By Robert Went
Globalization is theorized during this publication as an rising new level of capitalism. Robert Went takes us on a trip from the historic roots of globalization via to its relevance within the glossy day.The Enigma of Globalization is a well timed addition to a big debate and covers such subject matters as:* foreign alternate* loose alternate and overseas flow of capital* The function of the realm economyThis obtainable and exciting e-book is a needs to, not just for college students and teachers operating within the box, yet also will end up an engaging learn for all people with a basic curiosity within the glossy worldwide political economic climate.
Read or Download Enigma of Globalization: A Journey to a New State of Capitalism (Routledge Frontiers Ofpolitical Economy, 43) PDF
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Additional info for Enigma of Globalization: A Journey to a New State of Capitalism (Routledge Frontiers Ofpolitical Economy, 43)
Do not allow yourselves to be deluded by the abstract word freedom. Whose freedom? It is not the freedom of one individual in relation to another, but the freedom of capital to crush the worker. (Marx, 1848: 250–251) Before he arrived at this conclusion, Marx discussed the arguments that were being used in the major political fight of that time over the Corn Laws. As Parry and Steiner (1998: xiv) note the repeal of these laws in 1846 ‘was an event of enormous significance in the history of international trade, in the development of institutions of international regulation, in the realignment of political parties and interests in Britain, and in the emergence of new modes of political action ( .
All the destructive phenomena which unlimited competition gives rise to within one country are reproduced in more gigantic proportions on the world market. 25 For Marx in that particular historical period free trade was to be preferred over protectionism for one reason: because he expected such a policy to facilitate the replacement of capitalism by socialism. ’ While List emphasized the specific place and role of nations and their conflicts, Marx focused on the divergent consequences of free trade for different social classes and their struggles.
He went one step further than Smith, because he took the fact into consideration that productivity levels differ from one country to the next. By incorporating that aspect in his argument Ricardo succeeded even better than Smith in showing that free trade is in the interest of every country, because there is always something that can be traded. Both Smith and Ricardo propagated free trade, not for general cosmopolitan or altruistic reasons, but because they considered the extension of international exchange of goods to be more in the interest of nations than protectionism.