Political and economic power of global organisations

Level: Undergraduate | Grade: First | Approx. Word Count: 1,500

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Overview

The period following the end of World War II has witnessed a significant increase in the numbers of global organisations and other institutions that have had an increasing influence on national states, particularly within the recent phase of globalisation. This essay examines this growth of global power and the criticisms that have been levelled at the efficacy and fairness with which these organisations have exerted their respective powers.

Globalisation has seen an increasing need for nation states to participate in the international political and economic markets. However, to address the issues and conflicts related to global security and international trade it has been argued that this process has also resulted in the devolution of power from nation states to global organisations and other institutions. The literature confirms that there has been increasing criticism attached to the development of these organisations, which has a) questioned the justice and fairness of the pursuit of their goals, and b) raised concerns over the extent to which they have diluted the power of nation states