Examine why economic globalisation is controversial. (12 marks)

One major controversy regarding economic globalisation is that it results in the perpetuation of economic inequalities between states due to the need for developing states to enter the global free market. This often exposes emerging domestic industries in developing states to markets in which they cannot be competitive, thereby forcing them to turn to less profitable industries in order to be able to compete, thereby creating a dependency culture as outlined in the world systems theory.Economic globalisation also enforces the acceptance of the neoliberal economic model which is primarily supported by Western countries. This allows for the accusation that economic globalisation acts as a neocolonial force, by which developing countries remain subject to the will of Western nations, thereby limiting their autonomy. This is further enforced by the role of institutions such as the IMF and the WTO, products of economic globalisation, which stand to further enforce neoliberal economics on all states.