Economic Globalization and Institutions of Global Governance

Economic globalization is reducing the significance of state boundaries. We have a global economy but lack the institutions necessary for a global polity. Unilateral action by a would–be hegemon is untenable in the long term and hence there is a need to discuss our institutions of global governance. The benefits and costs of globalization have been distributed asymmetrically, placing poor people in poor countries at a disadvantage, especially as regards the free movement of low–skilled labour and the creation of intellectual property rights. The World Trade Organization, a target of the critics of globalization, should be seen as a welcome extension of the rule of law to the international arena and a counterweight to unilateralism. More generally, global economic liberalism should be balanced by institutions which provide global public goods and international mechanisms to finance them. All of this implies a further weakening of state sovereignty and a need to ensure that global institutions are democratic and can be held accountable to people worldwide for their performance.     

Developing economies and the demographic and democratic imperatives of globalization

In the past decade the world economy has witnessed both great progress and great inequities resulting in part from the liberalization of markets-including capital markets-that has accompanied the process of globalization, and from the intense pace of technological change. This article highlights the need for individuals, organizations and governments to counterbalance the excesses and abuses of capitalist societies while at the same time noting the importance of ensuring environmental safeguards. It recognizes, however, that efforts must be directed at maintaining the dynamic momentum of globalization and of extending its benefits to greater numbers. For this to happen, there must first be a debate about globalization, focusing on how to intensify its pace and extending its benefits, as well as curbing its excesses. Second, intellectually robust coalitions must be created between business, NGOs, the academic community, the media and other interested parties, to put pressure on national governments in both developed and developing countries, and on international government institutions, to improve, intensify and extend the process of both political and economic liberalization.     

Tourist or vagabond?

Abstract

Poverty isn't an option for the poor so why should it be one for the Church? How do we relate to the experience of being poor in the UK, to the phenomenon of globalization which increasingly shapes all our experiences, and to the task of theological interpretation of the signs of the times? This article explores dimensions of poverty in the UK and in particular the phenomenon of the invisibility of the poor, offers some explanation as to why poverty has grown substantially in the UK over the past two decades and seeks to set this within the wider context of the debate about globalization and its victors and victims—the tourists and vagabonds. Finally, it suggests that much of what passes for modern theology is in fact a form of ‘tourist theology’ and explores ways of creating a new ‘vagabond theology’ for the twenty-first century.     

The Role of Networking in the New Political Economy of Regional Development

During the last 25 years there have been some fundamental changes to the international political economy. The decline of Fordism, globalization and technical innovations have altered the ways in which firms operate and interact with each other and other economic agents. Corporate strategy and organization and public policy have all been affected. Of particular relevance has been the development of a new form of governance viz. networking. Although often seen as a new phenomenon, it has in fact a long history going all the way back to Marshall. What is new however, are attempts by development agencies to capture the advantages presented by these externalities as a deliberate objective of regional development policy. This paper examines the case of Wales in some detail and concludes that although such a policy does work with the grain of modern political economy, it is only really scratching the surface of the problem and in fact contains an inherent contradiction in terms of market behaviour.     

Hierarchical Integration: The Dollar Economy and the Rupee Economy

While contemporary globalization makes the world more interconnected, it also reworks and builds on existing cleavages and uneven development. This is an under‐researched dimension of the emerging twenty‐first century international division of labour. The core question is whether new developments (associated with exports, offshoring and outsourcing) spin off to the majority in the countryside and the urban poor. This article examines the relationship between the dollar economy and the rupee economy in India. It documents the ways in which inequality is built into and sustains India's development. The authors discuss other instances of multi‐speed economies and analytics that seek to come to grips with these relations, from combined and uneven development to global value chains. They present three ways of capturing contemporary inequality: asymmetric inclusion, enlargement‐and‐containment and hierarchical integration, each of which captures different dimensions of inequality.     

Stewards of Virtue? The Ethical Dilemma of CSR in African Agriculture

In recent years companies have responded to increasingly powerful consumer politics by expanding the scope of corporate social responsibility (CSR) to include ethical trade. This article examines the ethic embedded in and promulgated through ethical trade by use of a case study of African agriculture. Building on recent conceptualizations of globalization, neoliberalism and anthropological analyses of the audit economy, the authors put forward three inter‐related arguments. First, that there is a clear, if largely unacknowledged, ethic that positions ethical trade as an inherently neo‐utilitarian response to the economic and political imperatives of globalization, with important implications for its intended beneficiaries in the South and advocates in the North. Second, that this ethic is at the core of a form of governmentality that advances the project of neoliberalism, not by force but rather through the technologies and embedded norms of voluntary regulation, resulting in a model of governance that is fundamentally constrained by structurally embedded limitations. And third, that attempts to remove these limitations may be less likely to achieve the democratic, empowering outcomes of ethical trade's proponents than to serve the interests of the internationally dispersed ‘stewards of virtue’ that grant ethical trade its legitimacy.     

Global Media Cities in a World-wide Urban Network

This article examines the link between cities and culture from the point of view of the production of cultural goods, including media products. It focuses on the institutional structure of present-day cultural production and the media industry and on their geographical organization at the local and global levels. The cultural economy is a prime mover for globalization processes in the urban system, in which cultural production clusters act as local nodes in the global networks of the large media groups. The models frequently used to analyse the global city system will be supplemented and partially modified by an empirical analysis of the 'world media cities'. The analysis of the world media cities enables those locations to be identified, from which globalization in the spheres of culture and the media proceeds and is 'produced' in practical terms. Global city research has predominantly emphasized the role of advanced producer services—in contrast this article concludes that for the process of globalization the globally operating media firms are at least as influential as the global providers of corporate services, because they create a cultural market space of global dimensions, on the basis of which the specialized global service providers can ensure the practical management of global production and market networks.     

区域生态经济规划若干问题研究

区域生态经济规划的研究工作在我国始于20世纪80年代,起步较晚,仍处于初级阶段。本文从规划的主要对象、指导思想、理论依据、追求目标、所处阶段等方面比较了区域生态经济规划的差异,指出区域生态经济规划必须遵循整体性、区域性、市场经济、技术进步与创新、三效益并重统一、以人为本等基本原则,论述了区域生态经济规划的基本内容和编制程序,最后对编制好区域生态经济规划提出了三条建议,即:①加强领导,组织强有力的规划队伍;②抓住关键问题,不要面面俱到;③因地制宜,从实际出发。     

Globalization and Virtuality: Analytical Problems Posed by the Contemporary Transformation of African Societies

In response to the need for further conceptual development in the field of anthropological globalization studies, this article concentrates on the concept of virtuality, arguing that this constitutes one of the key concepts for a characterization and understanding of the forms of globalization in Africa. The article first defines virtuality and globalization and provisionally indicates their theoretical relationship. The problematic heritage of a locality-obsessed anthropological tradition (as explored in the article) then provides the analytical framework within which virtuality makes an inspiring topic. The transition from theory to empirical case studies is made by examining the problem of meaning in the African urban environment. Finally, an ethnographic situation is invoked (urban puberty rites in present day Zambia) which illustrates particular forms of virtuality as part of the globalization process.     

The Informal Economy as a Site of Liquidity: Pakistan's Land Market

Based on extensive fieldwork, this article examines new informality in Pakistan's land market by which vacant plots of land are transacted informally between market actors in rapidly reversed short‐term holdings. The analysis pivots around the changing economic environment in Pakistan with the shift from heavy regulation of money and controlled pricing, to the liberalization of money and markets. The author explores how liquidity is taken up as a microeconomic strategy to protect against new financial risk in this environment, and how this is played out as a preference for informal transactions. These practices inform a case study that contributes to the established literature on the links between globalization and the informal economy by articulating a driver of growing informal transactions that is novel to the literature.     

Cosmos,chaos: finance,power and conflict

The article explores parallels between the fragility of globalization on the eve of the First World War, in the aftermath of the financial crisis of 1907, and today's crisis of globalization following the post‐2007 recession. The fragility and interconnectedness of the international economy in both cases could provide a basis for an economic–military strategy. The temptation of using economic connectedness as a substitute for conventional and costly military strategy makes this course particularly attractive to a hegemon—the UK then, the US now—that is facing powerful competition from rising powers (Germany and the US then, China now). The challengers are likely to find their own alternative strategy, and the result breeds uncertainty. In consequence, rule‐based international orders are generally strained by transitions of power, even though all the parties see the desirability and need for a common system of rules.     

GREEN GROWTH OR ECOLOGICAL COMMODIFICATION: DEBATING THE GREEN ECONOMY IN THE GLOBAL SOUTH

This article examines recent institutional thinking on the green economy and the implications of official understandings and structuration of a green economy for the global South. Assertions about the transformative potential of a green economy by many international actors conceals a complexity of problems, including the degree to which the green economy is still based on old fossil economies and technical fixes, and the processes through which the green economy ideation remains subject to Northern economic and technical dominance. The article places the intellectual roots of the green economy within a broader historical context and suggests some ways the strategic economic and ideological interests of the global North remain key drivers of green‐economy thinking. The analysis is substantiated through two illustrative Latin American examples: the Mesoamerican Biological Corridor and green economy initiatives in Brazil. These suggest that, if the green economy is to address global challenges effectively, it must be conceptualized as more than a bolt‐on to existing globalizing capitalism and encompass more critical understandings of the complex socio‐economic processes through which poverty is produced and reproduced and through which the global environment is being transformed, a critique which also applies to mainstream discourses of sustainable development.     

Economic Governance and the Evolution of Industrial Districts Under Globalization: The Case of Two Mature European Industrial Districts

For many mature European industrial districts, the present decade has been one of trying (and often failing) to meet the difficult challenges posed by the rising tide of globalization. The future of these districts in the new global economy has become a key issue for regional and local development policy, and, in this respect, it has sparked a renewed interest in economic governance. Economic governance is important in that it underpins a region's long-term economic development path. This article is a contribution to the study of the economic governance of industrial districts and the related policy debate. The article does so by specifically exploring the economic governance issue by considering the experiences and challenges currently facing two mature European industrial districts in the global economy.     

The cultural paradiplomacy of Barcelona since the 1980s: understanding transformations in local cultural paradiplomacy

This article seeks to explain the conditions for the emergence and institutionalization of the cultural paradiplomacy of the city of Barcelona and its local effects. The recognition of the city as an active participant on the international stage is based on its evolution from an industrial to a service economy. Against this backdrop, Barcelona’s city council, in common with many other city authorities operating in the world’s metropolises during the 1980s, initiated its own cultural paradiplomacy as a strategy for attracting capital and promoting local development. This policy became established as part of a new multilevel system of governance. This article analyzes the causes of the institutionalization of this activity from an intergovernmental perspective. It concludes that in the context of economic globalization, the emergence of cities’ cultural paradiplomacy is strongly related to the restructuring of the State and its external administration and to the intensification of the ‘cultural branding’ of cities as a tool for global competition.     

In the Shadow of Globalization: The European Community and the United States in the GATT Negotiations of the Tokyo Round (1973–1979)

This article explores the trade negotiations between the United States and the European Community in the Tokyo Round of General Agreement on Tariffs and Trade (GATT) negotiations, held in Geneva from 1973 to 1979. The article shows how the economic turbulence and the different domestic stances and policies toward the globalizing economy split the Western members of GATT into two camps. Countries, like France and the United Kingdom, less well equipped to face increased worldwide competition and the economic crisis were not keen on trade liberalization. Countries, like the United States and Germany, better equipped to face worldwide competition and in favour of policies that strengthened it, saw trade liberalization as the right path. Eventually, under US President Jimmy Carter's leadership and with the key support of Chancellor Helmut Schmidt, the results of the Round reflected a vote in favour of liberalizing international trade. Thus, the Round was shaped by the globalizing economy but, at the same time, its results gave further impetus to the globalization wave that would reach full swing in the 1980s–1990s. The GATT talks took place in the shadow of globalization: while attempting to govern the process, also built it up.     

西方经济地理学关于全球化经济的理论演化综述

清晰的理解全球化经济如何演化是一项非常紧迫和艰巨的任务。传统的经济地理学主要通过国际劳动分工理论解释全球化经济。但二十世纪九十年代以来的外购和及时生产等新的生产组织方式的出现,使得全球经济体系变得愈加复杂。西方经济地理学家开始将其他相关学科的理论和方法论(如资源基础理论、嵌入理论、行为者网络理论等),应用于全球化的研究中,构建了一些新的全球经济的分析框架,例如全球价值链、全球商品链和全球生产网络,体现了经济地理学新的发展方向-"关系"经济地理学。这些链/网络的分析框架在多学科领域引起强大的反响,使得西方经济地理学的学科地位得到很大提升。     

Brave new world

This article asks if China can develop a truly creative economy and follow the lead of South Korea, Japan, Hong Kong, Taiwan and Singapore. If the benefits flowing from the creative economy (and creative industries) are so strategic to government, we need to ask what impact this re‐evaluation of creativity will have on a country often identified as having an overly regulated cultural sector. While there is ample evidence to support the idea of a dormant and often parasitic cultural sector, this article points to some areas where creativity is emerging as inputs into production, distribution and consumption.     

The world in a nutshell: a historical archaeology of early modern entanglement in Scandinavia and India studied through the life course of the Danish nobleman Ove Gjedde, 1594–1660

SUMMARY: In 1620, the Danish colony of Tranquebar, on the Coromandel Coast in India, was founded by an expedition jointly mounted by the Danish Crown and the Danish East India Company, under the command of the Danish nobleman Ove Gjedde. Gjedde soon went back to Denmark, but the experiences gained in the colony proved important for his future career as a military man, civil servant and industrialist. The purpose of the article is to study the form of entanglement between people, places and things, provided through early modern globalization. This is done through a biographical analysis of the life, things and actions of, and related to, Ove Gjedde. The article suggests that the actions of Gjedde should be understood and interpreted in a global context showing the role of Scandinavia in early modern globalization. This study focuses on material culture as well as people in order to capture change, development and power relations between people and between people and things. The subjects and objects — human and non-human — are seen in this study as equally important in promoting change and development.     

Globalization in Solidarity

Abstract

Globalization is an economic, social, cultural, and political phenomenon. Considering globalization as evil in itself or as a panacea for all the problems is not realistic. In general, globalization is welcomed by the elite and the corporate sector in India, whereas the poor are generally against it. Considering the impact of globalization on economic life, culture, and the environment in India, this article tries to see why globalization needs to integrate the values of justice and solidarity if it really wants to facilitate true human development.

In spite of the advancement in technology, communication and trade, inequalities, exploitation, and corruption have increased in a globalized world. Economy needs ethics to function correctly. Globalization has an inherent tendency to bring homogeneity in socio-cultural and religious life. Consequently, the indigenous cultures feel threatened. Only by respecting the uniqueness of cultures, globalization can strengthen cultures through healthy dialogue rooted in solidarity. Another important aspect of solidarity is solidarity with nature. To enhance real human development, globalization should safeguard ecology, discerning the needs of the present generation, as well as future generations.

Globalization is not first all about money, market, or competition, but about people and their interconnectedness. Economic prosperity, if it does not ensure justice to all, will not lead to long-lasting peace and development. Justice is rooted in love and solidarity with all.     

Globalization,empire and natural law

Three controversial concepts are central to discussion on how international order originates, how it operates, and ultimately how we should respect it: globalization, empire and natural law. Each of these is examined in turn in this article. The currently prevalent way of thinking about globalization simply as a system of inter‐connections, of processes and networks that span national and cultural boundaries is likely to produce anti‐globalization backlashes. Many people reach the conclusion that global rules are simply a euphemism for some sort of imperial or neo‐imperial rule. Consequently, there is an increasingly intense discussion of the role of force and power in a global order. This article suggests an alternative mechanism for creating global order. The power of globalization rests not simply on material prosperity, but on the ability to communicate and share ideas as well as goods across large geographical and cultural distances. Natural law theories suggest that a sustained dialogue between apparently rival traditions of thinking can lead to agreement on shared norms and values.