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References

  1. gulbaaT rcxilaZe, aSS sagareo politikis safuZvlebi amerikeli da da evropeli avtorebis mixedviT, Tb., 2008

  2. Chalmers Johnson: The Sorrows of Empire. Militarism, Secrecy, and the End of the Republic. By Metropolitan Books, New York 2003.

Vadja Shubitidze, Gia Talakhadze
Globalization – as Impeding Instrument of Developing Countries
Summary
Globalization did not rise or strengthen common welfare in neither of the separate countries of third world.
Nowadays existing 25 high developed capitalistic countries have not achieved success as it was preached by globalization. All of them used economical protectionism for it. The countries which zealously realized the theses of globalization, including Georgia had hard and often destruction results. Big countries even today inculcate the population of poor countries that open markets and free trade mean welfare for all, which is incorrect in the basis and it support translational companies.
USA use financial organizations which are under its control as an instrument to economically subordinate third world countries – such as World Bank and international currency fund, which factually rob developed countries and weaken their sovereignty. The number of such countries exceeds 90. Herewith these countries will receive credit only in that case, If they comply demeaning and destruction, Recommendations” of World Bank and currency fund (ch. Johnson).
For the same purpose US used world trade organization that was established in 1995, its creation did not reduced poverty in world but accelerate it. International financial organizations demand trade ,,liberalization” from third world countries, which means that foreigners can participate in local economy without any drawback. Also country that will take credit must reduce expenditures of medical care, education and social programs, in order that sum of money used for existing debt service of foreign Banks. After that it will begin to cease subsidy for local agriculture and in contrary ro rise subsidies and support for agricultures that produce flowers and fruit, currency fund is demanding to abolish control on capital in the scale of whole country and foreign investors and enterprisers give right to purchase existing communal enterprises, tele-communications, transport companies and row materials producing enterprises, which are under state property. The most important demand of all is that if developing country wants to take credit from world bank, it have to guarantee the convertibility of its own currency. Such programs weaken some countries, which often have economical crisis. The most prominent victim of world Bank and currency fund become Argentina, that was rich and developed country at one time and which amass record debts – 160 milliard dollar.
This example of Argentina must become the serious caution for Georgia, about how hard results it can bring to do as others want, to open borders, free trade, to sell all strategic subjects to others, not carry out economical protectionism and not help Georgian business.
Keywords: Globalism, third world, open markets, free trade, economical protectionism, World Bank, international currency fund, privatization, subvention, cleptocration, economical crysis, inflation, neo-liberalism

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