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26 / 07 / 2004
David Held: Globalization does not mean the end of states but rather new forms of power

David Held, professor of political science at the London School of Economics pointed out that the globalization of communication is not the same as the globalization of culture. Emilio Ontiveros, professor of economics at the Universidad Autónoma de Madrid spoke about the need for watchdogs that can prevent economic crises and impede their propagation.

David Held, professor of political science at the London School of Economic (LSE) assured at the Dialogue “Globalization, Identity and Diversity" that, "globalization does not mean the end of states but rather new forms of power:" In his speech he said that the era of globalization does not “reduce politicians' power but simply complicates their tasks."

In his speech “Globalization: an empirical evaluation and an analytic interpretation," Held referred to the fact that historically man has been traveling, migrating and that process only stopped after the World Wars and has now started up again. According to the professor, in the last decade we have experienced the greatest expansion of cultures and ideas. He clarified, however, that the globalization of communications does not mean the globalization of culture.

He believes that the current era of globalization is characterized by "the appearance of a territorial policy, leadership that combines the local with the global, the deterritorilization of decision making, the development of international law, the appearance of new labor relations and the transnationalization of politics.

These characteristics are in "a context directed by the market and dominated by Neo-liberal ideology ,“ he pointed out and concluded by saying that “global problems should be solved globally, not unilaterally."

Emilio Ontiveros, economics professor at the Universidad Autónoma de Madrid, while speaking at the Dialogue "Globalization, Identity and Diversity" pointed out that the process of globalization "has gone well for some countries and not well for others while the world is a much more vulnerable place than it was thirty years ago. This vulnerability is due to frequent crises, there are more kinds of crises and the stage for these crises are developing counties. "

He pointed out an essential characteristic of this stage, “the facility of propagating the crisis, as a result of the development of information and communication development.” He insisted on the coexistence between watchdogs that warn of the crisis and avoid its propagation, that is to say, mechanisms for crisis management."

In his speech "Financial Globalization: Myth and Reality" Ontiveros made it clear that, “although there no borders and monetary integration reigns, we shouldn't pressure countries to free their financial market, mechanisms should be created that assure equality and institutions should try to extend their benefits."