The Political Economy of Globalization: 55 (Recent Economic Thought, 55) - Hardcover

Hardcover

ISBN 10: 079239903X ISBN 13: 9780792399032

Publisher: Springer, 1997

Synopsis

Globalization is transforming the world at an accelerated pace. Integration of the world continues, widening and intensifying international linkages in economic, political and social relations. Liberalization of trade and fmance, lubricated by revolutionary changes in information technology, has resulted in significant economic growth at the global level. On the other hand, the process of globalization is changing the nature of production relations, threatening the traditional roles of the nation-state, and carrying with it far-reaching implications for sustainable growth, development and the environment. Although both developed and developing countries are actively participating in this saga of globalization, nearly ninety countries, as the United Nations' Human Development Report, 1996 indicates, are worse off economically than they were ten years ago, leading to "global polarization" between haves and have nots. The report further indicates that the gap between the per capita incomes of the industrialized world and the developing countries, far from narrowing, has more than tripled during the last thirty years. Further, a majority of the countries benefitting from this globalization drive have seen a rise in inequality and poverty. This failure of market driven globalization to reward the benefits equitably led the United Nations to proclaim 1996 as the International Year for the Eradication of Poverty (IYEP) and the decade of 1997-2006 as the international decade for the eradication of poverty, and to promote "people-centered sustainable development".

About this title

Synopsis

Looking at issues arising from a political economy perspective on globalization and development, this text emphasizes such issues as erosion of national sovereignty, the implications of globalization for class relations and development, gender equity, increasing tensions between North and South, and changes in the roles of international institutions, labour organizations, nation-states, and non-governmental organizations. This edited volume should provide valuable insights and important background analysis for scholars working in the field of globalization as well as senior undergraduate and graduate students in a variety of curricula, including economics, development studies, political science, international relations and international business.

Edition details

• Publisher: Springer
• Publication date: 1997
• Language: English
• ISBN 10: 079239903X
• ISBN 13: 9780792399032
• Binding: Hardcover
• Number of pages: 356
• Editor: Gupta Satya Dev