The contradictions of globalization: the threats to Public and private sectors development in the world After 2008

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Abstract

In this article an analysis of the contradictions of globalization with a particular emphasis on the period since the beginning of the global financial crisis in 2008 is presented. The authors reveal both positive and negative impacts of globalization. Threats to the development of public and private sectors alike are identified and questions are raised about the further necessity of privatization and market oriented reform. The authors debate about various public private relational models and their merits of social effectiveness. Relying on sociological research data the article discovers that for the majority of European populations a social-democratic model appears to be most acceptable based on peoples expectations and concepts of happiness. Nevertheless it is perilous to argue for a single model and claim its absolute suitability (for example – Scandinavian social model because of its economic costs). But it is evident that in some countries the free market and liberal democracy model does not function properly and even worse in some other cases. The article briefly overviews a range of examples revealing globalization influence in the worlds economic and political life. The authors also do not avoid broad generalizations about the character and the factors of globalization.
Original languageEnglish
Pages (from-to)53-64
JournalTiltai: socialiniai mokslai
Volume52
Issue number3
Publication statusPublished - 2010

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Keywords

  • Globalization
  • Public sector
  • Private sector

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