Cam
Hainey
Professor
Shirk
International
Politics
November
5th, 2017
Why
It’s Hard For Embedded Liberalism Could Occur
In “The Principles of Embedded
Liberalism: Social Legitimacy and Global Capitalism” by Abdelal and Ruggie they
argue that new regulatory bodies are needed, there needs to be international
agreements and governments need to be more interventionists. I believe that
their ideas that globalization has done a lot of good for people but ultimately
needs to be regulated is a good idea. I believe that more good could come from
that than negatives. However I don’t think that could ever happen and here’s
why. First off, there are too many moving parts; such as every country needs to
be on board with the regulations that are made and as we have seen it isn’t
easy to get every country to agree with every aspect of worldwide regulations. Abdela and Ruggie’s idea that cooperation will
be essential for this new era of globalization is great, and they are right,
cooperation will be essential and it’s the only way that something like this
will happen. However they say the United States isn’t in a position to force its
emergence, I think that this is apart of the problem of too many moving parts.
For this idea to work and cooperation to happen, I think that a powerful state
like the United States need to force other countries to agree with what they
are supporting. You can’t create a new era of globalization regulations without
the support and backing of superpower states. These states can help bring
states together which helps to reduce the number of “moving parts” which make
it easier to get something like this to happen.
Second, this idea of getting every
country to agree with the same regulations assumes that every country apart of
this committee is a rational thinking, non-corrupt country. If every country is
rational thinking and can see the big picture and agrees to these regulations,
then Abdela and Ruggie’s idea would be great and could work today. However,
there are countries that are corrupt and have outside influences to the
decisions that they make. In addition to that, there are countries who are
going to be self motivated, they want to do what is best for their state and
sometimes seeing the big picture and committing to that is much harder to
accomplish because of that.
Third, big business influences
governments greatly, in any government, the elected officials need the support
from some big businesses to get the financial support to help them get elected.
If governments begin to go against what the big business want then they will
begin to lose financial support and could have trouble being re-elected, the
areas which they represent could lose out if the businesses begin to make
layoffs or leave the area. Resulting in the members of these areas to be
against the government or that particular individual. Or big business could
begin to support someone new who supports them and will do what they want when
it comes to helping them continue to make money.
Ultimately I think that creating new
regulations and creating a new era of globalization would be a great idea, the
benefits would be worldwide and could help millions and could solve many
problems. However ultimately like I have said, I just have a hard time
believing that something like this could happen because big business has too
much power and control in state governments.
I agree with the statement Cam makes about needing new regulations and big business having too much power. Many countries are corrupt and the current system, where everyone gets a vote, can be problematic because of those countries' corruption. It can hinder the progress of globalization and trade. It would make it more difficult for countries to unite but also for them to communicate and create a completely globalized world.
ReplyDeleteI agree with Cam when he states that new regulatory bodies are needed. Yes, big business is a big problem within the United States and many other countries, but it is hard to create worldwide regulations for these businesses. A major problem is that the countries around the world that have these international businesses would have to all agree on a set of regulations for the businesses. A new era of globalization is definitely needed, but this may not occur for a very long time.
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