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Globalization and its Discontents

  • Fred Halliday

Abstract

Globalization has become from the early 1990s onwards the central topic of debate in social science and in much public debate, in both developed and developing societies. That something momentous and far-reaching is going on is indisputable even if its likely end state is not yet possible to discern. There is, however, a need, in the bacchanalian whirl of generalization and meta-historical claim which has masked discussion of globalization, for conceptual precision both about what the term is supposed to mean and about what it is that is being globalized. More caution than has often been evident is also required about mixing into one supposedly unified process what are often distinct developments, to leave open how far the different elements of globalization are indeed connected. Changes in family structure, or the rise and fall of secular ideas, or the spread of fast food, are not necessarily related to trade liberalization or the Internet; the collapse of communism was only partially related to the processes known as globalization, even though the two processes coincided in the late 1980s and early l990s; the rise of ethnic and nationalist protest movements, and the cult of identity, may be seen equally as a revolt against globalization and a component of it.

Keywords

Foreign Direct Investment World Economy Trade Liberalization Multinational Corporation Secular Idea 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

  1. 1.
    Amidst a vast literature I have drawn in particular on Paul Hirst and Graham Thompson, Globalisation in Question, The International Economy and the Possibilities of Governance (Cambridge: Polity Press, 1996);Google Scholar
  2. Harry Gelber, Sovereignty Through Interdependence (London: Kluwer, 1997);Google Scholar
  3. David Held, Anthony McGrew, David Goldblatt and Jonathan Perraton, Global Transformations (Cambridge: Polity Press, 1999);Google Scholar
  4. Anthony Giddens, Runaway World (London: Profile Books, 1999);Google Scholar
  5. Jan Aart Scholte, Globalization, A Critical Introduction (London: Macmillan, 2000.)Google Scholar
  6. 5.
    Paul Krugman, The Return of Depression Economics (London: Allen Lane, 1999).Google Scholar
  7. 6.
    The World Bank, World Development Report 1999/2000 (Oxford: Oxford University Press, 1999, p. 9).Google Scholar
  8. 7.
    Robert Shiller, Irrational Exuberance (Princeton: Princeton University Press, 2000).Google Scholar
  9. 10.
    Karl Polanyi, The Great Transformation (Boston: Beacon Press, 1957).Google Scholar

Copyright information

© Fred Halliday 2001

Authors and Affiliations

  • Fred Halliday

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