The Handbook of Globalisation, Third Edition


The Handbook of Globalisation, Third Edition

3rd edition

9781788118590 Edward Elgar Publishing
Edited by Jonathan Michie, Professor of Innovation and Knowledge Exchange, President of Kellogg College and Director of the Department for Continuing Education, University of Oxford, UK; Visiting Professor, European University Institute, Florence, Italy; Honorary Professor, University of the Witwatersrand, South Africa; Senior Fellow, Rutgers, The State University of New Jersey, US
Publication Date: 2019 ISBN: 978 1 78811 859 0 Extent: 488 pp
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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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.

With multi-disciplinary contributions from leading experts, this Handbook covers a broad spectrum of issues and opportunities surrounding modern globalisation. It explores the idea that globalisation is not new, natural or inevitable, but rather that current global arrangements are the result of corporate pressure and the choices of politicians. It highlights the fact that the deregulated, free market form of globalisation is not unavoidable and explores a new era of global co-operation based around a Green New Deal. It also considers the future of globalisation in the face of the Trump presidency, Brexit and the move towards more state-centred policies.

This Handbook continues to be a vital resource for scholars, students and researchers of economics, international relations, and business and management who wish to gain a more in-depth understanding of globalisation from a variety of different disciplines. Politicians and policy makers will also benefit from the advice offered to avoid some of the increasingly negative impacts of our globalising world.
Critical Acclaim
‘I very much recommend this collection of readings edited by Jonathan Michie to teachers of international business as a supplement, especially in courses based on traditional international business texts.’
– Rajesh Aggarwal, Journal of Teaching in International Business

‘Jonathan Michie and his mainly northern heterodox economists offer us some powerful, refreshing and even disturbing insights into the state of contemporary globalisation. This comes at precisely the moment when the current phase of (neo-liberal) globalisation, arguably the third after late Victorian globalisation and international Keynesianism, shudders and stutters in the wake of the uncertainties and instabilities introduced by the 2008 global financial crisis and the triumph of Trumpism in America.’
– Vishnu Padayachee, University of the Witwatersrand, South Africa

Contributors: P. Arestis, E. Braunstein, P. Brosnan, H.-J. Chang, C. Craypo, G. DeMartino, G. Dymski, G. Epstein, A. Glyn, J. Heintz, C. Hines, P. Hirst, G.M. Hodgson, J. Howells, G. Ietto-Gillies, M. Koenig-Archibugi, S. Lee, P. Lysandrou, J. Michie, J.G. Palma, M. Panic, J. Perraton, J. Plasmans, M. Sawyer, S. Sinclair, A. Singh, J. Stanford, B. Sutcliffe, G. Thompson, J. Toye, F. Wilkinson, R. Woodward, A. Zammit


The Handbook of Globalisation: Introduction and Overview
Jonathan Michie

1. The Future of Globalisation
Paul Hirst and Grahame Thompson

2. Financial Globalization? History, Conditions and Prospects
Grahame Thompson

3. The Scope and Implications of Globalisation
Jonathan Perraton

4. Measures of Globalisation and their Misinterpretation
Bob Sutcliffe and Andrew Glyn

5. Innovation and Globalisation: A Systems of Innovation Perspective
Jeremy Howells

6. The International Debt Crisis
Gary Dymski

7. The multiplicity of distributional outcomes across the world: diversities of fundamentals or countries getting the inequality they deserve?
José Gabriel Palma

8. The Role of Transnational Corporations in the Globalisation Process
Grazia Ietto-Gillies

9. The Role and Control of Multinational Corporations in the World Economy
Gerald Epstein

10. Foreign Direct Investment and Development from a Gender Perspective
Elissa Braunstein

11. The Minimum Wage in a Global Context
Peter Brosnan

12. Globalisation, Labour Standards and Economic Development
Ajit Singh and Ann Zammit

13. Global Labor Standards: Their Impact and Implementation
James Heintz

14. Productivity and Competition from a Global Point of View
Joseph Plasmans

15. European Integration and the ‘Euro Project’
Philip Arestis and Malcolm Sawyer

16. North American free trade: history, structure and prospects
Jim Stanford

17. The Low Road to Competitive Failure: Immigrant Labour and Emigrant Jobs in the US
Charles Craypo and Frank Wilkinson

18. Governance in a Globalised World
Richard Woodward

19. Global Governance
Mathias Koenig-Archibugi

20. The Political Economy of the Third Way: The Relationship between Globalisation and National Economic Policy
Simon Lee

21. The WTO and its GATS
Scott Sinclair

22. The International Monetary Fund and the World Bank
John Toye

23. A New ‘Bretton Woods’ System?
Mića Panić

24. Kicking Away the Ladder – Globalisation and Economic Development in Historical Perspective
Ha-Joon Chang

25. Time to Replace Globalisation with Localisation
Colin Hines

26. Free Trade or Social Tariffs?
George DeMartino

27. Global Inequality and the Global Financial Crisis: The New Transmission Mechanism
Photis Lysandrou

28. The Great Crash of 2008 and the Reform of Economics
Geoffrey M. Hodgson

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