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The recent American invasion of Iraq represents the endgame of America's decades-old effort to impose its vision of globalization-a system dominated by multinational firms and buttressed by the liberalism of John Locke and Adam Smith. Whereas the war surely ended Saddam Hussein's regime, the storm of countervailing forces it unleashed points to another end: that of America's latest global project. This is not the first time that the US has tried to reshape the world in its own liberal image, but the third. The first effort stretched from the late nineteenth century to 1920, ending when America rejected entry into the League of Nations. The FDR administration engineered the second attempt in the 1940s, but it withered in the Cold War. The third moment-the era of globalization-began in the late 1960s, when the US transformed the Bretton Woods financial institutions and used its own economic power to enforce a worldwide neoliberal orthodoxy tied to an ideal of liberal democracy. But the effort is failing for the same reasons the preceding attempts failed. As Neil Smith shows, the Lockean liberalism that animates American globalism has always been undercut by a crippling nationalism that exposes the contradictions built into the ideal. In each instance, a hard-edged nationalism-evident in the rejection of the League of Nations, in the policies of the Cold War, and in the current Iraq war-always surfaces and drives US actions despite America's self-perception as a champion of benign universal values. Moreover, it always generates opposition. Attuned to history, political economy, and geography, The Endgame of Globalization is a sweeping and powerful account of America's century-long quest for global dominance and the nationalism within that invariably unravels the dream.
First Published in 2005. Routledge is an imprint of Taylor & Francis, an informa company.
A new account of globalization’s decline as the natural outworking of market economics. Globalization as we know it is over. Governments continue to embrace regressive industrial policies, geopolitical tensions are rising higher and higher, and resurgent far-right movements are threatening the foundations of contemporary democracies. In this book, Jamie Merchant traces the roots of this decline beyond the oft-blamed failures of the post-Cold War era. Instead, Merchant argues that the great political and economic changes of the last decade are due not to globalization but to the long-term decay of the market-based economic order. By historicizing this period of globalization and decline, Endgame illuminates a path forward for both the global economy and international politics.
Greece isn't the only country drowning in debt. The Debt Supercycle—when the easily managed, decades-long growth of debt results in a massive sovereign debt and credit crisis—is affecting developed countries around the world, including the United States. For these countries, there are only two options, and neither is good—restructure the debt or reduce it through austerity measures. Endgame details the Debt Supercycle and the sovereign debt crisis, and shows that, while there are no good choices, the worst choice would be to ignore the deleveraging resulting from the credit crisis. The book: Reveals why the world economy is in for an extended period of sluggish growth, high unemployment, and volatile markets punctuated by persistent recessions Reviews global markets, trends in population, government policies, and currencies Around the world, countries are faced with difficult choices. Endgame provides a framework for making those choices.
Examining the interconnections between globalization and war, Barkawi (Centre of International Studies, U. of Cambridge, UK) first analyzes how war interconnects and reshapes places and how developments in the nature and utility of military force shape transregional and worldwide contexts, utilizing the relations among India, the British empire, and the Indian Army is illustrative material. He then examines cultural dimensions of war and globalization such as "geographic imaginaries" of a modern and advance West and a barbarous Orient. The themes developed in these chapters are then applied to the "War on Terror."
Are there existing alternatives to corporate globalization? What are the prospects for and commonalities between communities and movements such as Occupy, the World Social Forum and alternative economies? Globalization Development and Social Justice advances the proposition that another globalization is not only possible, but already exists. It demonstrates that there are multiple pathways towards development with social justice and argues that enabling propositional agency, rather than oppositional agency such as resistance, is a more effective alternative to neoliberal globalization. El Khoury develops a theory of infraglobalization that emphasizes creative constitution, not just contestation, of global and local processes. The book features case studies and examples of diverse economic practice and innovative emergent political forms from the Global South and North. These case studies are located in the informal social economy and community development, as well as everyday practices, from prefigurative politics to community cooperatives and participatory planning. This book makes an important contribution to debates about the prospects for, and practices of, a transformative grassroots globalization, and to critical debates about globalization and development strategies. It will be of interest to students and scholars of international relations, globalization, social movement studies, political and economic geography, sociology, anthropology and development studies.
Davidson discusses how Marxism can retain a sense of historical tradition without becoming fossilized.
Through historical narrative, this book explains how neoliberal globalization was actively constructed over decades by both state and class actors.
In recent years, the effects of economic openness and technological change have fuelled dissatisfaction with established political systems and led to new forms of political populism that exploit the economic and political resentment created by globalization. This shift in politics was evident in the decision by UK voters to leave the European Union in June 2016, the November 2016 election of Donald Trump to the presidency of the United States, as well as the rise of populist movements on left and right throughout much of Europe. To many voters, the economy appears to be broken. Conventional politics is failing. Parties of the left and centre-left have struggled to forge a convincing response to this new phase of globalization in the aftermath of the 2008 crisis. This book examines the challenges that the new era of globalization poses for progressive parties and movements across the world. It brings together leading thinkers and experts including Andrew Gamble, Jeffry Frieden and Vivien Schmidt to debate the structural causes and political consequences of this new wave of globalization.
World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolu­tion, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wear­able sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manu­facturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individu­als. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frame­works that advance progress.