Globalization:
The spread of capitalism.
Major Concern:
Transfer of power from state to capital.
Importance of the State:
Preservation of National Industry
Global Institutions for Regulation
Progressive Globalization:
Flexible and Adaptive Policies
Successful Globalization: Economic Efficiency
Establishing Global Community
Increased Trade / Availability of Technology
Increased Trade / Availability of Technology
Close the Digital-Divide
Exponential Increase of Productivity
Eliminate Global Income Inequality
Higher Standard of Living
With “capital friendly” national governments and “capital friendly” international agreements, globalization is seen as delivering greater economic efficiency and higher levels of material well-being to all who participate. Capital is stronger, the state is weaker, but all benefit (Bowles 171).
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