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Books > Business & Economics > Economics > Political economy
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The Political Economy of Globalization (Hardcover, 1997 ed.)
Loot Price: R4,393
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The Political Economy of Globalization (Hardcover, 1997 ed.)
Series: Recent Economic Thought, 55
Expected to ship within 10 - 15 working days
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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."
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