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'Globalization' is one of the key concepts of our time. It is used by both the right and the left as the cornerstone of their analysis of the international economy and polity. In both political and academic discussions, the assumption is commonly made that the process of economic globalization is well under way and that this represents a qualitatively new stage in the development of international capitalism. But is there in fact such a thing as a genuinely global economy? Globalization in Question investigates this notion, providing a very different account of the international economy and stressing the possibilities for its continued and extended governance. The new edition of this best-selling text has been thoroughly revised and updated to take into account new issues which have become salient in the period since the first and second editions were published. Several new chapters have been added and others combined or re-written to assess the growing supra-national regionalization of the international economy, the emergence of India and China as new super-powers, and the possibilities for the continued governance of the global system. A new author has been added to strengthen the analytical embrace of the book given the untimely death of Paul Hirst in 2003. Globalization in Question, Third Edition, is a continuing intervention into current discussions about the nature and prospects of globalization. The book has far-reaching implications which will be of interest to students and academics in a number of disciplines including politics, sociology, economics and geography, as well as to journalists and policy-makers.
Western societies are suffering from a multi-faceted political and economic crisis to which traditional ideologies of the Left and Right no longer offer viable solutions. This book advocates as an alternative 'associative democracy'. Far from being a utopian idea, it offers new forms of economic and social governance as supplements to representative democracy and market economies. Associative democracy addresses the problems of the overload of big government by democratizing and empowering civil society. It transfers social provision to self-governing voluntary associations, whilst retaining public funding and political accountability. It 'publicises' civil society, placing political responsibility and governmental tasks in the hands of citizens. Accountable government becomes possible because service performance and public control are separated. In the economic sphere it advocates regional economic regulation through public-private partnerships, the promotion of self-governing industrial districts, and the democratization of the firm. In this way, Hirst argues, public regulation can be made less remote, promoting the growth of relationships based on co-operation and trust and, therefore, ensuring those flows of information and commitment on the part of actors necessary to the pursuit of "quality" in market economies. This book is highly distinctive in the way it combines political theory with social analysis and political advocacy. It forms an outstanding contribution to contemporary political discussion.
'Globalization' is one of the key concepts of our time. It is used
by both the right and the left as the cornerstone of their analysis
of the international economy and polity. In both political and
academic discussions, the assumption is commonly made that the
process of economic globalization is well under way and that this
represents a qualitatively new stage in the development of
international capitalism. But is there in fact such a thing as a
genuinely global economy? Globalization in Question investigates
this notion, providing a very different account of the
international economy and stressing the possibilities for its
continued and extended governance.
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