Paperback
The Handbook of Globalisation, Third Edition
3rd edition
9781788118613 Edward Elgar Publishing
The past 30 years are often depicted as an era of globalisation, and even more so with the recent rise of global giants such as Google and Amazon. This updated and revised edition of The Handbook of Globalisation offers novel insights into the rapid changes our world is facing, and how best we can handle them.
More Information
Critical Acclaim
Contributors
Contents
More Information
The past 30 years are often depicted as an era of globalisation, and even more so with the recent rise of global giants such as Google and Amazon. This updated and revised edition of The Handbook of Globalisation offers novel insights into the rapid changes our world is facing, and how best we can handle them.
With multi-disciplinary contributions from leading experts, this Handbook covers a broad spectrum of issues and opportunities surrounding modern globalisation. It explores the idea that globalisation is not new, natural or inevitable, but rather that current global arrangements are the result of corporate pressure and the choices of politicians. It highlights the fact that the deregulated, free market form of globalisation is not unavoidable and explores a new era of global co-operation based around a Green New Deal. It also considers the future of globalisation in the face of the Trump presidency, Brexit and the move towards more state-centred policies.
This Handbook continues to be a vital resource for scholars, students and researchers of economics, international relations, and business and management who wish to gain a more in-depth understanding of globalisation from a variety of different disciplines. Politicians and policy makers will also benefit from the advice offered to avoid some of the increasingly negative impacts of our globalising world.
With multi-disciplinary contributions from leading experts, this Handbook covers a broad spectrum of issues and opportunities surrounding modern globalisation. It explores the idea that globalisation is not new, natural or inevitable, but rather that current global arrangements are the result of corporate pressure and the choices of politicians. It highlights the fact that the deregulated, free market form of globalisation is not unavoidable and explores a new era of global co-operation based around a Green New Deal. It also considers the future of globalisation in the face of the Trump presidency, Brexit and the move towards more state-centred policies.
This Handbook continues to be a vital resource for scholars, students and researchers of economics, international relations, and business and management who wish to gain a more in-depth understanding of globalisation from a variety of different disciplines. Politicians and policy makers will also benefit from the advice offered to avoid some of the increasingly negative impacts of our globalising world.
Critical Acclaim
‘I very much recommend this collection of readings edited by Jonathan Michie to teachers of international business as a supplement, especially in courses based on traditional international business texts.’
– Rajesh Aggarwal, Journal of Teaching in International Business
‘Jonathan Michie and his mainly northern heterodox economists offer us some powerful, refreshing and even disturbing insights into the state of contemporary globalisation. This comes at precisely the moment when the current phase of (neo-liberal) globalisation, arguably the third after late Victorian globalisation and international Keynesianism, shudders and stutters in the wake of the uncertainties and instabilities introduced by the 2008 global financial crisis and the triumph of Trumpism in America.’
– Vishnu Padayachee, University of the Witwatersrand, South Africa
– Rajesh Aggarwal, Journal of Teaching in International Business
‘Jonathan Michie and his mainly northern heterodox economists offer us some powerful, refreshing and even disturbing insights into the state of contemporary globalisation. This comes at precisely the moment when the current phase of (neo-liberal) globalisation, arguably the third after late Victorian globalisation and international Keynesianism, shudders and stutters in the wake of the uncertainties and instabilities introduced by the 2008 global financial crisis and the triumph of Trumpism in America.’
– Vishnu Padayachee, University of the Witwatersrand, South Africa
Contributors
Contributors: P. Arestis, E. Braunstein, P. Brosnan, H.-J. Chang, C. Craypo, G. DeMartino, G. Dymski, G. Epstein, A. Glyn, J. Heintz, C. Hines, P. Hirst, G.M. Hodgson, J. Howells, G. Ietto-Gillies, M. Koenig-Archibugi, S. Lee, P. Lysandrou, J. Michie, J.G. Palma, M. Panic, J. Perraton, J. Plasmans, M. Sawyer, S. Sinclair, A. Singh, J. Stanford, B. Sutcliffe, G. Thompson, J. Toye, F. Wilkinson, R. Woodward, A. Zammit
Contents
Contents:
The Handbook of Globalisation: Introduction and Overview
Jonathan Michie
PART I: GLOBALISATION IN QUESTION?
1. The Future of Globalisation
Paul Hirst and Grahame Thompson
2. Financial Globalization? History, Conditions and Prospects
Grahame Thompson
3. The Scope and Implications of Globalisation
Jonathan Perraton
4. Measures of Globalisation and their Misinterpretation
Bob Sutcliffe and Andrew Glyn
PART II: ANALYSING THE GLOBAL ECONOMY
5. Innovation and Globalisation: A Systems of Innovation Perspective
Jeremy Howells
6. The International Debt Crisis
Gary Dymski
7. The multiplicity of distributional outcomes across the world: diversities of fundamentals or countries getting the inequality they deserve?
José Gabriel Palma
PART III: TRANSNATIONAL CORPORATIONS
8. The Role of Transnational Corporations in the Globalisation Process
Grazia Ietto-Gillies
9. The Role and Control of Multinational Corporations in the World Economy
Gerald Epstein
10. Foreign Direct Investment and Development from a Gender Perspective
Elissa Braunstein
PART IV: LABOUR STANDARDS
11. The Minimum Wage in a Global Context
Peter Brosnan
12. Globalisation, Labour Standards and Economic Development
Ajit Singh and Ann Zammit
13. Global Labor Standards: Their Impact and Implementation
James Heintz
PART V: EUROPE AND NORTH AMERICA
14. Productivity and Competition from a Global Point of View
Joseph Plasmans
15. European Integration and the ‘Euro Project’
Philip Arestis and Malcolm Sawyer
16. North American free trade: history, structure and prospects
Jim Stanford
17. The Low Road to Competitive Failure: Immigrant Labour and Emigrant Jobs in the US
Charles Craypo and Frank Wilkinson
PART VI: GOVERNANCE
18. Governance in a Globalised World
Richard Woodward
19. Global Governance
Mathias Koenig-Archibugi
20. The Political Economy of the Third Way: The Relationship between Globalisation and National Economic Policy
Simon Lee
PART VII: INTERNATIONAL ECONOMIC INSTITUTIONS
21. The WTO and its GATS
Scott Sinclair
22. The International Monetary Fund and the World Bank
John Toye
23. A New ‘Bretton Woods’ System?
Mića Panić
PART VIII: POLICY IMPLICATIONS AND RESPONSES
24. Kicking Away the Ladder – Globalisation and Economic Development in Historical Perspective
Ha-Joon Chang
25. Time to Replace Globalisation with Localisation
Colin Hines
26. Free Trade or Social Tariffs?
George DeMartino
27. Global Inequality and the Global Financial Crisis: The New Transmission Mechanism
Photis Lysandrou
28. The Great Crash of 2008 and the Reform of Economics
Geoffrey M. Hodgson
Index
The Handbook of Globalisation: Introduction and Overview
Jonathan Michie
PART I: GLOBALISATION IN QUESTION?
1. The Future of Globalisation
Paul Hirst and Grahame Thompson
2. Financial Globalization? History, Conditions and Prospects
Grahame Thompson
3. The Scope and Implications of Globalisation
Jonathan Perraton
4. Measures of Globalisation and their Misinterpretation
Bob Sutcliffe and Andrew Glyn
PART II: ANALYSING THE GLOBAL ECONOMY
5. Innovation and Globalisation: A Systems of Innovation Perspective
Jeremy Howells
6. The International Debt Crisis
Gary Dymski
7. The multiplicity of distributional outcomes across the world: diversities of fundamentals or countries getting the inequality they deserve?
José Gabriel Palma
PART III: TRANSNATIONAL CORPORATIONS
8. The Role of Transnational Corporations in the Globalisation Process
Grazia Ietto-Gillies
9. The Role and Control of Multinational Corporations in the World Economy
Gerald Epstein
10. Foreign Direct Investment and Development from a Gender Perspective
Elissa Braunstein
PART IV: LABOUR STANDARDS
11. The Minimum Wage in a Global Context
Peter Brosnan
12. Globalisation, Labour Standards and Economic Development
Ajit Singh and Ann Zammit
13. Global Labor Standards: Their Impact and Implementation
James Heintz
PART V: EUROPE AND NORTH AMERICA
14. Productivity and Competition from a Global Point of View
Joseph Plasmans
15. European Integration and the ‘Euro Project’
Philip Arestis and Malcolm Sawyer
16. North American free trade: history, structure and prospects
Jim Stanford
17. The Low Road to Competitive Failure: Immigrant Labour and Emigrant Jobs in the US
Charles Craypo and Frank Wilkinson
PART VI: GOVERNANCE
18. Governance in a Globalised World
Richard Woodward
19. Global Governance
Mathias Koenig-Archibugi
20. The Political Economy of the Third Way: The Relationship between Globalisation and National Economic Policy
Simon Lee
PART VII: INTERNATIONAL ECONOMIC INSTITUTIONS
21. The WTO and its GATS
Scott Sinclair
22. The International Monetary Fund and the World Bank
John Toye
23. A New ‘Bretton Woods’ System?
Mića Panić
PART VIII: POLICY IMPLICATIONS AND RESPONSES
24. Kicking Away the Ladder – Globalisation and Economic Development in Historical Perspective
Ha-Joon Chang
25. Time to Replace Globalisation with Localisation
Colin Hines
26. Free Trade or Social Tariffs?
George DeMartino
27. Global Inequality and the Global Financial Crisis: The New Transmission Mechanism
Photis Lysandrou
28. The Great Crash of 2008 and the Reform of Economics
Geoffrey M. Hodgson
Index
