Globalization: Neoliberal Challenge, Radical Responses (IIRE by Robert Went

By Robert Went

In transparent and concise phrases, Robert Went demythologises globalization. He refutes the parable that globalization is a wholly new phenomenon and that it's an unavoidable strategy. whereas recognising that it poses severe strategic demanding situations to the Left, he argues that those demanding situations aren't insurmountable and that there's wish for advocating genuine change.Went places globalization into its old point of view. He exhibits that there's no alternative of returning to the postwar mode of growth, yet that the present pattern has to be altered. If now not, he warns of better social inequality, levelling of wages, worsening of operating stipulations, life-threatening ecological deterioration and a pervasive dictatorship of the marketplace. To strive against this rampant globalization, Went demanding situations the Left to rebuild its personal circulation and provide up a reputable alternative.From studies of the Dutch and German edition‘Every type of reader will locate in Went an writer who knows the paintings of writing very sincerely and accessibly for a wide public’. Het Financiele Dagblad (Amsterdam), 14 March 1996 (The Dutch 'Financial Times')‘This sober research of the globalization phenomenon is especially obtainable and easily written’. Financieel-Economische Tijd (Brussels), 20 April 1996'(Went's) maximum benefit is that he proves at the one hand that globalization isn't really storming forward as speedy as many might have us think; and nevertheless he indicates that fab societal alterations are taking place’. Onze Wereld (Amsterdam), June 1996 (one of the most Dutch 3rd global harmony magazines).

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This hardly rosy picture became still more disheartening when income and wealth distribution was examined: The big story of the world economy since the early 1980s has been the unleashing of market forces … The ‘invisible hand’ now operates globally and with fewer countervailing pressures from governments than for decades. Many commentators are optimistic about the prospects for faster growth and for convergence of incomes and living standards which greater global competition should bring. However, there is also another big story.

Established interests and mainstream policymakers and their advisers only want to make liberalised financial makers safer for investors and speculators. They certainly do not want to see any alteration in the world economy’s hegemonic logic and machinery. The Down Side Environmental groups and radical left organisations in the EU who opposed the Maastricht Treaty for social or ecological reasons, or those in non-member states who have campaigned against joining the EU, have discovered that many people’s first associations with increased European integration are positive.

2 their headquarters in the EU, 29 in the US and 16 in Japan. Most subsidiaries of multinationals are in other developed countries. • Between 85 and 90 per cent of high-tech products with a high added value are produced and consumed in the Triad, while the New Industrialising Countries (NICs) account for most of the rest. • Of the registered patents, 85 per cent in the 1980s were registered in five countries: the US, Japan, Germany, Britain and France. Multinationals still do most of their research and development in their mother countries.

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