A Critical Rewriting of Global Political Economy: by V. Spi Peterson

By V. Spi Peterson

Relocating past a slim definition of economics, this pioneering booklet advances our wisdom of world political economic climate and the way we'd significantly reply to it.V. Spike Peterson basically exhibits how key gains of the worldwide economic climate more and more make sure daily lives all over the world. the 1st is explosive progress in monetary markets that form enterprise decision-making and public policy-making, and the second one is dramatic development in casual and versatile paintings preparations that form income-generation and family members wellness. those advancements, notwithstanding well known, are hardly analyzed as inextricable and interacting dimensions of globalization. utilizing a brand new theoretical version, Peterson demonstrates the interdependence of reproductive, efficient and digital economies and analyzes inequalities of race, gender, category and kingdom as structural positive aspects of neoliberal globalization. offering a methodologically plural, cross-disciplinary and well-documented account of globalization, the writer integrates marginalized and disparate good points of globalization to supply an obtainable narrative from a postcolonial feminist vantage aspect.

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Additional info for A Critical Rewriting of Global Political Economy: Integrating Reproductive, Productive and Virtual Economies (Routledge Ripe Studies in Global Political Economy)

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Patterns in how social movements are inflected by ethnicity/race are complicated. Ethnic/racially based nationalist movements continue, and are dominated by male leadership. Struggles against ethnic/race hatred continue within some countries but are less visible at the global level. Moreover, the demonization of ethnic and racialized groups appears to be increasing, for example in anti-Islamic and anti-immigrant Context and objectives 11 movements. Mazrui (1994) notes increasing expressions of overt racism in the north and wonders whether the end of the Cold War ushered in “pan-Caucasianism” and a new phase of global racism.

The third position encompasses critics of globalization who are also critics of neoclassical economics. Because they variously challenge the game and its foundational assumptions, their concerns and critiques overlap with but extend beyond earlier points. 8 “Corrective” and transformative recommendations are equally wide-ranging, as they are not bound by reference to neoclassical or neoliberal premises. Hence, these critics urge not only adjustments to soften immediate damage but argue variously for different premises, different rules, and even a fundamentally different game.

Neoliberalism as the global regime – embodied in the formidable “rule setting” power of the International Monetary Fund (IMF), World Bank, World Trade Organization (WTO) – has favored further concentration of class advantages. Initially in developing countries through structural adjustment policies, and increasingly in developed countries, neoliberal reforms have constrained redistributive efforts and imposed tight fiscal policies without, however, clamping down on “what in effect amounts to tax evasion by the wealthy through offshore finance facilities” (Scholte 2000, 241).

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