Globalization has brought about significant positive and negative consequences for the human security including military, ecological, economic, cultural and psychological security. This article argues that the negative consequences mainly arise from the neo-liberal interpretations and accounts of the phenomenon rather than from the nature of globalization process. Globalization on the one hand, has resulted in the reduction of wars and military hostilities, increased material advancements, heightened relative welfare and employment, and the growth of diverse convergences, and on the other has caused the proliferation of destructive military technology, growing depletion of the environment, financial instability, cultural degeneration, and diluted social cohesion. In other words, as a result of the process in question, there has been an increase in the non-state supervision over and ensuring the protection of the environment, but the globalized economic mechanisms are highly polluting the environment. As the world capitalism has contributed to the more rapid improvement of welfare in the industrialized countries, but just a few countries enjoy a condition like that of the said countries, and world trade regimes have inflicted much harm on the poor countries. On the other side, worldwide companies and industries have created millions of job opportunities, but the mass transfer of workforce has led to the loss of jobs and fear of occupational insecurity. Therefore, it can be overall suggested that the neo-liberal and new right versions of the globalization phenomenon have affected its security-building aspects and have exacerbated the insecurities stemming from this process.
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