By Patrick Hayden, Chamsy El-Ojeili
This hugely obtainable textual content presents a accomplished evaluation of globalization and its results. Exploring the insights of a variety of severe theorists, this booklet argues that debates approximately globalization can't be divorced from struggles for emancipation or from the contradictory realities of up to date society. in actual fact geared up round thematic chapters designed to impress scholar inquiry, the ebook demonstrates how the perspectives of serious theorists are the most important to realizing the worldwide strategies shaping the area today.
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Extra resources for Critical Theories of Globalization: An Introduction
1999). With increased competition, companies began to merge in the interests of investment and survival (Robertson, 2003): ‘combination advanced at the expense of market competition, business corporations at the expense of private ﬁrms, big business and large enterprise at the expense of smaller; and this concentration implied a tendency towards 24 Critical Theories of Globalization oligopoly’ (Hobsbawm, 1995b: 44). The American version of these new business organizations was to become in the twentieth century the model of business worldwide.
Imperialism, in brief, refers to the domination of less developed by more developed nations in the interests of economic gain (Marshall, 1994). For Lenin (1970: 106), the imperialistic stage of capitalist development was marked by the following: the concentration of production and capital towards monopolies; 44 Critical Theories of Globalization the merging of bank and industrial capital; the export of capital; the creation of ‘international monopolist combines which share the world among themselves’; and the complete division of the world between the major capitalist powers.
We have already referred to Marx’s assumption that capitalism would spread inexorably around the world, creating, in the process, a global capitalist order, which he believed was a progressive step insofar as it would pave the way for communism. Capitalism, that is, would generate the necessary productive forces and skills and create a human force – the working class – that would bring a higher stage of human social organization. Marx was impressed by capitalism’s dynamism and progressiveness, and was often contemptuous of the traditional ways of life capitalism swept away.
Critical Theories of Globalization: An Introduction by Patrick Hayden, Chamsy El-Ojeili