Globalization and Economy

Globalization is a messy term that encompasses a wide variety of human activity. As you may be aware there are trade statistics and other economic facts that suggest the world is becoming increasingly globally integrated (Held et al.1999: 169-75).  For the hyperglobalist, globalization is the consequence of information and communications technology as well as capitalism and the main elements is global economy. Globalization has made it easier to develop non-government organizations (NGOs) that promote and disseminate a certain set of political values.  The globalization and economy very related with liberalism, especially neoliberalism.

Because in neoliberalism based on the principle that human welfare is best promoted by economic growth and reducing the interference of government in private sector. And neoliberalism support measure that enable trade and finance to have unrestricted movement across national boarders. These policies attempt to ‘roll back’ the state and the role of government, and leave decisions about allocation, production, and distribution in the econmy to the global market.

            In this globalization era, many global economic institutions has rises like international monetary fund (IMF), world bank, and world trade organization (WTO). And they have a important act in world’s economy. And in globalization era the economy more increasingly, important, and complicated so the economy in this era has a lot of problems but it has a many benefits. Many new economy actor rises in many countries in this era and they have a influence in their countries, so that they can help their country in problems especially in economy like reduce the unemployment, increasing the economy, make the economy activity more variation,etc. And country began to build a connectifity in economy with other country or in regional. They start to make a policy that they can do trade and business easier like free trade or make a free trade area in the regional.

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