International Relationship Question:
List the impacts of economic globalization on human rights?
Answer:
★ Non-state actors violate human rights.
★ It has brought further challenges to the democratic deficiency in global governance.
★ When multinational companies such as the World Bank and the IMF set national economic and social policies, the local decision-making and democratic participation are weakened.
★ Due to structural adjustment policies the unrestricted market forces endanger economic, social, and cultural rights such as the right to health, as they reduce the public expenditures.
★ Increase in unemployment, poverty, and the marginalization of vulnerable groups due to the increase of power and wealth in the hands of foreign multinational companies
★ It has brought further challenges to the democratic deficiency in global governance.
★ When multinational companies such as the World Bank and the IMF set national economic and social policies, the local decision-making and democratic participation are weakened.
★ Due to structural adjustment policies the unrestricted market forces endanger economic, social, and cultural rights such as the right to health, as they reduce the public expenditures.
★ Increase in unemployment, poverty, and the marginalization of vulnerable groups due to the increase of power and wealth in the hands of foreign multinational companies
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