Friday, December 11, 2009

Neoliberal Globalization

Part 1:
Potomaki and Teivainen had a very interesting article that discussed the political and economic theory of neoliberalism. The best theoretical response to globalization is a theory called cosmopolitan democracy, but the problem with it is that it is not part of the “real world historical processes”. In Potomaki and Teivainen’s article they use the example of a region in Latin America called Mercosur where neoliberal globalization has shown many political responses that exhibit signs of cosmopolitan democracy. The main issue they are having troubles with is financial globalization. They are attempting to find radical reforms. Countries such as Argentina, Uruguay, Paraguay and Brazil have revealed that they have developed in such a way that they now have the political consciousness to handle real problems that citizens were having. Potomaki and Teivainen also developed working definitions of concepts such as: globalization, democracy, civic public spaces, and trans/supra-national responses to globalization. They discovered that they needed to redefine the “conceptual basis”of cosmopolitan democracy in terms of political economy.

Part 2:
I found it interesting that countries in South America were exhibiting signs of neoliberal globalization. I am not sure what country I expected, but South America threw me for a loop.

Part 3:
What other countries do you think are showing signs of neoliberal globalization? Is this good or bad and Why?

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