Question

After the Seattle 1999 World Trade Organization Ministerial Conference fiasco, in the next 2 years, large anti-globalization demonstrations rocked the International Monetary Fund and World Bank in Washington. What was the anti-globalization movement goal- and was it right? Explain you answer and where appropriate use figures.

Answer 1

Antiglobalization basically means a political belief opposed to the emergence of a single world market dominated by multinational companies.

In the late twentieth century those they portrayed as "administering elites" tried to tackle the development of world business sectors for their own advantages; this blend of the Bretton Woods foundations, states, and worldwide organizations has been designated "globalization" or "globalization from above." In response, different social developments rose to challenge their impact; these developments have been classified "against globalization" or "globalization from below.

the goal of Antiglobalization movement was:

People opposing globalization believe that international agreements and global financial institutions, such as the International Monetary Fund (IMF) and the World Trade Organization, undermine local decision-making. Corporations that use these institutions to support their own corporate and financial interests, can exercise privileges that individuals and small businesses cannot, including the ability to:

• move freely across borders
• extract desired natural resources
• use a wide variety of human resources