The provides expert opinion and analysis on the global crises in finance, development and environment. GDAE and partners launched the blog in February of 2010. Globalization Researchers Timothy A. Wise and Lyuba Zarsky are contributors to the Triple Crisis Blog. Read the most recent posts:
In the twentieth century, the world-system reached its geographic limit with the extension of capitalist markets and the state system to all regions. It also witnessed the rise of the United States as a hegemonic power-one that has seen its relative economic and political strength diminished since the last years of the Cold War. Newly independent states and communist regimes challenged core control throughout the century, and some formerly peripheral countries improved their economic status, but none of this shook the premises of a system that in fact was becoming more economically polarized. The nineteenth-century ideology of reform-oriented liberalism, which held out the hope of equal individual rights and economic advancement for all within states, became dominant in the twentieth but lost influence after 1968. Such twentieth-century developments set the stage for what Wallerstein calls a period of transition. New crises of contraction can no longer be solved by exploiting new markets; economic decline will stimulate struggle in the core; challenges to core dominance will gather strength in the absence of a strong hegemonic power and a globally accepted ideology; polarization will push the system to the breaking point. While this chaotic transition may not produce a more equal and democratic world, it does spell the end of capitalist globalization.
Globalization and the development of …
The modern world-system originated around 1500. In parts of western Europe, a long-term crisis of feudalism gave way to technological innovation and the rise of market institutions. Advances in production and incentives for long-distance trade stimulated Europeans to reach other parts of the globe. Superior military strength and means of transportation enabled them to establish economic ties with other regions that favored the accumulation of wealth in the European core. During the "long sixteenth century," Europeans thus established an occupational and geographic division of labor in which capital-intensive production was reserved for core countries while peripheral areas provided low-skill labor and raw materials. The unequal relationship between European core and non-European periphery inevitably generated unequal development. Some regions in the "semiperiphery" moderated this inequality by serving as a buffer. States also played a crucial role in maintaining the hierarchical structure, since they helped to direct profits to monopoly producers in the core and protected the overall capitalist economy (e.g., by enforcing property rights and guarding trade routes). At any one time, a particular state could have hegemonic influence as the technological and military leader, but no single state could dominate the system: it is a world economy in which states are bound to compete. While the Europeans started with only small advantages, they exploited these to reshape the world in their capitalist image. The world as a whole is now devoted to endless accumulation and profit-seeking on the basis of exchange in a market that treats goods and labor alike as commodities.
Globalisation and Development Studies | Maastricht …
, Timothy A. Wise and Kristin Sundell, ActionAid Report, September 2013.
This report is based on the GDAE working paper "," which reviews the economic forecasting that fuels the alarmist notion that global hunger is the result of flagging food production amid looming resource constraints, and presents alternative modeling that can add useful insights.
See the related GDAE Globalization Commentaries "" by Timothy A. Wise and Marie Brill and
MSc Globalisation and Development at SOAS …
This current wave of globalization has been driven by policies that have opened economies domestically and internationally. In the years since the Second World War, and especially during the past two decades, many governments have adopted free-market economic systems, vastly increasing their own productive potential and creating myriad new opportunities for international trade and investment. Governments also have negotiated dramatic reductions in barriers to commerce and have established international agreements to promote trade in goods, services, and investment. Taking advantage of new opportunities in foreign markets, corporations have built foreign factories and established production and marketing arrangements with foreign partners. A defining feature of globalization, therefore, is an international industrial and financial business structure.
globalization and its social-cultural-political and economic ..
For instance, at an economic level, these factors include changes in trade relations; changes in banking and credit processes; changes in the factors of production that have led to the rise of new "Post-Fordist" industries; ); the presence of global corporations not tied to any national base or boundary; the mobility of labor and the mobility of companies; new technologies; and new patterns of consumption along with new advertising and marketing strategies. These broader economic effects of globalization tend to force national educational policies into a neoliberal framework that emphasizes lower taxes; shrinking the state sector and "doing more with less"; promoting market approaches to school choice (particularly vouchers); rational management of school organizations; performance assessment (testing); and deregulation in order to encourage new providers (including online providers) of educational services.