‘Humpty Dumpty had a Great Fall’: Would globalization impact on the dissolution of states?

SUMMARY

It is argued in this paper that contemporary globalization is not truly a laissez-faire utopia because of the underlying political specifics in the First as well as the Third World. Rather, most of the benefits of globalization accrue to the First World because of the North's policy to resist laissez-faire movement of goods and people into its domain, and because of opposition to the dictates of the Washington Consensus in the Third World. The First World shows a reluctance to apply identical standards of laissez-faire to its borders and imports and tries, though not always with success, to impose on the Third World's legal structures. However, the concept of the state has yet to be dismantled by the process of globalization. The imperatives of globalization require the continuity of the system of separate states to maintain an unequal North-South dialogue.

Key words:

• Globalization
• trade
• First World
• Third World