Globalization, Social Capital and Inequality

Globalization, Social Capital and Inequality

Contested Concepts, Contested Experiences

Edited by Wilfred Dolfsma and Charlie Dannreuther

This volume investigates the relationship between globalization, inequality and social capital, and reveals that although strongly related, these ideas are also highly contested. The authors elucidate the interactions between these concepts, looking in detail at the conflicts and competitiveness which can arise at both the national and organizational level.

Chapter 1: The possibility of deglobalization

Lord Meghnad Desai

Subjects: economics and finance, institutional economics


Lord Meghnad Desai INTRODUCTION Globalization (G) and all that it entails has led to a large and continuing controversy. The many issues that have been raised can be listed here only briefly: a. Is G a new phenomenon or merely a repeat of the late 19th century pattern? Can we even say that G is a fact or that inter-nationalization is still the norm and G is just an overhyped concept?1 b. Has G made territorial borders irrelevant, has it made the territorial (nation) state powerless or has it enhanced national and religious conflicts (fundamentalism) and hardened state boundaries?2 c. Is G a Western/MNC-run operation to reinforce the present inequitable divisions in the world or is it a self-organizing process which no one controls and of which all are victims or beneficiaries at various times?3 d. Is G an impossible utopian experiment to run the world on the basis of a free market system bound to be ruinous or is it a liberalizing, freedomenhancing affirmation of the merits of private property and the market?4 e. Has the impact of G been positive or negative on work opportunities, income growth and environment and in terms of countries and ethnic groups - who has gained and who has lost?5 f. Is culture being homogenized and trivialized or is the full diversity of all cultures becoming available across the globe due to the diasporas spreading everywhere? I could list many more issues on each of which the opinion...

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