Term Paper: Globalization And Political Instability

Globalization and Political InstabilityName:Institutional affiliationGlobalization and Political InstabilityIntroductionGlobalization dates back beyond 200BC when the Roman Empire. The term refers to the adjustments to the economic, cultural and political life as the result of influence from foreign powers. The rate of globalization has been boosted in the 21st century by the improved transport system, communication, and computer technology. A company may have its headquarters in the USA, import expatriates from India, produce in Taiwan and sell to consumers around the globe. The World Trade Organization (WTO) is an arm of the United Nations created to remove international trade barriers. Among the barriers identified by WTO are democratic processes, labor and human rights, environmental issues, local culture, national sovereignty and consumers’ rights. An effort to eliminate the barriers has led to political unrest, mistrust, and global insecurity. The opium warsThe opium war is a classic example of negative impacts of globalization. In 1839, England declared war on China for denying its drugs access to the country. The Qing Dynasty, created in 1644 by the Manchurians practiced an isolated economic system, refusing access to foreign traders with the exception of the city