In what ways has 'Globalisation' affected the international system Essay

In what ways has 'Globalisation' affected the international system - Essay Example This is done in the situation where the comparative advantages in manufacturing said component are high. Globalization of financial markets refers to the integration of financial systems between countries to achieve unrestricted flow of capital-seen in the trade in financial securities-between the member states. In defining politics and, by extension, understanding what global politics is, we should first separate as between politics and governance. The purpose of this clarification is to separate between an emerging term of global governance , which is used incorrectly in reference to global politics. Governance typically refers to managerial functions of controlling, coordinating, directing, and planning. Therefore, it is associated with proper legislations and policy - engineering by relevant authorities that help constitute proper administration by a government in power. However, politics is concerned with the power relations that circumvent these corridors of governance giving s hape to the styles or structure of governance adopted by the duly people in power1. In practice, politics is closely linked globally to actions of powerful groups who are in control-at least for a predefined period of time-of relatively vast territorial entities called countries. Synonymous with these territorial entities is the ability to willfully, conduct internal affairs (subject to certain exemptions) without external influence. The extent to which this rule is successfully adhered to is a subject that can be well assessed under global politics, present even today. Another point of clarity is required as between global governance and international relations both of which are pertinent active factors in global politics. Global governance, which is merely a trendy term to explain the constant transformation in the international political system and international relations , which is also a euphemism for the nation's policy in dealing with others similar based on an unquestioned b ias in favor of that particular nation0002. Global governance recognizes other forms of social organizations and political decision-making do not arise from a state or directed to it. According to Klaus Dingwerth and Philipp Patberg, global governance differentiates from the traditional view on international relations in four ways: The crux of international relations is the politics as between nations without paying attention to other non-state actors. Global governance considers the impact and influence of non-governmental organizations, scientific actors, and trans-national companies. The term suggests that an analysis on international interactions is done separately from other levels of social interaction. Global governance assumes world politics as a multi-level system in which all local, regional/state, national/federal and global political processes are interlinked. That, international relations traditionally is associated with power play and role of advocacy networks as insti gators and sustainers of politics beyond the state. Global governance recognizes the existence and interactions between various forms of governance in which none is superior to the others. The focus of researchers into international relations is the authority and legitimization in the states desire to pursue self-interests. Global governanc