A powerful trend toward global democratization, or at least political liberation, seems to be continuing in much of the Third World. A concomitant trend toward a market economy, which some analysts see as a necessary prerequisite for stable democracy, also seems to be continuing, if largely because of the failure of closed economic strategies and the pressures of international financial institutions. Moreover, as we are reminded almost every day, the Western world seems to have definitively won the Cold War. In the process of 'the end of the Cold War', we understand of the global context of human affairs and how it may be possible to construct more appropriate forms of security and less exploitative forms of development. And global democratization is a way of generating new political identities and demands for more effective democratic paticipation in the process that affect people's lives as a Pax Globanica. The purpose of this paper is reconsider 'socialism'and democracy in the Third World by the global context with Samir Amin's perspective. In addition, there are analyses how peoples of the Third World constitute themselves as collective political subjects through their participation in social movements. For example, how emerging global structures are generating new political identities and a growing perception of the need for increased intergration and cooperation at the global level. Finally, one needs also to be more precise about the meanings that we ascribe to democracy in the Third World context and the results that we believe it is likely to produce.