Labor And Capital In The Age Of Globalization

Ten contributions from scholars and activists discuss the political economy of the labor process in the age of global capitalism, examining how the global economy effects ordinary people in the workplace. Topics include, for example, the struggle for control at the point of production, the division of labor along racial lines in U.S. agriculture, and women and resistance in the transnational labor force. Editor Berberoglu teaches sociology at the U. of Nevada, Reno. Annotation copyrighted by Book News, Inc., Portland, OR

This book examines the development and transformation of global capitalism in the late 20th and early 21st century. It analyzes the dynamics and contradictions of the global political economy through a comparative-historical approach based on class analysis. After providing a critical overview of neoliberal capitalist globalization over the past three decades, the book examines the emergence of new forces on the global scene and discusses the prospects of change in the global economy in a multi-polar direction in the decades ahead. The book concludes by focusing on the mass movements that are playing a central role in bringing about the transformation of global capitalism.

The Politics of Labor in a Global Age is one of the first works to analyse and compare recent shifts in patterns of industrial relations across late-industrializing and post-socialist economies. The volume features original and timely essays on labor relations at national, local, and workplace levels, as economic and politicla actors cope with the similar challenges associated with economic adjustment measures and the impact of 'globalization'. The authors reveal that while globalization has threatened the position of organized labor and prompted business and state elites to accommodate greater labor market flexibility, the legacies of past institutions remain evident in destinctive trends in labor politics within and across late-industrializing and post-socialist settings. The comparisons suggest that globalization is best understood not as a source of covergence but as a set of common pressures that are mediated by specific historical inheritances, that spur varied responses on the part of industrial relations actors, and that facilitate quite diverse institutional outcomes.

This work looks at the way in which the new global economy works, examining its effect on the power and legitimacy of individual states. It argues that national sovereignty has not eroded, but states have begun to reconfigure, to decide where their resonsi

The past two decades have seen a decline in labor's share of national income in several industrial countries. This paper analyzes the role of three factors in explaining movements in labor's share--factor-biased technological progress, openness to trade, and changes in employment protection--using a panel of 18 industrial countries over 1960-2000. Since most studies suggest that globalization and rapid technological progress (associated with accelerated information technology development) began in the mid-1980s, the sample is split in 1985 into preglobalization/pre-IT revolution and postglobalization/post-IT revolution eras. The results suggest that the decline in labor's share during the past few decades in the OECD member countries may have been largely an equilibrium, rather than a cyclical, phenomenon, as the distribution of national income between labor and capital adjusted to capital-augmenting technological progress and a more globalized world economy.

As transnational capital has become a mighty force controlling the economies of advanced and less-developed capitalist countries around the world, capitalism and capitalist relations of production have spread to and dominated societies and social relations in remote parts of the globe. The resulting globalization of capital has given a free reign to the transnationals to impose on society capitalist practices on a global scale, such that only the biggest and most powerful capitalist monopolies have become the real beneficiaries.

Analyzes the causes of the decline in labor's global fortunes from 1975 to the 2000s.

This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national bestseller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition.