Effects of Economic Globalization and Integration

1397 Words6 Pages
Economic globalization and economic integration have long been thought to reduce the probability of conflict and war based on neoliberal institutionalist theory, complex interdependence theory, and World Systems theory. At first thought, it is plausible why one might agree with the claim. Yet the claim itself cannot procure such black-and-white answers when it combines conflict and war; two separate terms. Political scientists have long been in conversation with one another on the topic, from the writings of Peter Evans in 1989 to Nancy Bermeo in 2009. For this essay, conflict will be examined as a socio-economic conflict internal and external to a nation, and war will be examined as a military-backed conflict at an international level. When viewed this way, it will be made clear why the response lies in “50 shades of grey and more”. The socio-economic inequality that arises from nations desiring to become economically globalized and economic integrated is huge source of conflict both internally and externally. To put substance to this claim, one must examine the historical context of major world economies between 1918 and 1971. During the interwar years (1918-1945) in which global economies experienced “The Great Depression,” policies of protectionism created isolation, and the competitive devaluation of currency in the global markets continued to drive market prices down. Although competitive devaluation increased net exports, producers felt the effects of stagflation
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