COMMERCE AND CULTURE IN THE GLOBAL ECONOMY.

Carden, William A.

Increasing globalization in the form of greater international trade and immigration has both costs and "benefits. Market institutions and secure private property rights are conducive to higher economic growth, but some point out that higher growth must be weighed against alleged social instability and, perhaps, cultural degeneration. However, globalization may increase stability and cultural output, Polling data suggest that anti. trade, anti-migration views pose a political challenge to economic and cultural exchange. People are skeptical of the rapidity of change coming with globalization, which leads to backlashes that slow the process. Negative effects of globalization include increases in prostitution, for example, and perceived alienation from the global culture. There are tensions between economic change and cultural vibrancy. Nonetheless, greater international integration and accompanying economic growth increase cultural diversity.

GLOBALIZATION; INTERNATIONAL trade; EMIGRATION & immigration; ECONOMIC development; SOCIAL degeneration; MULTICULTURALISM; SEX work; INTERNATIONAL relations; INTERNATIONAL economic integration

Journal of Interdisciplinary Studies, 2008, Vol 20, Issue 1/2, p21

0890-0132

Academic Journal

10.5840/jis2008201/22