Navigating in the Global Economy

  • Paul D. Williams


Debates about the economic dimensions of Labour’s foreign policies revolved in large part around the meaning and impact of neoliberalism and globalisation. For Blair’s government, neoliberal globalisation — appropriately managed to mitigate its negative consequences — was seen as having the potential to bring unprecedented prosperity and development to both Britain and the wider world. Like their Conservative predecessors, Labour continued to promote neoliberal globalisation as a central plank of its international economic agenda.1 As Blair put it, in the aftermath of 9/11, ‘globalisation is a fact. … The issue is not how to stop globalisation. The issue is how we use the power of community to combine it with justice’.2 For the government’s most strident critics, however, this agenda of promoting economic liberalisation globally fundamentally failed to combine globalisation with justice. According to Mark Curtis, for instance, Labour’s intemational economic agenda represented a ‘very frightening’ attempt to break into foreign markets and organise the global economy in ways that would benefit large TNCs and a transnational business elite, and deepen poverty and inequality across the planet.3


Foreign Policy World Trade Organization Global Economy International Financial Market Labour Minister 
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Copyright information

© Paul D. Williams 2005

Authors and Affiliations

  • Paul D. Williams
    • 1
  1. 1.University of BirminghamUK

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