Politics of Globalization presents an up-to-date perspective on the kaleidoscopic politics of globalization. The authors analyze the existing definitions of capitalism and argue that globalization and the consequent growing multi-polarity in world politics is not a crisis but a proliferation of capitalisms. This network of capitalisms becomes the framework of the politics of the new globalization.

Towards the 21st Century International Division of Labour

Towards the 21st Century International Division of Labour

Towards the 21st century international division of labour
Jan NederveenPieterse*

With 4 per cent of the world population, the United States absorbs 25 per cent of world energy supplies, 40 per cent of world consumption and spends 50 per cent of world military spending and 50 per cent of world health care spending (at USD 1.3 trillion a year). US borrowing of USD 700 billion per year or USD 2.6 billion per day absorbs 70 to 80 per cent of net world savings. Meanwhile, the US share of world manufacturing output has steadily declined and the share of manufacturing in US gross domestic product (GDP) at 12.7 per cent is now smaller than that of the health care sector ...

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