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Globalisation Vs Globalization

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establishing the rules of global financial, economic and trade governance – the IMF, World Bank and WTO – appear more driven by narrow ideology and the demands of special interests. Shared values are hardly equally shared. This makes states to cling onto the international law and the international community uses soft and hard laws to make these states comply even if they do not relate with them.
According to Robinson (2007), The global capitalist theory states that there is an emergence of a transnational state (TNS), through a transnational capitalistic class (TCC), propels globalization by using transnational corporations (TNC). These trans-national forces show superiority over nation states as they manage global accumulation. Imperislism …show more content…

Capitalist globalisation is dependent on a global hierarchy of power and wealth and on an inequality based on geographical, class and racial terms. It also thrives on an historic and unending assault on the people of the Global South by neo-liberal policy, global exploitation, and imperialist military and cultural apparatus. It has given little room for development in the Global South as it favors the Global North, industrialized countries. The common phrase used with globalization is that ‘the strong can now extract what it will, and the weak must surrender what it cannot protect’. This means the continent’s waters, land and resources which undermines the states’ sovereignty, security and integrity. According to Andre Gunder Frank, the only time development has been noted in the Global south was in the 1930s during the two world wars and the Depression. This was because there was no trade linkage between the core and the periphery and each worked autonomously (Saul, 2006). Liberalism …show more content…

According to Ering (2013), profit-driven multi-national companies have rushed to the area to extract minerals. They include Shell (1956), Mobil, Agip (1962), Texaco (1970), Elf (1962) and Chevron (1965). These are the years the respective countries started their productions. The companies work on a joint venture with the Nigerian government. Most of these conflicts are directly caused by the present multi-national oil companies due to their operations. However, they started off as grievances by the minority groups in the area to be included in the political and social arena in the

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