By V. Spi Peterson

ISBN-10: 0415314399

ISBN-13: 9780415314398

Relocating past a slim definition of economics, this pioneering publication advances our wisdom of worldwide political economic climate and the way we'd severely reply to it.V. Spike Peterson truly indicates how key positive aspects of the worldwide economic system more and more confirm daily lives around the world. the 1st is explosive progress in monetary markets that form enterprise decision-making and public policy-making, and the second one is dramatic development in casual and versatile paintings preparations that form income-generation and relations health. those advancements, although well known, are infrequently analyzed as inextricable and interacting dimensions of globalization. utilizing a brand new theoretical version, Peterson demonstrates the interdependence of reproductive, efficient and digital economies and analyzes inequalities of race, gender, type and country as structural gains of neoliberal globalization. proposing a methodologically plural, cross-disciplinary and well-documented account of globalization, the writer integrates marginalized and disparate positive factors of globalization to supply an obtainable narrative from a postcolonial feminist vantage aspect.

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Additional info for A Critical Rewriting of Global Political Economy: Integrating Reproductive, Productive and Virtual Economies (Routledge Ripe Studies in Global Political Economy)

Sample text

Moreover, my earlier discussion suggested the primary assumptions of neoliberalism and how both proponents and critics interpret the consequences of global restructuring. Insofar as orthodox accounts rely on neoclassical and narrow rationalist (positivist) models, they do not address the analytical needs of my project. Orthodox IPE remains, nonetheless, an important starting point. It is especially valuable as a source of empirical research that I draw on throughout the book. As an area of inquiry shaped by different disciplines and addressed from numerous vantage points, not all of IPE’s theorists conform to the orthodoxy.

And call] for ‘positive adjustment policies,’ . . changes in multilateral rules . . ”7 Given recurring financial crises and recent corporate accounting scandals, critics especially debate the possibility and desirability of capital controls and greater transparency in financial market transactions. In this case, the principles of neoclassical economics are subscribed to but the adverse effects of applying them prompt concern. Responses focus on “adjusting” the implementation of policies, especially to ameliorate their most egregious effects.

Proponents view] adverse effects as temporary and small, and attribute 6 Context and objectives the growing wage inequality or persistent unemployment to technological change, rather than import competition” (Berik 1999, 404). If we liken neoliberal restructuring to a global “game” of capitalism, these enthusiasts fundamentally believe in the game at play. ” Second, a small but increasing number of economists within the neoclassical school criticize globalization as currently practiced. They “fault neoclassical analyses for overlooking the substantial restructuring of national economies (and job losses) that are needed to bring about the much-hailed benefits of freer trade and the adverse employment effects of international outsourcing by TNCs [transnational corporations].

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A Critical Rewriting of Global Political Economy: Integrating Reproductive, Productive and Virtual Economies (Routledge Ripe Studies in Global Political Economy) by V. Spi Peterson

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