Globalization Revisited

  • S. Javed Maswood
Part of the International Political Economy Series book series (IPES)


This chapter begins by laying out the consensus view of globalization as a product of trade liberalization and technological advances. It then proceeds to disaggregate globalization into its two corresponding components of globalization of consumption and globalization of production. Of these, only the former was a result of trade liberalization, both in the nineteenth and twentieth centuries, but the latter is unique to contemporary globalization and was a product of neo-protectionist measures adopted by the USA, and the Japanese response to such trade restrictive practices.


  1. Beaud, M. 2001. A History of Capitalism, 1500-2000, Trans. Tom Dickman and Amy Lefebvre. New York: Monthly Review Press.Google Scholar
  2. Bello, W. 2002. Deglobalization: Ideas for a New World Economy. London: Zed Books.Google Scholar
  3. Bertola, Luis, and Jeffrey O. Williamson. 2006. Globalization in Latin America Before 1940. In The Cambridge Economic History of Latin America, ed. Victor Bulmer-Thomas, John H. Coatsworth, and Roberto Cortes Conde, vol. 2. New York: Cambridge University Press.Google Scholar
  4. Bordo, Michael D., Barry Eichengreen, and Douglas A. Irwin. 2000. Is Globalisation Today Really Different from Globalisation a Hundred Years Ago? In Globalization and International Trade Liberalisation: Continuity and Change, ed. M. Richardson. Cheltenham, UK: Edward Elgar.Google Scholar
  5. Chandy, L. 2016. Is Globalization’s Second Wave About to Break? Global Views, No. 4. Washington: Brookings Institution (October).Google Scholar
  6. Eckes, Alfred E., Jr. 1995. Opening America’s Market: U.S. Foreign Trade Policy Since 1776. Chapel Hill and London: The University of North Caroline Press.Google Scholar
  7. Frankel, J. 2000. Globalization of the Economy. In Governance in a Globalizing World, ed. J.S. Nye and John D. Donahue. Washington, DC: Brookings Institution Press.Google Scholar
  8. Friedman, Thomas L. 2000. The Lexus and the Olive Tree: Understanding Globalization. New York: Anchor Books.Google Scholar
  9. Gibbon, Peter, and Stefano Ponte. 2005. Trading Down: Africa, Value Chains, and the Global Economy. Philadelphia: Temple University Press.Google Scholar
  10. Gilpin, R. 2000. The Challenge of Global Capitalism. Princeton, NJ: Princeton University Press.Google Scholar
  11. Harley, Knick. 1994. Foreign Trade: Comparative Advantage and Performance. In The Economic History of Britain Since 1770, ed. R. Floud and Donald McCloskey, vol. 1, 2nd ed. Cambridge: Cambridge University Press.Google Scholar
  12. Hirst, P., and Grahame Thompson. 1996. Globalization in Question: The International Economy and the Possibilities of Governance. Cambridge: Polity Press.Google Scholar
  13. ———. 2002. The Future of Globalization. Cooperation and Conflict: Journal of the Nordic International Studies Association 37 (3): 247–265.CrossRefGoogle Scholar
  14. Holland, B. 1980. The Fall of Protection: 1840–1850. Philadelphia: Porcupine Press.Google Scholar
  15. Hufbauer, Gary C., and K. Suominen. 2010. Globalization at Risk: Challenges to Finance and Trade. New Haven and London: Yale University Press.Google Scholar
  16. Iriye, A. 2014. Global Interdependence: The World After 1945. Cambridge, MA: Harvard University Press.Google Scholar
  17. Jones, Barry R.J. 1995. Globalization and Interdependence in the International Political Economy: Rhetoric and Reality. London and New York: Pinter Publishers.Google Scholar
  18. Jones, G. 2005. Multinational and Global Capitalism: From the Nineteenth to the Twenty-First Century. Oxford: Oxford University Press.Google Scholar
  19. Keohane, Robert O., and J.S. Nye. 2000. Introduction. In Governance in a Globalizing World, ed. J.S. Nye and D. John Donahue. Washington, DC: Brookings Institution Press.Google Scholar
  20. Kim, Samuel S. 2000. East Asia and Globalization: Challenges and Responses. In East Asia and Globalization, ed. Samuel S. Kim. Lanham, MD: Rowman & Littlefield Publishers, Inc.Google Scholar
  21. Krugman, Paul. 1994. The Myth of Asia’s Miracle. Foreign Affairs 73 (6, November/December): 62–78.CrossRefGoogle Scholar
  22. Krugman, P. 2009. The Return of Depression Economics and the Crisis of 2008. New York and London: W.W. Norton & Company.Google Scholar
  23. Kuhn, Thomas S. 1970. The Structure of Scientific Revolutions. 2nd ed. Chicago: University of Chicago Press.Google Scholar
  24. Martin, P., Thierry Mayer, and Mathias Thoenig. 2008. Make Trade Not War? The Review of Economic Studies 75 (3): 865–900.CrossRefGoogle Scholar
  25. Moore, K., and David Lewis. 2009. The Origins of Globalization. New York and London: Routledge.Google Scholar
  26. Morrison, James A. 2012. Before Hegemony: Adam Smith, American Independence, and the Origins of the First Era of Globalization. International Organization 66 (Summer): 395–428.CrossRefGoogle Scholar
  27. Pamuk, S., and Jan-Luiten van Zanden. 2010. Standards of Living. In The Cambridge Economic History of Modern Europe: Volume 1, 1700–1870, ed. Stephen Broadberry and Kevin H. O’Rourke. Cambridge: Cambridge University Press.Google Scholar
  28. Piketty, T. 2014. Capitalism in the 21st Century. Cambridge: Belknap Press of the Harvard University.Google Scholar
  29. Rodrik, D. 1997. Has Globalization Gone Too Far? Washington, DC: Institute for International Economics.Google Scholar
  30. Rupert, M., and M. Scott Solomon. 2006. Globalization & International Political Economy: The Politics of Alternative Futures. Lanham: Rowman & Littlefield Publishers, Inc.Google Scholar
  31. Sachs, J. 2005. The End of Poverty: How We Can Make it Happen in our Lifetime. London: Penguin Books.Google Scholar
  32. Schonhardt-Bailey, C. 2006. From the Corn Laws to Free Trade: Interest, Ideas, and Institutions in Historical Perspective. Cambridge: The MIT Press.Google Scholar
  33. Szirmai, A., Wim Naude, and Ludovico Alcorta. 2013. Introduction and Overview: The Past, Present, and Future of Industrialization. In Pathways to Industrialization in the Twenty-First Century, ed. Adam Szirmani et al. Oxford: Oxford University Press.CrossRefGoogle Scholar
  34. Taylor, A. 2006. Foreign Capital Flows. In The Cambridge Economic History of Latin America, ed. Victor Bulmer-Thomas, John H. Coatsworth, and Roberto Cortes Conde, vol. 2. New York: Cambridge University Press.Google Scholar
  35. Trésor-Economics. 2011. No. 93, Ministry for the Economy, Finance and Industry, Paris, France, October.Google Scholar
  36. Woods, N. 2006. The Globalizers: The IMF, the World Bank, and their Borrowers. Ithaca and London: Cornell University Press.Google Scholar
  37. Yarbrough, Beth V., and Robert M. Yarbrough. 1997. The “Globalization” of Trade: What’s Changed and Why. In The Political Economy of Globalization, ed. Satya Dev Gupta. Boston, Dordrecht and London: Kluwer Academic Publishers.Google Scholar
  38. Yeung, Henry Wai-chung, and Neil Coe. 2015. Toward a Dynamic Theory of Global Production Networks. Economic Geography 91 (1): 29–58.CrossRefGoogle Scholar
  39. Zeiler, Thomas W. 1999. Free Trade Free World: The Advent of GATT. Chapel Hill and London: University of North Carolina Press.Google Scholar

Copyright information

© The Author(s) 2018

Authors and Affiliations

  • S. Javed Maswood
    • 1
  1. 1.Department of Political ScienceAmerican University in CairoNew CairoEgypt

Personalised recommendations