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Globalization, Cities, and Racial Inequality: Don’t Believe the Hype

  • James B. Stewart
Chapter

Abstract

The struggle for global market dominance in the twenty-first century is the equivalent of Santayana’s battle in the clouds. The “skywalkers” in this battle are faceless representatives of multilateral institutions that establish international trade rules, particularly the World Trade Organization (WTO), and what Kanter describes as “cosmopolitans,” leaders of multinational corporations who are reshaping the contours of the global political economy.1 Nation-states, regions, and cities are increasingly pawns in this struggle, for as Kanter reminds us, “today people up and down the line spend every day under the shadow of macroforces that can dramatically alter their fortunes.”2 The vulnerability of employees of global enterprises is increasing: “People’s ultimate career fates may be determined less by their own performance ratings than by decisions in the boardroom—and not only the boardroom of their own company, but the boardrooms of their key suppliers, major customers, institutional investors, or aggressive foreign competitors.”3

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Notes

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Copyright information

© Gayle T. Tate and Lewis A. Randolph 2006

Authors and Affiliations

  • James B. Stewart

There are no affiliations available

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