STUDY MATERIALS

Globalisation – An Overall Review

The term globalisation was coined by Theodore Levitt, the eminent economist in early 1960. Through the global interconnectedness among worldwide range, the globalisation has been appeared .It is commonly described process of interaction and integration among the countries, people, society, government .This process is primarily driven by international trade and investment. It affects everything from environment to human wellbeing through the economic development and prosperity of its citizen.

Impact on society

We open our laptop and call our friends in Australia ,do order dresses from London and do apply for jobs in Switzerland .This interconnection through the web is example of Globalisation, which itself is a complex relationships that connects to various cultures ,countries ,people and companies through advanced trading opportunities , investment ideas ,and technological capabilities. From virtual connection to affordable goods globalisation has been beneficial to so many aspects .It has assisted in increasing trade opportunities by decreasing the cost of goods and services. It has also led to greater cultural understanding as it allows us to learn about other cultures and develop a wider cultural understandings through the internet .It also create flexible labour market along with better communication .As it already enhanced technology ,one can work across the world with relative ease. As a result the labour market is significantly more flexible than the pre globalisation period .It enhanced international economic participation .Bringing together a flexible labour market, advanced communicating system, more countries now participate in the international market. Because of the many benefits of globalisation , more economy can grow and develop through participation through international market .even countries who have few natural source can participate in technology development and manufacturing as companies continue to outsource labour , globalisation give more opportunities to the countries who may not have been able to enter the international market on their own.

Impact on politics

During the past millennium the global architecture has changed greatly from a state of low degree cohesion and a simple structure to a fairly high level of unity and strong structure of today. Moreover, this development of the global political order was not a simple change in the system of social relation, but also a directed search for such forms organisation that will be acceptable for a growing population. Traditionally politics has been undertaken within national politics and government have been ultimately responsible for safety, security, economic welfare of citizen. Also government has to look after towards the protection of human rights and the environment within it .Under globalisation politics can take place above the state through political integration scheme named European union and through intergovernmental organisation as The International Monetary Fund ,The World Bank ,and The world trade organisation .Not only that political activity can also transcend national borders through global movements and NGOs .Civil society organisation act globally by forming alliance with the global communication system and lobbying international organisation and others actors directly ,instead of working through their national governments.

Impact on judiciary

Globalisation touches spreads the legal developments and debates about the issues of every corner of world .The development of laws and concepts of Human Rights, competition law, Intellectual property laws, Cyber laws, Media laws etc. in recent times have affected and taken into shape due to globalisation.. The provision of law is enacted in a country but followed across the world without boundaries as the globalisation has linked the economics of nation beyond the territorial or geographical connection .Let’s see how Globalisation has impacted on justice system and judicial administration.

  1. Competition law

During economic liberalisation India responded positively by opening up its economy and due to this Indian market has to face competition at inter country and intra country level. As dire consequences of it competition act ,2002 was passed to dispense justice in commercial matters .The history of commercial law dates back to 1960s when the first competition law ,Monopolies and Restrictive Trade practices act was enacted 1969. The competition commission of India is a quasi judicial body enforces the provision of competition act.

  1. Law relating to human rights

The development of human rights all over the world can provide a great insight into how globalisation has impacted on global justice system as well as the establishment of various conventions and conferences globally to curb human rights violation and to improve the condition of human life and dignity around the world.

In conclusion it would be right to say that the process of globalisation and its benefits remain as priority in international society.

References

  • https://www.globalpolicy.org/globalization/globalization-of-politics.html
  • https://www.economicsonline.co.uk/Global_economics/Globalisation_introduction.ht ml
  • https://www.lawteacher.net/free-law-essays/business-law/impact-of-globalisation.php
  • https://www.economicsonline.co.uk/Global_economics/Globalisation_introduction.ht ml
  • https://www.ukessays.com/collections/globalisation.php

Author – Sayani Roy

Student, Haldia Law College ,WB

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