore the present international economic situation with an eye to the main theoretical approaches to the globalization phenomenon , different theoretical paradigms will be analyzed . Mexico , a developing country in the Western Hemisphere and member of the North American Free Trade Agreement (NAFTA , will be used as a case study to explore the ramifications of realist-inspired neoliberalism and the effects of globalization on a country in the developing world

Interdependence and the Emergence of Globalization

Globalization , as it exists today , rests largely on the shoulders of neoliberal economics and the global entrenchment of capitalism as the dominant economic system in the world . Inspired by Realist ideological doctrine , neo-liberalism is the belief in laissez-faire economics and its early proponents were Margaret Thatcher in the United Kingdom and Ronald Reagan in the United States in the 1980s . US President Ronald Regan famously remarked government was not the solution but the...