What are the implications of economic globalization on democracy? 🔊
Economic globalization has several implications for democracy, including better access to markets and increased interdependence among countries. It can empower citizens through improved communication and shared cultures but also poses challenges, such as corporate influence over politics and the dilution of democratic processes. As multinational corporations gain power, they may prioritize profit over the public good, raising concerns about regulatory capture and inequity. Balancing these global forces within a democratic framework is crucial to ensuring that governance remains accountable and responsive to citizen needs.
Equestions.com Team – Verified by subject-matter experts