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Perhaps no word today is used and misused more than globalization. It generally serves to refer to worldwide epoch-defining changes in the organization of societies, economies and politics. But as Petras and Veltmeyer demonstrate, the term globalization obscures much more than it reveals. In practice, globalization provides a cover for a new form of imperialist exploitation and the institution of US hegemony over a global process of capital accumulation. In the last decade, capitalists in Europe and the United States have created favourable conditions for the takeover and recolonization of economies across the developing world. International capital has managed to restore highly profitable returns on investments and operations as never before, creating islands of opulent prosperity within a sea of growing poverty and misery. In effect, this book argues that the terms globalization and imperialism are widely used as alternative frameworks for understanding the dynamics of the same worldwide developments and trends. Employing an imperialist analytical framework over that of globalization not only provides a better understanding but also points towards forces of resistance and opposition that through political action may bring about necessary change.
An Economist Best Book of the Year A Financial Times Best Economics Book of the Year A Fast Company “7 Books Microsoft CEO Satya Nadella Says You Need to Lead Smarter” Between 1820 and 1990, the share of world income going to today’s wealthy nations soared from twenty percent to almost seventy. Since then, that share has plummeted to where it was in 1900. As the renowned economist Richard Baldwin reveals, this reversal of fortune reflects a new age of globalization that is drastically different from the old. The nature of globalization has changed, but our thinking about it has not. Baldwin argues that the New Globalization is driven by knowledge crossing borders, not just goods. That is why its impact is more sudden, more individual, more unpredictable, and more uncontrollable than before—which presents developed nations with unprecedented challenges as they struggle to maintain reliable growth and social cohesion. It is the driving force behind what Baldwin calls “The Great Convergence,” as Asian economies catch up with the West. “In this brilliant book, Baldwin has succeeded in saying something both new and true about globalization.” —Martin Wolf, Financial Times “A very powerful description of the newest phase of globalization.” —Larry Summers, former U.S. Secretary of the Treasury “An essential book for understanding how modern trade works via global supply chains. An antidote to the protectionist nonsense being peddled by some politicians today.” —The Economist “[An] indispensable guide to understanding how globalization has got us here and where it is likely to take us next.” —Alan Beattie, Financial Times
In this #1 national bestseller, a journalist who's been attacked by Antifa writes a deeply researched and reported account of the group's history and tactics. When Andy Ngo was attacked in the streets by Antifa in the summer of 2019, most people assumed it was an isolated incident. But those who'd been following Ngo's reporting in outlets like the New York Post and Quillette knew that the attack was only the latest in a long line of crimes perpetrated by Antifa. In Unmasked, Andy Ngo tells the story of this violent extremist movement from the very beginning. He includes interviews with former followers of the group, people who've been attacked by them, and incorporates stories from his own life. This book contains a trove of documents obtained by the author, published for the first time ever.
An inspiring outline of a new economics system, where justice, human dignity, compassion and reverence for life are the guiding values. The economic system under which we live not only forces the great majority of humankind to live their lives in indignity and poverty but also threatens all forms of life on Earth. Economics Unmasked presents a cogent critique of the dominant economic system, showing that the theoretical constructions of mainstream economics work mainly to bring about injustice. The merciless onslaught on the global ecosystem of recent decades, brought about by the massive increase in the production of goods and the consequent depletion of nature's reserves, is not a chance property of the economic system. It is a direct result of neoliberal economic thinking, which recognizes value only in material things. The growth obsession is not a mistaken conception that mainstream economists can unlearn, it is inherent in their view of life. But a socio-economic system based on the growth obsession can never be sustainable. This book outlines the foundations of a new economics, where we are not ruled by greed and injustice. Contrary to the absurd assumption of mainstream economists that economics is a value-free science, a new economics must make its values explicit.
Rent Unmasked explores the new economic paradigm that policy-makers need to solve global problems in the post-2008 era. With conventional economic theories discredited, the new model must equip governments with tools to re-stabilise societies in a dangerous world. Rent Unmasked explains why one paradigm only qualifies to serve this purpose: the dynamic model that reinstates time and space back into economic theorising. The Flat Earth economics of the neo-classical school is analysed by the 13 contributors to this volume, which honours the seminal role played by Mason Gaffney, Emeritus Professor of Economics at the University of California (Riverside), in exposing the way in which classical economics was debased to serve rent-seeking interests. In a world divided by dangerously misleading theories of governance, Rent Unmasked recovers the concepts that integrate macro-economics with the common good; interrogates the interface between private incomes and public revenue; and identifies strategies for lifting the stalled global economy out of the low-growth straightjacket that is blocking the rise of real wages and capital formation to levels that deliver sustainable growth.
Contemporary globalization is transforming and undermining the role of the nation-state, causing it to lose its grip on both the national economy and identity. This is a penetrating analysis of this phenomenon and an explorationn of how governments - national, regional, local, global city-regions - can respond. This original selection of essays discusses the impact of globalization on nation-states and the international system, the consequent political and sociological fragmentation of nations, and the rise of multiple identities within those nations. These essays uniquely investigate the dramatic effect of globalization on governance, outlining how sub-state 'governments' have now become international actors. This volume delivers a key insight into the way globalization is reshaping political relationships, and will be of interest to students of politics, international studies and globalization.
This book presents critical perspectives on the impacts of globalization in Africa with particular reference to the crisis of development and governance, the crisis of peace and security, and the environmental crisis. It explores both global and local factors that exacerbate these crises, and seeks solutions to these challenges. With a strong slant on African experience and perspectives, the book reveals that globalization has presented Africa with both challenges and opportunities for governance and existence in an increasingly inter-connected planet.
Addresses many questions concerning the form of globalisation, such as: Does globalization involve integration on a worldwide scale or will there be a levelling off or even a reversal? Is there an alternative to globalization? This work explores the tensions and dilemmas inherent in globalization, from local, national and global perspectives.
Globalization is not a new phenomenon in the international system. However, the various phases of globalization have had divergent scopes, actors, dimensions and dynamics - that is, each of the phases of globalization can be differentiated according to these terms. Against this background, this book focuses on the 'new globalization', a phase that emerged when the Cold War ended and which is, significantly, the most expansive and technologically advanced of all the phases of globalization. The contributors identify and discuss many of the frontier issues in Africa that are being impacted by the dynamics of this new globalization - debt, human rights, development, state sovereignty, the environment, and the HIV/AIDS pandemic. The volume will hold particular interest for students, scholars and researchers of African and development politics.
This timely book provides an engaging, clear view of the interrelationships within key globalization processes and the international sport of football. Intelligently combining the conceptual and methodological aspects of global studies with the specific cultural conditions of the ′beautiful game′ Giulianotti and Robertson illuminate its social history and diffusion, as well as wider cultural, economic, political and social dimensions. Using football to chart an increasing global connectivity, or globality, the authors explore how the game may be understood as a metric, mirror, motor and metaphor of globalization Issues discussed include: - Transnational Identities and the Global Civil Society, - Cosmopolitanism & Americanization, - Neo-Liberalism, Inequalities and Transnational Clubs, - Politics, Nations, and International Governance, Ideal for students and lecturers concerned with the sociology of sport, globalization and international cultural studies - the book will be of interest to anyone keen to map the intricate ways in which transnational processes may impact upon particular domains of social life.