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Globalization against Democracy - A Political Economy of Capitalism after its Global Triumph (Paperback)
Loot Price: R851
Discovery Miles 8 510
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Globalization against Democracy - A Political Economy of Capitalism after its Global Triumph (Paperback)
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Globalization has reconfigured both the external institutional
framework and the intrinsic operating mechanisms of capitalism. The
global triumph of capitalism implies the embracing of the market by
the state in all its variants, and that global capitalism is not
confined to the shell of nation-state democracy. Guoguang Wu
provides a theoretical framework of global capitalism for
specialists in political economy, political science, economics and
international relations, for graduate and undergraduate courses on
globalization, capitalism, development and democracy, as well as
for the public who are interested in globalization. Wu examines the
new institutional features of global capitalism and how they
reframe movements of capital, labor and consumption. He explores
how globalization has created a chain of connection in which
capital depends on effective authoritarianism, while democracy
depends on capital. Ultimately, he argues that the emerging
state-market nexus has fundamentally shaken the existing
institutional systems, harming democracy in the process.
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