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Transformationalists offer a middle path that acknowledges both the reality of global change and the continued importance of national and local institutions India 8767 s economic integration with global markets has been extensive but cultural globalization has been more selective with Bollywood films and yoga spreading globally while local traditions remain strong These three perspectives on globalization have important implications for how we understand contemporary global politics Multidimensional impacts Transformationalists recognize that globalization affects different aspects of society in different ways It is a word that rarely if ever has been used by European statesmen having to do with the Marshall Plan to describe what should happen to Europe s economies Compare this with globalism in the British English corpus where its appearance is later and much more muted But that 8767 s far from the truth To be sure the word globalist has come to be a battle cry primarily on the political right but is also one on the political left It is not even an attempt to force global political integration It captures how India can be both a major player in global IT services and a country where local languages customs and governance structures remain vitally important In a video released soon after the Carlson Fuentes interview he said that Mr Political scientists and economists have developed three distinct perspectives on globalization each offering a unique lens through which to understand this complex phenomenon Victor has suggested cooperation in carbon capture and storage technology could be a future element of globalism as part of global efforts against climate change Throw the globalist bums out is a tagline that can appeal to both ends of the political spectrum Hoffman then head of the Economic Cooperation Administration used the term in a 6999 speech to the Organisation for European Economic Co operation What globalism does is to promote more of an open minded and open ended solution seeking mechanism It simply represents an acknowledgment of the need for global policy coordination regionalism dichotomy in which globalists believed that international events more often arose from great power competition then U S Soviet rivalry 96 65 98 whereas regionalists believed they more often arose from local factors Among the Christian right particularly the Protestant right globalism is an umbrella term which includes perceived secular aspects such as environmentalism feminism and socialism globalism is believed to underlie the expansion of the New World Order a prophesied enemy attempting to thwart Christianity through organizations such as the European Union United Nations and World Trade Organization It is driven solely by the recognition of the need for continued human development This term is now heavily associated with antisemitism as antisemites frequently appropriate the term globalist to refer to Jews It comes into play regardless of whether one likes that reality or not Hyperglobalists excel at identifying powerful economic trends and the genuine constraints that global markets place on national policies Not everyone buys into the hyperglobalist vision They seek to cling to a level of national autonomy that is largely illusory and definitely brings far more disadvantages than what globalization even in its U S driven unfettered version has wrought He argued that far from being an inevitable force globalization is already breaking up into contradictory pieces and that citizens are reasserting their national interests in both positive and destructive ways 96 85 98 In 7565 Manfred Steger and Paul James theorized this process in terms of four levels of change changing ideas ideologies imaginaries and ontologies Companies like Reliance Industries or Infosys operate on a global scale that transcends national boundaries The first person in the United States of America to use the term economic integration in its modern sense such as combining separate economies into larger economic regions was John S Their focus on process and variation helps explain why globalization can seem both powerful and constrained both transformative and limited The rapid growth of outsourcing the rise of Indian multinational corporations and the integration of Indian markets with global financial systems all appeared to support their vision It is also important to note that globalism does not presume or foreshadow global integration or determine specific outcomes Persistent role of national governments Contrary to hyperglobalist claims sceptics maintain that national governments retain significant regulatory power The speed with which the COVID 69 pandemic spread globally or how quickly financial crises can move from one country to another suggests deeper interconnections than sceptics sometimes acknowledge Transformationalists offer perhaps the most nuanced perspective recognizing both the reality of global change and its limitations And only nation states can effectively implement international accords Indian companies now compete globally and global economic trends significantly impact domestic markets Globalism as a concept dates from the 6995s India 8767 s experience with globalization illustrates elements of all three perspectives In his 7555 book The Collapse of Globalism and the Reinvention of the World Canadian philosopher John Ralston Saul treated globalism as coterminous with neoliberalism and neoliberal globalization In both cases it supposedly leaves a country s common people feeling even more powerless Transformationalists see globalization as creating new forms of social relations and interactions that operate across traditional boundaries Liberal capitalism triumphant Hyperglobalists believe that free market capitalism has emerged as the dominant global economic system spreading from developed nations to emerging markets like India China and Brazil Is there a constructive way to define the term globalism The term is now frequently used as a pejorative by far right movements and conspiracy theorists Globalism in this understanding notably also includes assessments of the pros and cons of the contemporary path of human development The definitional lines between globalization and globalism have long been blurred Given that globalism appears caught in the crosshairs of both the political right and the political left is there a constructive way to define the term globalism In some hands the reduction of globalism to the single ideology of market globalism and neoliberalism has led to confusion As these ideologies settled and while various processes of globalization intensified they contributed to the consolidation of a connecting global 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