Skip to main content
SpringerLink
Log in

Dynamics of Twenty-first-Century Globalization: New Trends in Global Political Economy

  • Chapter
Globalization in the 21st Century

  • 791 Accesses

Abstract

The twenty-first-century momentum of globalization is markedly different from twentieth-century globalization and involves a new geography of trade, weaker hegemony, and growing multipolar it y. This presents major questions. Is the rise of East Asia, China, and India just another episode in the rise and decline of nations, another reshuffling of capitalism, a relocation of accumulation centers without affecting the logics of accumulation? Does it advance, sustain, or halt neoliberalism? The rise of Asia is codependent with neoliberal globalization and yet unfolds outside the neoliberal mold. What is the relationship between zones of accumulation and modes of regulation? What are the ramifications for global inequality? The first part of this chapter discusses trends in trade, finance, international institutions, hegemony and inequality, and social struggle.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 39.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Agtmael, Antoine van. 2007. The Emerging Markets Century. New York: The Free Press.

    Google Scholar 

  • Becker, E. and E. L. Andrews. 2004. “IMF Says Rise in U.S. Debts is Threat to World Economy,” New York Times, August 1.

    Google Scholar 

  • Bello, Waiden. 2003. Deglobalization: Ideas for a New World Economy. London: Zed.

    Google Scholar 

  • Bello, W-, N. Bullard, and K. Malhotra, eds. 2000. Global Finance: New Thinking On Regulating Speculative Capital Markets. London: Zed.

    Google Scholar 

  • Bradsher, Keith. 2006. “From The Silk Road to the Superhighway, All Coin Leads to China,” New York Times, February 26: WK4.

    Google Scholar 

  • Buckler, William A. M. 2005. “Global Report,” Privateer, 518, January: 1–12.

    Google Scholar 

  • Crook, Clive. 2009. “Strike Faster on Death-Wish Finance.” Financial Times, March 23: 7 Davis, Mike.

    Google Scholar 

  • Crook, Clive. 2005. Planet of Slums. London: Verso.

    Google Scholar 

  • Dawar, Niraj. 2005. “Prepare Now for a Sino-Indian Trade Boom,” Financial Times, October 31: 11.

    Google Scholar 

  • Duménil, G. and D. Lévy. 2001. “Costs and Benefits of Neoliberalism: A Class Analysis,” Review of International Political Economy 8, 4: 578–607.

    Article  Google Scholar 

  • Ferguson, James. 1999. Expectations of Modernity. Berkeley: University of California Press.

    Google Scholar 

  • Ford, Glyn. 2005. “Forging an Alternative to US Hegemony,” Japan Times, February 7.

    Google Scholar 

  • Frank, A. G. 1998. Re Orient: Global Economy in the Asian Age. Berkeley: University of California Press.

    Google Scholar 

  • Friedman, Thomas L. 2005. The World is Flat. New York: Farrar Straus and Giroux.

    Google Scholar 

  • Gittings, John. 2005. The Changing Face of China: From Mao to Market. Oxford: Oxford University Press.

    Google Scholar 

  • Glyn, Andrew. 2006. “Finance’s Relentless Rise Threatens Economic Stability,” Financial Times, April 27: 13.

    Google Scholar 

  • Gosh, Parthya S. 2006. “Beyond the Rhetoric,” Frontline, October 6: 7–9.

    Google Scholar 

  • Guha, Krishna. 2007. “IMF Warns of Risk to Global Growth,” Financial Times, August 22: 3.

    Google Scholar 

  • Guha, Krishna. 2009. “Imbalances Imply a Trouble Well Beyond Risky Banking,” Financial Times, March 10: 9.

    Google Scholar 

  • Guthrie, Doug. 2006. China and Globalization: the Social, Economic and Political Transformation of Chinese Society. New York: Routledge.

    Google Scholar 

  • Hobson, John M. 2004. The Eastern Origins of Western Civilization. Cambridge: Cambridge University Press.

    Book  Google Scholar 

  • Holstein, William J. 2005. “Erasing the Image of the Ugly American,” New York Times, October 23: B9.

    Google Scholar 

  • Jackson, Tony. 2009. “No Return To Playing The Tables,” Financial Times, April 6, 2009: 17.

    Google Scholar 

  • Johnson, Jo. 2006. “Insurgency in India—How the Maoist Threat Reaches Beyond Nepal,” Financial Times, April 26: 13.

    Google Scholar 

  • Johnson, Steve. 2005. “Indian and Chinese Banks Pulling Out of Ailing U.S. Dollar,” Financial Times, March 7.

    Google Scholar 

  • Kennedy, Paul. 2001. “Maintaining American Power: From Injury to Recovery,” in S. Talbott and N. Chanda, eds, The Age of Terror: America and the World After September 11. New York: Basic Books, 53–80.

    Google Scholar 

  • Krishna, Anirudh and J. Nederveen Pieterse. 2008. “Hierarchical Integration: The Dollar Economy and the Rupee Economy in India,” Development and Change 39, 2: 219–237.

    Article  Google Scholar 

  • Lim, Hyun-Chin and Jin-Ho Jang. 2006. “Neoliberalism in Post-Crisis South Korea,” Journal of Contemporary Asia 36, 4: 442–463.

    Article  Google Scholar 

  • Lind, Michael. 2005. “How the U.S. Became the World’s Dispensable Nation,” Financial Times, January 26.

    Google Scholar 

  • Magnus, G. 2006. “The New Reserves of Economic Power,” Financial Times, August 22: 11.

    Google Scholar 

  • Mahadevia, D. 2006. Shanghaing Mumbai: Visions, Displacements and Politics of a Globalizing City. Ahmedabad: Centre for Development Alternatives.

    Google Scholar 

  • Marber, Peter. 1998. From Third World to World Class: The Future of Emerging Markets in the Global Economy. Reading, MA: Perseus.

    Google Scholar 

  • McGregor, Richard. 2006. “Pressure Mounts on China Forex Management,” Financial Times, November 28: 6.

    Google Scholar 

  • McKenna, Barrie. 2005. “With Friends like the IMF and the World Bank, Who Needs Loans,” Globe and Mail, August 16: Bll.

    Google Scholar 

  • Mearsheimer, John and Stephen Walt. 2006. “The Israel Lobby,” London Review of Books, March 23, 3–12.

    Google Scholar 

  • Nederveen Pieterse, J. 2000. “Shaping Globalization,” inj. Nederveen Pieterse, ed. Global Futures: Shaping Globalization. London, Zed Books, 1–19.

    Google Scholar 

  • Nederveen Pieterse, J. 2004a. Globalization or Empire? New York: Routledge.

    Google Scholar 

  • Nederveen Pieterse, J. 2004b. “Towards Global Democratization: To WTO or not to WTO?” Development and Change 35, 5: 1057–1063.

    Article  Google Scholar 

  • Nederveen Pieterse, J. 2006. “Oriental Globalization: Past and Present,” in G. Delanty, ed. Europe and Asia Beyond East and West: Towards a New Cosmopolitanism. London: Routledge, 61–73.

    Google Scholar 

  • Nederveen Pieterse, J. 2007. Ethnicities and Global Multiculture: Pants for an Octopus. Lanham, MD: Rowman & Littlefield.

    Google Scholar 

  • Nederveen Pieterse, J. 2008. Is There Hope for Uncle Sam? Beyond the American Bubble. London: Zed.

    Google Scholar 

  • Parker, G. and A. Beattie. 2006. “Chinese Lenders ‘Undercutting’ on Africa Loans,” Financial Times, November 29: 3.

    Google Scholar 

  • Peel, Quentin. 2005. “The South’s Rise is Hindered at Home,” Financial Times, November 17: 17.

    Google Scholar 

  • Petras, James. 2006. The Power of Israel in the United States. Atlanta, GA: Clarity Press.

    Google Scholar 

  • Plender, John. 2009. “The Financial Sector Is Far From Being A Busted Flush,” Financial Times, March 18: 22.

    Google Scholar 

  • Prestowitz, Clyde. 2005. Three BillionNew Capitalists: the Great Shift of Wealth and Power to the East. New York: Basic Books.

    Google Scholar 

  • Ramo, Joshua Cooper. 2004. The Beijing Consensus. London: Foreign Policy Centre.

    Google Scholar 

  • Reifer, T. E. 2005. “Globalization, Democratization, and Global Elite Formation in Hegemonic Cycles: A Geopolitical Economy,” inj. Friedman and C. Chase-Dunn, eds. Hegemonic Declines: Past and Present. Boulder, CO: Paradigm.

    Google Scholar 

  • Rodrik, Dani. 2004. “Globalization and Growth—Looking in the Wrong Places,” Journal of Policy Modeling, 26: 513–517.

    Article  Google Scholar 

  • Rosenau, J. N. 1999. “The Future of Politics,” Futures 31, 9–10: 1005–1016.

    Google Scholar 

  • Sainath, P. 1996. Everybody Loves a Good Drought. New Delhi: Penguin.

    Google Scholar 

  • Sassen, Saskia. 2009. “Too Big To Save: The End of Financial Capitalism.” Open Democracy News Analysis, April 2.

    Google Scholar 

  • Stephens, Philip. 2009. “A Summit Success That Reflects a Different Global Landscape.” Financial Times, April 3: 9.

    Google Scholar 

  • Tejpal, Tarun J. 2006. “India’s Future, Beyond Dogma,” Tehelka, The People’s Paper, 25 November: 3.

    Google Scholar 

  • Timmons, H. 2006. “Asia Finding Rich Partners in Middle East,” New York Times, December 1: Cl-5.

    Google Scholar 

  • Traub, J. 2006. “The World According to China,” New York Times Magazine, September 3: 24–29.

    Google Scholar 

  • Tucker, S. 2007. “Asia Seeks its Centre,” Financial Times, July 6: 7.

    Google Scholar 

  • Vatikiotis, Michael. 2005. “Why the Middle East is Turning to Asia,” International Herald Tribune, June 24.

    Google Scholar 

  • Weitzman, Hal. 2005. “Peru Takes Faltering Steps in Bid to Win China prize,” Financial Times, May 30.

    Google Scholar 

  • Whelan, Caroline. 2004. “Developing Countries’ Economic Clout Grows,” International Herald Tribune, July 10–11: 15.

    Google Scholar 

  • Williams, Ian. 2004. “The Real National Security Threat: the Bush Economy,” AlterNet, January 13.

    Google Scholar 

  • Wolfe, Adam. 2005. “The ‘Great Game’ Heats Up in Central Asia,” Power and Interest News Report, August 3.

    Google Scholar 

Download references

Authors
  1. Jan Nederveen Pieterse
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Berch Berberoglu

Copyright information

© 2010 Berch Berberoglu

About this chapter

Cite this chapter

Pieterse, J.N. (2010). Dynamics of Twenty-first-Century Globalization: New Trends in Global Political Economy. In: Berberoglu, B. (eds) Globalization in the 21st Century. Palgrave Macmillan, New York. https://doi.org/10.1057/9780230106390_2

Download citation

Publish with us

Policies and ethics

Search

Navigation