The Handbook of Globalisation, Third Edition
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The Handbook of Globalisation, Third Edition

Edited by Jonathan Michie

The past 30 years are often depicted as an era of globalisation, and even more so with the recent rise of global giants such as Google and Amazon. This updated and revised edition of The Handbook of Globalisation offers novel insights into the rapid changes our world is facing, and how best we can handle them.
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Chapter 4: Measures of globalisation and their misinterpretation

Bob Sutcliffe and Andrew Glyn

Abstract

Almost everybody seems to believe that globalisation is happening at a headlong pace, and is the defining characteristic of contemporary capitalism. Some like it; others see it as the source of all evil. But most see it as both unprecedented and irresistible. In an earlier paper we analysed indicators of economic internationalisation in their historical perspective and found reason for serious scepticism with regard to the image of world capitalism presented by those who believe that it has been unprecedentedly transformed by globalisation; similar points have been made by a variety of authors from various perspectives. This chapter seeks to reinforce this ‘globalo-scepticism’, paying particular attention to why different statistical measures of recent trends suggest alternative conclusions and to which of them are the most meaningful.

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