Intenational Essay Example | Topics and Well Written Essays - 3000 words

Intenational - Essay Example Spain, France, and Holland launched various expeditions in order to establish colonies in the underdeveloped areas of the world, particularly in Asia, Africa, and South America. Despite the differences in methods, the objectives related to the launching of international and colonial trade in those times are not absolutely distinct to today’s globalisation. Globalisation in modern times is being pursued with the premise that former relationship of colonizers and colonies is no longer dominant. It is founded on the concept that the world is now made up mostly of independent countries that have sovereignty in managing their respective domestic economies and also have the capability of joining international trade. Free trade is the main objective of globalisation. It aims to make the entire world an open and free market, where people can easily avail of commodities coming from other countries. It allows businesses to expand beyond their countries of origin, thereby exporting not just goods but also capital. However, in doing so, it also seeks the removal of major barriers that each country may have established to deter the influx of too much imported goods as a result of unconstrained foreign trade. Consequently, this has an adverse effect on the sustainability of small local firms in any particular economy. The arrival of huge volumes of imports would lead into a competition strong enough to force their demise. This is the reason why debates on the nature of globalisation continue to be waged and international trade organisations and treaties are relentlessly being attacked by sectors that are most affected by its negative effects. This is also the basis why governments must not absolutely subject their economies to unconstrained foreign trade but instead legislate and enforce policies that would protect the small local firms. Apologists for unrestrained capitalism have always extolled the salient features of globalisation. Capitalism is an economic