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Xue Han and Jorge Niosi
Edited by Gerald A. Epstein
Ainsley Elbra and Richard Eccleston
Blatant corporate tax avoidance has attracted the ire of politicians, citizens and consumers the world over in recent years. Since the financial crisis of 2008, international taxation has become a mainstream political issue championed by social justice campaigners and the progressive press the world over. Globally, governments and intergovernmental organisations have announced a range of reforms designed to ensure that MNCs pay their ‘fair share’ of tax, while some of the world’s most powerful and profitable firms have been subjected to multibillion-dollar fines.
Gerald A. Epstein
Many observers thought that the financial crisis of 2007–08 would be a watershed moment in global finance. They believed the crisis would demonstrate, once and for all, the instability and inefficiency of this hyper-speculative global financial system, and finally bring an end to the destructive “neoliberal moment” and its “Washington Consensus” dictates in domestic and global economic policy (see, for example, Blanchard, Dell’Ariccia and Mauro, 2010). But, something surprising happened to “neoliberal financialization” on the way to the “dustbin of history”: it escaped. Financial deregulation and “neoliberal” populism in finance are in the ascendant in the United States and elsewhere, and the bankers are laughing, well. . .all the way to the bank.1 To be sure, there are important cracks in the old free market consensus on international financial issues. These cracks are leading to what Ilene Grabel (Chapter 5, in this volume) calls “productive incoherence” in theory and practice, which is leading to important opportunities for policy change in some areas. But, in many other areas, the old theories and practices are being resurrected after near-death experiences in the period following the crisis.
Robert C. Kloosterman, Virginie Mamadouh and Pieter Terhorst
This chapter starts with a brief history of the concept ‘globalization’. It highlights the rather surprising rapid emergence of the concept in the 1990s when it acquired a very prominent status in both academic and public debates. After that, some of the many meanings of globalization are explored. More in particular, the focus is on the plurality of geographical expressions as well as of current geographical approaches to the manifold processes of globalization. The chapter argues that the spatial dimension – in marked contrast to the temporal dimension – has long been neglected in social sciences in general. Current processes of globalization require an a priori acknowledgment of the fundamental role of space as these processes may be articulated in very different ways in different places. Geographical approaches, characterized by a sensitivity to space, place and spatial scales, are highly relevant to understand processes of globalization.