Does Globalization Endanger the Social Market Economy?

Abstract

Globalization is a real threat for the social market economy and globalization
does not protect weak, ill and helpless people. Multinational corporations
acknowledge only one criterion, i.e. profit. To illustrate the situation the
author presents a short characteristic of international economic co-operation.
He asks the following questions: What was the aim of deregulation of the
economic markets? What chaos was caused by that deregulation? How can
these negative tendencies be reversed?
In conclusion the author speaks about the negative influence of globalization
on the social market economy. He also describes the features of
three attitudes towards globalization, i.e. a radical one, a neoliberal one and
a reformist one. Globalization in its present version is spontaneous and will
have to be “civilized” in the forthcoming decade.