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      World Review of Political Economy

      Volume 6, Issue 3
       
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      The Anarchy of Globalization: Local and Global, Intended and Unintended Consequences

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      research-article
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      Publication date (Print):
      Journal: World Review of Political Economy
      Publisher: Pluto Journals
      Keywords: globalization, class, power, trade, economic development

            Abstract

            Globalization is full of contradictions, creating homogeneity alongside differentiation. Classes become more differentiated while products become more homogeneous. Globalization has stimulated growth in China, while it has contributed to dysfunctional financialization, which largely disregards the productive side of the economy. This article emphasizes globalization as a shift in power relations in which corporations require powers that would have been unimaginable a few decades ago, while government power is becoming restricted to the point that globalization is creating a form of unchecked corporate anarchy.

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            Author and article information

            Journal
            Journal ID (doi): 10.13169
            Journal ID (publisher-id): worlrevipoliecon
            Title: World Review of Political Economy
            Publisher: Pluto Journals
            ISSN (Print): 2042891X
            ISSN (Electronic): 20428928
            Publication date (Print): Fall 2015
            Volume: 6
            Issue: 3
            Pages: 352-374
            Article
            Publisher ID: worlrevipoliecon.6.3.0352
            DOI: 10.13169/worlrevipoliecon.6.3.0352
            SO-VID: dfd25fd2-aad3-4d37-a6a7-1dff170b2532
            Copyright © Copyright 2015 World Association for Political Economy
            License:

            All content is freely available without charge to users or their institutions. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission of the publisher or the author. Articles published in the journal are distributed under a http://creativecommons.org/licenses/by/4.0/.

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            Categories
            Subject: Articles

            ScienceOpen disciplines: Political economics
            Keywords: globalization,economic development,trade,power,class

            Notes

            1. See the part Die Fackel on the website of Wikiquote on Karl Kraus. https://en.wikiquote.org/wiki/Karl_Kraus.

            2. See the Official Woody Guthrie website, https://www.woodyguthrie.org/Lyrics/Pretty_Boy_Floyd.htm.

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