Until its recent revival the term 'imperialism' had virtually disappeared from academic and political discourse. Today, however, the notion of imperialism, particularly regarding the aggressive projection of state power by the Bush administration, has been put back on the agenda. It has begun to replace the notion of 'globalization' as a framework for grasping worldwide economic, social and political developments. This book explores these events. It looks at the transformations in capitalist development over the past two decades, and the global projection of American power. It assesses the forces of resistance against global neoliberal capitalist development and imperialism, and explores the internal dynamics of the 'anti-globalization movement'.

The global economy is taken as the starting point for this unique analysis of the dynamics of capitalist development. A compendium of a comprehensive treatise of applied economics, revised, expanded and updated with a new section on the contradictory relation of capital to nature.