By Robert Went
Globalization is theorized during this e-book as an rising new degree of capitalism. Robert Went takes us on a trip from the ancient 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 topics as:* overseas alternate* unfastened alternate and overseas flow of capital* The function of the area economyThis available and interesting publication is a needs to, not just for college kids and teachers operating within the box, yet also will turn out an enticing learn for all people with a common curiosity within the sleek international political economic climate.
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Extra info for Enigma of Globalization: A Journey to a New State of Capitalism (Routledge Frontiers Ofpolitical Economy, 43)
Sample text
28 Bhagwati explicitly argues that the increased internationalization and interdependence of economies in this era of globalization in no way lessens the fundamental importance of comparative advantage theory. ’ Today’s comparative advantage is kaleidoscopic, Bhagwati argues, because ‘firms are increasingly tempted to look over their foreign rivals’ shoulders to see if differences in their domestic policies and institutions are giving them that fatal extra edge in competition which then amounts to unfair trade.
Between the attitudes of the two schools toward the ‘economic man’ ( . .
That, however, under the existing conditions of the world, the result of general free trade would not be a universal The theory of free trade 21 republic, but, on the contrary, a universal subjection of the less advanced nations to the supremacy of the predominant manufacturing, commercial, and naval power, is a conclusion for which the reasons are very strong and, according to our view, irrefragable. 17 In an earlier work, List (1837: 70) had already commented: ‘The cosmopolitan theorists do not question the importance of industrial expansion.