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5. Has capitalism gone global?
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What is ‘global capitalism?’ Economies no longer operate in isolation, producing goods at home for export abroad. Companies now run manufacturing operations in many different countries spread across the world. ‘Has capitalism gone global?’ explores four myths of global capitalism. Firstly, global capitalism is not new. The early capitalism of the 15th and 16th centuries was global in nature as it involved world-wide trading activities. Secondly, how global is global capitalism? In reality, most capital moves between a small group of rich countries. Thirdly, global organization of capital has not replaced its national organization. Finally, global capitalism has not integrated the world; inequalities increasingly divide it.
Title: 5. Has capitalism gone global?
Description:
What is ‘global capitalism?’ Economies no longer operate in isolation, producing goods at home for export abroad.
Companies now run manufacturing operations in many different countries spread across the world.
‘Has capitalism gone global?’ explores four myths of global capitalism.
Firstly, global capitalism is not new.
The early capitalism of the 15th and 16th centuries was global in nature as it involved world-wide trading activities.
Secondly, how global is global capitalism? In reality, most capital moves between a small group of rich countries.
Thirdly, global organization of capital has not replaced its national organization.
Finally, global capitalism has not integrated the world; inequalities increasingly divide it.
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