Globalization: The Politics of ‘We’ and ‘Them’

Abstract

This research scrutinises the political dimensions of globalisation and its repercussions on the disparity between advanced and emerging economies, frequently denoted as the "North" and "South". It is posited that globalisation has engendered a divide between the “haves” and the “have-nots”, thereby exacerbating marginalisation, mistrust, and instability globally. The study traces the historical evolution of globalisation, its theoretical foundations, and its manifestations in diverse spheres such as commerce, finance, culture, and global governance. It is contended that globalisation is not solely propelled by market dynamics but also by political considerations and interests, often disproportionately benefiting the wealthier nations at the expense of the poorer ones. The research pinpoints areas of contention where the interests of the developed and developing nations collide and deliberates on the reactions from the South, including renegotiating their involvement in the process of globalisation. The author champions a more balanced global system that caters to the needs of developing nations and mitigates the adverse effects of globalisation on disadvantaged societies.