Globalization and Democracy

Carl B. Hamilton

in Challenges to Globalization

Published by University of Chicago Press

Published in print April 2004 | ISBN: 9780226036151
Published online February 2013 | e-ISBN: 9780226036557 | DOI:
Globalization and Democracy

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This chapter, which considers directly the charge that globalization undermines democracy, finds a superficial plausibility to the view, but argues that, in general, it does not stand up to scrutiny. In particular, it reports survey results suggesting considerable support for globalization among the peoples of the world, although certain countries (e.g., France, Australia, Turkey, and Argentina) buck the trend, which is possibly, in the latter pair, a reflection of their recent financial crises. The second part of chapter argues that democracy has both an intrinsic and an instrumental value, and that the World Bank, which is now heavily focused on issues of governance, should be less coy about promoting it directly. It further argues that openness and globalization are positively associated with democracy—either promoting it or resulting from it—and this leads to the conclusion that concerns about the democratic consequences of globalization are exaggerated. A commentary is also included at the end of the chapter.

Keywords: globalization; democracy; World Bank; openness

Chapter.  11629 words. 

Subjects: International Economics

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