Global Economy Contested

Although much has been written on the topic of economic globalization, few volumes examine the social foundations of the global economy in a way that puts power and contestation at the forefront of the analysis. This book addresses this gap by emphasizing the contested social processes that underpin global production chains and financial structures

The rapid growth of the field of international political economy since the 1970s has revived an older tradition of thought from the pre-1945 era. The Contested World Economy provides the first book-length analysis of these deep intellectual roots of the field, revealing how earlier debates about the world economy were more global and wide-ranging than usually recognized. Helleiner shows how pre-1945 pioneers of international political economy included thinkers from all parts of the world rather than just those from Europe and the United States featured in most textbooks. Their discussions also went beyond the much-studied debate between economic liberals, neomercantilists, and Marxists, and addressed wider topics, including many with contemporary relevance, such as environmental degradation, gender inequality, racial discrimination, religious worldviews, civilizational values, national self-sufficiency, and varieties of economic regionalism. This fascinating history of ideas sheds new light on current debates and the need for a global understanding of their antecedents.

Essay from the year 2007 in the subject Politics - International Politics - Topic: Globalization, Political Economics, grade: 1,8, University of Warwick (University of Warwick, UK, Dep. of Economics), course: Making of Economic Policy, 12 entries in the bibliography, language: English, abstract: “We don’t know what globalization is, but we have to act.” This sentence, from a peasant activist in North East Thailand interviewed in Bangkok on 10 June 2002, makes clear why ‘globalization’ is still one of the most contested concepts in recent international political economy. Global media has raised people’s awareness of the fact that ‘the world is moving faster than ever’. Reduced formal barriers to commerce (e.g. import tariffs) have helped world trade to grow faster than output and foreign direct investments faster than trade . Multi-national corporations with a global target market have entailed the threat of off-shoring and outsourcing, which exerts a constant downward pressure on wages in developed countries. The information and communication technology revolution as well as the decreased transportation costs due to the airplane and containerization have accelerated a new division of labour. Moreover non-economic issues as the change of the nation-state role and the growing importance of transnational institutions are feeding the talks about globalization. Yet, just as the interviewed peasant above, nobody really knows what the exact topic is.

This exciting book, available in paperback for the first time, provides an illuminating account of contemporary globalisation that is grounded in actual transformations in the areas of production and the workplace. It reveals the social and political contests that give 'global' its meaning, by examining the contested nature of globalisation as it is expressed in the restructuring of work.Rejecting conventional explanations of globalisation as a process that automatically leads to transformations in working lives, or as a project that is strategically designed to bring about lean and flexible forms of production, this book advances an understanding of the social practices that constitute global change. Through case studies that span from the labour flexibility debates in Britain and Germany, to the strategies and tactics of corporations and workers, the author examines how globalisation is interpreted and experienced in everyday life. Contestation, she argues, is about more than just direct protests and resistances. It has become a central feature of the practices that enable or confound global restructuring.This book offers students and scholars of international political economy, sociology and industrial relations an innovative framework for the analysis of globalisation and the restructuring of work.

This book is, in essence, about incentives: the incentives for competing societal interest groups to cooperate with each other to benefit from a growing economic pie, rather than fighting over a bigger share of a smaller one. This is the conundrum of economic development. If elite interest groups have both incentive and ability to allocate resources toward themselves, and if such rent seeking causes a decline in economic inefficiency, how can economies ever grow? The book illuminates the mechanisms by which in one of the world’s recent economic success stories— Vietnam’s rapid industrialization and passage into the middle-income category—the interest in cooperating to grow the economy overrode the elites’ instinct to allocate resources through the use of political power. The book shows how the need to provide positive conditions for international investment altered pay-off structures and pushed the all-powerful Communist Party of Vietnam to engage in bargaining with provincial officials; provincial officials with international investors; and finally all coercive elites even with the working classes. It describes the emergence of a harmony of interest among societal groups in which each group benefits from a growing economy, and no one group can monopolize the benefits of growth without hurting itself. The Vietnam case validates Nobel-Prize winning economist Mancur Olson’s proposition that elite predation can only be kept in check when the elite itself suffers from the economic decline it causes at least as much as it gains from the rents it collects.

This work examines the challenges faced by those wishing to develop progressive visions of transparent global governance and civil society. It traces the history and development of the institutions of global governance as well as the emergence of the anti-globalization movement.

2021 CHOICE Outstanding Academic Title Contesting the Global Order explores what it means to be a radical intellectual as political hopes fade. Gregory P. Williams chronicles the evolution of intellectual visionaries Perry Anderson and Immanuel Wallerstein, who despite altered circumstances for radical change, continued to advance creative interpretations of the social world. Wallerstein and Anderson, whose hopes were invested in a more egalitarian future, believed their writings would contribute to socialism, which they anticipated would be a postcapitalist future of relative social, economic, and political equality. However, by the 1980s dreams of socialism had faded and they had to face the reality that socialism was neither close nor inevitable. Their sensitivity to current events, Williams argues, takes on new significance in this century, when many scholars are grappling with the issue of change in a world of declining state power.

"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.