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Structural Features of Globalization - Coursework Example

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The focus of this paper “Structural Features of Globalization” is on the argument that globalization through the IMF and the World Bank create the terms for greater inequality. The author tells about neoliberalism as a tool for market capitalism creating the polarity between 'owner' and 'worker'.
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Structural Features of Globalization
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As structural, it will be argued using a Marxian analysis that always where capitalism is, so to is the division of labor between those who own their own means of production and those who have to sell their labor in order to subsist. It is this structural feature that is at the very core of explaining why individuals are worse off as a consequence of globalization. Finally, this analysis will provide empirical evidence reflecting the consequences of these structural and systemic inequalities. Consideration will be paid to living conditions and the exploitation of labor as evidence of greater inequality and a worse situation under globalization.

     In the past decade, the process of globalization has become solidified as a central political agenda in the developed or Western world. That this phenomenon has to lead to the “polarization” between the “rich” and “poor” is substantiated in countless studies [Rapley, 2003: 87; Murshed, 2002: 2; Beck, 2000: 57; McGrew and Poku, 2007: 7]. It will be argued in the following analysis, that there is greater inequality precisely because of the structural conditions that have created globalization.

It will be argued that the neoliberal agenda, in theory, practice and influence are precisely what makes inequality an indisputable problem. Thus, inequality due to globalization is systemic in nature and measured in impact by an increased degree of polarization between the rich and poor. It will be argued that globalization increases inequality.     

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