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.
Edited by Jonathan Michie, Professor of Innovation and Knowledge Exchange, President of Kellogg College and Director of the Department for Continuing Education, University of Oxford, UK
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? Jose 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