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The Limits of Globalization

in a century that was for a long time been best characterized as the USSR-USA century. Equally Asia has been struck by fundamental changes: from the imperial China to the communist China, the rise of the Tiger Economies, the Vietnam war, the Korean war, the independence of India, the Iran Iraq war, the Gulf war,... to name just a few." Since economy plays the most important role or is the main criteria in a country's prestige and power; economically strong states started to have more power on international affairs. Such strength of some countries have led them to interpret the term globalization as their right to interfere with weaker states' domestic affairs. The most recent event we could observe about this issue was the attack of the US to Iraq on Ramadan -the religiously important month of Muslims. The reason and aim of the bombing were explained by the US Foreign Affairs Minister, Ms. Albright, exactly as "We -as the US- will do what is needed for Iraqi people to get what they deserve as better life standarts." This statement could be interpreted in two different ways that are very far away in meaning from each other. It could either be viewed optimistically as US really cares about the future of Iraqi people and want to do something good for them. Or a pessimistic approach could be such that: US sees itself as the judge of the world and decide what is good or bad for everyone. The second approach is not the majority believe its right but this is still a failure of interpretation of globalization, travelling overseas to bomb."During the time this Commission has been at work, we have witnessed the currencies of Europe held hostage by forces of speculation themselves out of control. Powerful economies confronted each other on the threshold of trade wars, while marginal ones collapsed. There was ethnic cleansing in the Balkans, a 'failed state' in Somalia, and genocide in Rwanda. Nuclear weapons lay unsecured in the former Soviet ...

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