A Critical Account of Globalisation
In order to examine liberal arguments regarding governance within a globalising context, the meaning of globalisation must be explored. Globalisation is a contested concept that seeks to capture the underlying logic of significant social changes across the face of the globe. The central argument of the first part of this book is that there is a difference between globalisation understood as a long-term process of “growing global interconnectedness” (McGrew 1997b: 7) and economic globalisation as a relatively recent configuration of neo-liberal ideology and economic organisation. This distinction is crucial to examining the way liberal approaches to governance intersect with the social, economic and political realities of contemporary globalisation. I will argue that economic globalisation is a contingent reality defined by the reorganisation of capitalist accumulation that involves shifts in geography and power. As such, this emerging structure entails changes in social and economic practices as well as shifts in the dominant norms and in the function of political institutions. It will be argued that the nation-state, far from declining, is a central actor in the reorganisation of economic activity that is occurring across societies around the world. This reorganisation of economic life is also central to the rising levels of inequality and insecurity across the world.
KeywordsEconomic Globalisation Social Force World Order World Politics Global Integration
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