Please use this identifier to cite or link to this item:
http://hdl.handle.net/11375/28138
Title: | Globalization: Challenges and Opportunities |
Authors: | Madison, G. B. |
Department: | Globalization |
Publication Date: | 1998 |
Publisher: | McMaster University Institute on Globalization and the Human Condition |
Series/Report no.: | Working Paper Series;98/1 |
Abstract: | Globalization is a multifaceted phenomenon. In this paper I seek to discern some of the challenges it poses, as well as some of the opportunities it offers. To this end, attention is focused on three major aspects of globalization: the economic, the cultural, and the political. Particular consideration is given to the political-economic lessons to be learned from the recent East Asian financial (and economic) crisis; the homogenizing and civilizing ramifications of globalization in the realm of culture; and the relation between economic globalization, the threat it poses to the traditional notion of national sovereignty, and the prospects for the development of civil society, the rule of law, and democratic governance. The paper concludes by arguing that, as a result of the emerging global economy, we are witnessing the emergence of a new form of capitalism, qualitatively different from both 19th-century laissez-faire capitalism and 20th-century “managed” capitalism. |
URI: | http://hdl.handle.net/11375/28138 |
Appears in Collections: | Globalization Publications |
Files in This Item:
File | Description | Size | Format | |
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98-1 Globalization - Challenges and Opportunities.pdf | 324.72 kB | Adobe PDF | View/Open |
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