Professional Documents
Culture Documents
Introduction
discovered and which was reinforced and get its whole magnitude with industrialization. One of
these dimensions is the economical one which, been strongly related to social, cultural and
society.
But how the economical expression of Globalization, it means the capitalist Global Economy
through free trade, does impact in world welfare (1) and local communities (2)? What kind of
Body
(1)
Global economy -as we know and experience it - has enable capital accumulation and progress at
unimaginable levels for our predecessors (Keynes). We have seen increase national incomes and
access to goods and services, but in the other hand global economy has stimulated over-
consumption of resources by the developed countries, enforced global inequalities and it is driving
(2)
Under global capitalism, production is lead by global enterprises seeking maximize profits the
most of the times as expenses of labor force, communities and environment. These large scale
organizations are possible because free trade. They can operate without concerns about the
ecosystem because there are few or none regulations on these matters, they can outsource
production and they can sell everywhere at low prices which local industry is unable to get.
(3)
To address the challenges of our contemporary society, we should move from standardized
policies and institutions to adapt them and reconsider creatively the cultural differences among
regions, countries and communities. We should focus in alternative economical systems based on
Micro, Small and Medium enterprises are the most important contributors to overall employment.
In addition to micro and SME, there are organizations from social economy as cooperatives and
associations of producers, all of them are local embedded. Finally, short food chains, transition
cities, circular economy are civil initiative sometimes governmental promoted leading an
alternative economical system which deal with social and environmental sustainability at short
Conclusion
To sum up, the essence of globalization is standardizing policies and institutions politically, and
our society has experienced incredible material progress, but inequality and environmental
hazards. To reach a socially and environmentally sustainable economical development, we should
move forward standardization and promotion of global enterprises as motor of progress, and we
should go from a global to a local paradigm. Local economic development is focused on welfare of
a specific community which is impacting on its own lifestyle and future, it is concern about
ecosystem equilibrium in a short and long term and it is not just about profits and capital
accumulation but employment and life standards. There are several initiatives, most of them
arising from civil communities organized, which should spread wider and deeper to create more
References