The Handbook Of Globalisation, Second Edition

Acclaim for the first edition:

‘Even those who dislike the word “globalisation” cannot avoid using it. This remarkable book clarifies the concept of globalisation, and the ways in which it should be used. It is an invaluable guide to the economic and social processes of the 21st century.’
– Daniele Archibugi, Italian National Research Council, Italy

‘Admirably edited. With a wealth of applied detail, the contributors visit all the interesting questions in international political economy.’
– Ciaran Driver, University of London, UK

‘This Handbook brings together a stunning range of writing on a subject which has tended to be wrapped in mystery and controversy. From the opening chapters that debate the “newness” of globalisation to the chapters that analyse the hegemony of neo-liberalism this book weaves together the most up to date and challenging academic work. . .’
– Vishnu Padayachee, University of Natal, Durban, South Africa

‘Globalisation is a ubiquitous buzzword. But what does it really mean and what are its implications for human well-being? The Handbook of Globalisation pulls together current work from a sterling cast of innovative thinkers on these questions. It is no surprise that one finds penetrating insights and innovative policy approaches on nearly every page.’
– Robert Pollin, University of Massachusetts, Amherst, US

Globalisation is an issue that has been high on the research agenda for several years, spawning a vast and at times unwieldy literature. A concept often ill-defined, it has generated a plethora of unresolved and fiercely contested questions, the nature of which depends on which side of the ideological divide one stands.

The 2008 global credit crunch, which in 2009 created the first global recession since the 1930s, demonstrated that the ‘capitalism unleashed’ model of globalisation which had been promoted from the 1980s onwards was both damaging and unsustainable.

With contributions from the leading commentators in the field and an over-arching introduction from the editor, the concerns of this updated and revised handbook are two-fold. Firstly, to redefine the concept of globalisation and dispel the haze that surrounds it through a systematic and thorough examination of the debate. Secondly, to advance the frontiers of current critical thinking on the role and impact of globalisation, on the winners and losers in the process, and on the implications for society, the economy and governance.

Offering a genuinely inter-disciplinary perspective, this Handbook represents the definitive guide to what is an all-pervasive issue. It should be on the bookshelves of all postgraduate and advanced undergraduate students in economics, business, international studies and related fields, as well as scholars and policymakers with an interest in the global economy and in the functioning of an increasingly globalised world.

Contents:

Globalisation: Introduction and Overview
Jonathan Michie

PART I: GLOBALISATION IN QUESTION?
1. The Future of Globalisation
Paul Hirst and Grahame Thompson

2. Financial Globalization? History, Conditions and Prospects
Grahame Thompson

3. The Scope and Implications of Globalisation
Jonathan Perraton

4. Measures of Globalisation and their Misinterpretation
Bob Sutcliffe and Andrew Glyn

PART II: ANALYSING THE GLOBAL ECONOMY
5. Innovation and Globalisation: A Systems of Innovation Perspective
Jeremy Howells

6. The International Debt Crisis
Gary Dymski

7. National Inequality in the Era of Globalisation: What do Recent Data Tell Us?
José Gabriel Palma

PART III: TRANSNATIONAL CORPORATIONS
8. The Role of Transnational Corporations in the Globalisation Process
Grazia Ietto-Gillies

9. The Role and Control of Multinational Corporations in the World Economy
Gerald Epstein

10. Foreign Direct Investment and Development from a Gender Perspective
Elissa Braunstein

PART IV: LABOUR STANDARDS
11. The Minimum Wage in a Global Context
Peter Brosnan

12. Globalisation, Labour Standards and Economic Development
Ajit Singh and Ann Zammit

13. Global Labor Standards: Their Impact and Implementation
James Heintz

PART V: EUROPE AND NORTH AMERICA
14. Productivity and Competition from a Global Point of View
Joseph Plasmans

15. European Integration and the ‘Euro Project’
Philip Arestis and Malcolm Sawyer

16. The North American Free Trade Agreement: Context, Structure and Performance
Jim Stanford

17. The Low Road to Competitive Failure: Immigrant Labour and Emigrant Jobs in the US
Charles Craypo and Frank Wilkinson

PART VI: GOVERNANCE
18. Governance in a Globalised World
Richard Woodward

19. Global Governance
Mathias Koenig-Archibugi

20. The Political Economy of the Third Way: The Relationship between Globalisation and National Economic Policy
Simon Lee

PART VII: INTERNATIONAL ECONOMIC INSTITUTIONS
21. The WTO and its GATS
Scott Sinclair

22. The International Monetary Fund and the World Bank
John Toye

23. A New ‘Bretton Woods’ System?
Mica Panic

PART VIII: POLICY IMPLICATIONS AND RESPONSES
24. Kicking Away the Ladder – Globalisation and Economic Development in Historical Perspective
Ha-Joon Chang

25. Time to Replace Globalisation with Localisation
Colin Hines

26. Free Trade or Social Tariffs?
George DeMartino

27. Global Inequality and the Global Financial Crisis: The New Transmission Mechanism
Photis Lysandrou

28. The Great Crash of 2008 and the Reform of Economics
Geoffrey M. Hodgson

Index