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Challenges to GlobalizationAnalyzing the Economics$
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Robert E. Baldwin and L. Winters

Print publication date: 2004

Print ISBN-13: 9780226036151

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226036557.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 18 May 2021

Globalization and Democracy

Globalization and Democracy

(p.63) 2 Globalization and Democracy
Challenges to Globalization

Carl B. Hamilton

University of Chicago Press

This chapter, which considers directly the charge that globalization undermines democracy, finds a superficial plausibility to the view, but argues that, in general, it does not stand up to scrutiny. In particular, it reports survey results suggesting considerable support for globalization among the peoples of the world, although certain countries (e.g., France, Australia, Turkey, and Argentina) buck the trend, which is possibly, in the latter pair, a reflection of their recent financial crises. The second part of chapter argues that democracy has both an intrinsic and an instrumental value, and that the World Bank, which is now heavily focused on issues of governance, should be less coy about promoting it directly. It further argues that openness and globalization are positively associated with democracy—either promoting it or resulting from it—and this leads to the conclusion that concerns about the democratic consequences of globalization are exaggerated. A commentary is also included at the end of the chapter.

Keywords:   globalization, democracy, World Bank, openness

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