ABSTRACT

Globalization, Ideology, and the Clash of Societies Globalization entails a networked global economy based on the unrestricted flow of information, ideas, cultural values, financial instruments, trade, and commerce among nations throughout the world. Fundamental to the globalization of a world economy is the establishment of new international rules, treaties, and institutions such as the International Monetary Fund and the World Trade Organization. The impact of the movement of globalization has been the potential trade-off or loss of certain domestic and sovereign prerogatives, in favor of more of an international set of requirements and rules. Globalization has been sold to nations throughout the world as able to more effectively create a world economy that will benefit all participating nations by improving their economic structures and strengthening their political stability.