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Essay on global capitalism | ||
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This is the first 1,000 characters of 1067 words (4.27 pages) in the essay titled global capitalism Globalization is a term that has come to be used in recent years increasingly frequently and, arguably, increasingly loosely. In a close analysis of the term, the author focuses on the concept of globalization as the transcendence (rather than the mere crossing or opening) of borders arguing that this interpretation offers the most distinctive and helpful insight into contemporary world affairs. The article goes on to explore one of the key questions raised by this trend, namely how the growth of supraterritorial space has altered capitalism in general, and the role of the state within capitalism in particular. The author concludes by suggesting that globalization poses a threat, it is not (as is often argued) to the state itself, but rather to democracyA number of commentators on globalization have recently speculated that the logic of modern economic development is making the state redundant.* The argument is hardly new. Early in the twentieth century both Leninists and certain liberal internationalists forecast the demise of the state. Functionalist theories of international integration reiterated the prediction in mid-century while some versions of what was called transnationalism recycled the argument in the 1970s. In the latest revival, several best-selling management consultants of the 1990s have suggested that, with the contemporary advance of globalization, the state has seen its day.1 In a similar vein, various public policy analysts have proposed that global ... |
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Keywords: globalization, global capitalism, international relations theory, insistent, transnationalism, borders, public policy analysts, paul hirst, realist tradition, 1990s, crucial, provoked, transcendence, grahame thompson, international integration, functionalist, contemporary world, mid century, global companies, world affairs