By Ngaire Woods
Essays compiled through editors Andrew Hurrell and Ngaire Woods research globalization's present inequalities and customers for destiny justice and injustice. each one choice seems at a special element of those concerns, with individuals essentially reviewing historical past, studying every one subject, and averting challenging prescriptions. the place they do provide proposals, the information are conscientiously reasoned, modest, and sensible. Many chapters' suggestions overlap, emphasizing the interconnections between those matters. The writing varies from effortless to educational, however the e-book is readable, avoids jargon, and argues basically. Copious endnotes aid the reader locate additional information. We [...] suggest this publication to these attracted to foreign monetary and alternate coverage, financial and social justice, foreign guidelines, and the recent worldwide economy's altering strength constructions.
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Extra info for Inequality, Globalization, and World Politics
Example text
Neo-liberals rejected the notion that unequal outcomes are unjust in the world economy, on the assumption that equality of opportunity exists. Yet the evidence shows that equal opportunity in the international economy does not exist. Furthermore, the fact that so many barriers remain highlights the costs to developing countries of their political inequality in international relations. Most developing countries have not participated in setting the rules of global trade or investment or the like, and in various groupings they suffer from unevenly and unfairly drawn regulations.
THE CONCEPTS 'Globalization' can be defined as the growth, or more precisely the accelerated growth, of economic activity that spans politically defined national and regional boundaries. It finds expression in greater cross-border movement (for a given level of domestic activity) of tangible and intangible goods and services, including ownership rights, via trade and investment, and often of people, via migration. g. ). But globalization is driven 38 CHARLES OMAN by the actions of individual actors—firms, banks, people—usually in the pursuit of profit, and often spurred by the pressures of competition.
THE IMPACT OF GLOBALIZATION In the market-based economists' account, globalization opens up opportunities and advantages to all states. Yet the existing evidence highlights that the process is a much more uneven one than the theory suggests. Globalization describes dramatic changes in the transactions and interactions taking place among states, firms, and peoples in the world. It describes both an increase in cross-border transactions of goods and services, and an increase in the flow of images, ideas, people, and behaviour.
