A study of the development of postwar global capitalism focuses on the American state to argue that its distinctiveness lies in an ability to distinguish its own capital interest and restructure other states to spread resilient capitalist social relations, examining recent economic crises and internal conflicts that are giving rise to new movements.
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This collection of essays outlines a new political economy. Twenty years after the demise of Soviet communism, the global recession into which free-market capitalism has plunged the world economy provides a unique opportunity to chart an alternative path. Both the left-wing adulation of centralized statism and the right-wing fetishization of market liberalism are part of a secular logic that is collapsing under the weight of its own inner contradictions. It is surely no coincidence that the crisis of global capitalism occurs at the same time as the crisis of secular modernity. Building on the tradition of Catholic social teaching since the groundbreaking encyclical Rerum Novarum (1891), Pope Benedict XVI's Caritas in Veritate is the most radical intervention in contemporary debates on the future of economics, politics, and society. Benedict outlines a Catholic "third way" that combines strict limits on state and market power with a civil economy centered on mutualist businesses, cooperatives, credit unions, and other reciprocal arrangements. His call for a civil economy also represents a radical "middle" position between an exclusively religious and a strictly secular perspective. Thus, Benedict's vision for an alternative political economy resonates with people of all faiths and none.
Sure to stir controversy and debate, A Theory of Global Capitalism will be of interest to sociologists and economists alike.
- Author : Larry J. Eriksson
- Publisher : Unknown
- Release Date : 2002
- Genre : Capitalism
- Pages : 212
- ISBN : 0972187502
This study posits that one of the central goals of invading Iraq was to integrate the country into the global economy. The radical neoliberal policies and the light-speed at which the occupation administration implemented these policies are evidence of the centrality of this goal to U.S. objectives. The American occupation of Iraq built a neoliberal state whose aim was its full integration within transnational circuits of capital accumulation. This inverted the state-capitalist class relations by subordinating the Iraqi state to the interests of the transnational capitalist class and the emerging local faction of that class.
This ambitious volume chronicles and analyzes from a critical globalization perspective the social, economic, and political changes sweeping across Latin America from the 1970s through the present day. Sociologist William I. Robinson summarizes his theory of globalization and discusses how Latin America’s political economy has changed as the states integrate into the new global production and financial system, focusing specifically on the rise of nontraditional agricultural exports, the explosion of maquiladoras, transnational tourism, and the export of labor and the import of remittances. He follows with an overview of the clash among global capitalist forces, neoliberalism, and the new left in Latin America, looking closely at the challenges and dilemmas resistance movements face and their prospects for success. Through three case studies—the struggles of the region's indigenous peoples, the immigrants rights movement in the United States, and the Bolivarian Revolution in Venezuela—Robinson documents and explains the causes of regional socio-political tensions, provides a theoretical framework for understanding the present turbulence, and suggests possible outcomes to the conflicts. Based on years of fieldwork and empirical research, this study elucidates the tensions that globalization has created and shows why Latin America is a battleground for those seeking to shape the twenty-first century’s world order.
For most of the twentieth century tin was fundamental for both warfare and welfare. The importance of tin is most powerfully represented by the tin can - an invention which created a revolution in food preservation and helped feed both the armies of the great powers and the masses of the new urban society. The trouble with tin was that economically viable deposits of the metal could only be found in a few regions of the world, predominantly in the southern hemisphere, while the main centers of consumption were in the industrialized north. The tin trade was therefore a highly politically charged economy in which states and private enterprise competed and cooperated to assert control over deposits, smelters and markets. Tin provides a particularly telling illustration of how the interactions of business and governments shape the evolution of the global economic trade; the tin industry has experienced extensive state intervention during times of war, encompasses intense competition and cartelization, and has seen industry centers both thrive and fail in the wake of decolonization. The history of the international tin industry reveals the complex interactions and interdependencies between local actors and international networks, decolonization and globalization, as well as government foreign policies and entrepreneurial tactics. By highlighting the global struggles for control and the constantly shifting economic, geographical and political constellations within one specific industry, this collection of essays brings the state back into business history, and the firm into the history of international relations.
This volume explains China's economic rise and liberalization and assesses how this growth is reshaping the structure and dynamics of global capitalism in the twenty-first century. China has historically been the center of Asian trade, economic, and financial networks, and its global influence continues to expand in the twenty-first century. In exploring the causes for and effects of China's re surging power, this volume takes a broad, long-term view that reaches well beyond economics for answers. Contributors explore the vast web of complex issues raised by China's ascendancy. The first three chapters discuss the global and historical origins of China's shift to a market economy and that transformation's impact on the international market system. Subsequent essays explore the ability of large Chinese manufacturers to counter the might of transnational retailers, the effect of China's rise on world income distribution and labor, and the consequences of a stronger China for its two most powerful neighbors, Russia and Japan. The concluding chapter questions whether China's growth is sustainable and if it will ultimately shift the center of global capitalism from the West to the East.
Fiscal crises have cascaded across much of the developing world with devastating results, from Mexico to Indonesia, Russia and Argentina. The extreme volatility in contemporary political economic fortunes seems to mock our best efforts to understand the forces that drive development in the world economy. David Harvey is the single most important geographer writing today and a leading social theorist of our age, offering a comprehensive critique of contemporary capitalism. In this fascinating book, he shows the way forward for just such an understanding, enlarging upon the key themes in his recent work: the development of neoliberalism, the spread of inequalities across the globe, and 'space' as a key theoretical concept. Both a major declaration of a new research programme and a concise introduction to David Harvey's central concerns, this book will be essential reading for scholars and students across the humanities and social sciences.
- Author : Andreas Müller
- Publisher : Nova Science Pub Incorporated
- Release Date : 2000
- Genre : Religion
- Pages : 332
- ISBN : STANFORD:36105028555550
At a time of the profound crisis of the world capitalist system a group of social scientists and theologians takes up anew the issue of liberation theology. Having arisen out of the struggle of the poor Churches in the world's South, its pros and cons dominated the discourse of the Churches throughout much of the 1970s and 1980s. Then dependency theory was considered to be the analytical tool at the basis of liberation theology. But the world economy -- since the Fall of the Berlin Wall -- has dramatically changed to become a truly globalized capitalist system in the 1990s. Even in their wildest imaginations, social scientists from the dependency tradition and theologians alike would not have predicted for example the elementary force of the Asian and the Russian crisis of today. The Walls have gone, but poverty and social polarization spread to the center countries. After having initially rejected Marxist ideology in many of the liberation theology documents, the Vatican and many other Christian Church institutions moved forward in the 1980s 1990s to strongly declare their "preferential option for the poor." Now, the authors of this book, among them Samir Amin, one of the founders of the world system approach, take up the issues of this preferential option anew and arrive at an ecumenical vision of the dialogue between theology and world system theory at the turn of the new millenium.
The unconcealed imperial face that the United States is now prepared to show to the world above all pertains to the increasing difficulties of managing a truly global informal empire. How to refashion all the states of the world so that they become at least minimally adequate for the administration of global order is now the central problem for the American state.
This book discusses the nature of the new global capitalism, the rise of a globalized production and financial system, a transnational capitalist class, and a transnational state and warns of the rise of a global police state to contain the explosive contradictions of a global capitalist system that is crisis-ridden and out of control.
This Tract Deals With The Relationship Between The Indian Economy, And The Global Economy Now Substantially Under Capitalist Control. The Global Economy Has Been Undergoing Some Major Changes From The 1980S, And Since The Introduction Of The Reform Measures In July 1991, Indian Economy Is Being Increasingly Linked To It. This Linking Is Frequently Referred To As Liberalisation And The Globalisation Of The Indian Economy. It Is The Nature And Implications Of That Connection That Is Critically Examined In This Tract.
Spaces of Work is an accessible examination of the role of labour in the modern world. The authors critically assess the present condition and future prospects for workers through the geographies of place, space and scale, and in conjunction with other more commonly studied components of the globalisation such as production, trade and finance. Each chapter presents examples of labour practice from around the world, and across multiple sectors of work, not just Western manufacturing. In addition, the book features: · further reading section with key questions · glossary of key terms · short summaries of the main theoretical approaches · guide to further learning resouces Spaces of Work is a key book for all social scientists interested in the contemporary state of labour, and the scope for progressive change within the capitalist system. Students of human geography, sociology, international political economy, economics and cultural studies will all find this an invaluable text.
Following the hidden lives of the global “1%”, this book examines the networks, social practices, marriages, and machinations of the elite in Pakistan. In doing so, it reveals the daily, even mundane, ways in which elites contribute to and shape the inequality that characterizes the modern world. Operating in a rapidly developing economic environment, the experience of Pakistan’s wealthiest and most powerful members contradicts widely held assumptions that economic growth is leading to increasingly impersonalized and globally standardized economic and political structures.
- Author : George Soros
- Publisher : PublicAffairs
- Release Date : 2000-11-10
- Genre : Business & Economics
- Pages : 400
- ISBN : 1586480197
George Soros's The Crisis of Global Capitalism became an international bestseller and an instant classic; a must read for anyone concerned with the complex market forces that rule our global economy and create both prosperity and instability. Now, in Open Society, Soros takes a new and provocative look at the arguments he made in that book, incorporating the latest global economic and political developments into his analysis. He shows how our economic and political arrangements are out of sync. Recognizing that our existing institutions are under the sway of sovereign states, he proposes an "open society alliance" with the dual purpose of fostering open societies in individual countries and laying the groundwork for a global open society. In leading up to his inspiring vision, Soros presents an iconoclastic view of the world that has guided him both in making money and spending it on his network of Open Society Foundations. This book sums up the life's work of an exceptional individual. George Soros is the best fund manager in history, a stateless statesman, and an original thinker.
Global capital markets have undergone fundamental transformations in recent years and, as a result, have become extraordinarily complex and opaque. Trading space is no longer measured in minutes or seconds but in time units beyond human perception: milliseconds, microseconds, and even nanoseconds. Technological advances have thus scaled up imperceptible and previously irrelevant time differences into operationally manageable and enormously profitable business opportunities for those with the proper high-tech trading tools. These tools include the fastest private communication and trading lines, the most powerful computers and sophisticated algorithms capable of speedily analysing incoming news and trading data and determining optimal trading strategies in microseconds, as well as the possession of gigantic collections of historic and real-time market data. Fragmented capital markets are also becoming a rapidly growing reality in Europe and Asia, and are an established feature of U.S. trading. This raises urgent market governance issues that have largely been overlooked. Global Algorithmic Capital Markets seeks to understand how recent market transformations are affecting core public policy objectives such as investor protection and reduction of systemic risk, as well as fairness, efficiency, and transparency. The operation and health of capital markets affect all of us and have profound implications for equality and justice in society. This unique set of chapters by leading scholars, industry insiders, and regulators discusses ways to strengthen market governance for the benefit of society at whole.
Global justice is an exciting area of refreshing, innovative new ideas for a changing world facing significant challenges. Not only does work in this area often force us to rethink about ethics and political philosophy more generally, but its insights contain seeds of hope for addressing some of the greatest global problems facing humanity today. The Oxford Handbook of Global Justice has been selective in bringing together some of the most pressing topics and issues in global justice as understood by the leading voices from both established and rising stars across twenty-five new chapters. This Handbook explores severe poverty, climate change, egalitarianism, global citizenship, human rights, immigration, territorial rights, and much more.
"One of the most comprehensive histories of modern capitalism yet written." —Michael Hirsh, New York Times An authoritative, insightful, and highly readable history of the twentieth-century global economy, updated with a new chapter on the early decades of the new century. Global Capitalism guides the reader from the globalization of the early twentieth century and its swift collapse in the crises of 1914–45, to the return to global integration at the end of the century, and the subsequent retreat in the wake of the financial crisis of 2008.