The development of markets, the growth of economic activity, and the extent to which growing prosperity is experienced by populations as a whole has been significantly influenced by public policies. Economists like Amartya Sen believe that 'public action that can radically change the outcome of local and global economic relations'. According to Sen,: "The central issue of contention is not globalization itself, nor is it the use of the market as an institution, but the inequity in the overall balance of institutional arrangements--which produces very unequal sharing of the benefits of globalization. The question is not just whether the poor, too, gain something from globalization, but whether they get a fair share and a fair opportunity." (Sen 2002).

             Strong markets require state and transnational intervention. To be sustained, they also need stable social relationships and an environment of trust. Moreover, they can be organized so that people in different societies can benefit. .

             B. Major drives of globalization and give three examples of each.

             Economic globalization is often seen as democratizing, beneficial, and unstoppable (Smith and Smith, 2002). Globalization is driven by a global economy built through the extension of capitalism through information technologies, especially the Internet, email and text devices, and teleconferencing. The world is now a place where all types of cultures interconnect and conflict. .

             Economists, such as Friedman, also believe that countries that have opened themselves to free-market capitalism will not likely go to war with one another. This is because globalization is driven by consequences. Globalized nation-states have to consider the economic costs of conflict. For example, China could not attack Taiwan without hurting its own economy. In addition, companies are in turn driven to stay competitive, so they will not be able to overcharge for goods and services.