In the post-Cold War era, economic globalization has loomed, at
least for some, as the world system's next crisis carrier, creating
winners and losers and trampling on the distinctiveness of local
cultures. Yet the liberal assumption is that if the market does its
job, the poor will catch up to the rich via trade-driven growth and
the economies of developed and less developed countries will
gradually converge. Investigating the processes of economic
globalization, this book explores whether it is truly a "global"
process. It examines how globalization is experienced around the
world, comparing its intensity and impact in both the global North
and South. Using a world systems approach and developing a
theoretical analysis that builds on the leadership long-cycle
approach to global political economy, this book seeks to dispel
some of the myths widely propagated regarding economic development.
Through a focus on the issues of technological diffusion, debt,
conflict, and democratisation, the authors demonstrate how and why
the asymmetries that have characterized the global North and South
in the past and present are growing more acute. This important book
will be of interest to students and scholars of international
political economy, globalisation, international trade and
|Country of origin:
William R. Thompson
• Rafael Reuveny
||Electronic book text
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