Confronting Globalization in the Twenty-first Century: An Introduction

  • Patrick Hayden
  • Chamsy el-Ojeili
Part of the International Political Economy Series book series (IPES)


The literature on globalization is truly prodigious and wide-ranging. The process, after all, encompasses a plurality of phenomena. Consider, for instance, the following: the US$1.5 trillion turned over per day in foreign exchange; the size and power of many large multinational corporations; the new technologies such as the Internet which spell the ‘death of distance’,1 recomposing communities and identity and providing the possibility of a new public sphere; the emergence of a new system of global governance, with local bodies, non-governmental organizations, multinational corporations, transnational global bodies and treaties reconfiguring the nature of rule, and perhaps making the state more of a ‘strategic actor’2 rather than a prime political mover; a new polarization of wealth, with the three richest people in the world controlling more assets than the 600 million people in the 48 less developed countries; the development of a new international division of labour, and the transformation of work, with its personal and social consequences;3 the spread of Western cultural products so that ‘America is everybody’s second culture’; the emergence of a global environmental commons in the face of a host of threatening ecological catastrophes;4 and the much talked of global scission between McWorld, on the one hand, and Jihad, on the other.


Political Theory Critical Theory Global Governance Social Democracy Global Order 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Patrick Hayden and Chamsy el-Ojeili 2005

Authors and Affiliations

  • Patrick Hayden
  • Chamsy el-Ojeili

There are no affiliations available

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