SOCIAL DEMOCRACY READER 7 Michael Dauderstädt et al. Globalisation and Social Democracy SOCIAL DEMOCRACY READER 7 Globalisation and Social Democracy Social and Globalisation ISBN 978-3-95861-752-0 Published by Friedrich-Ebert-Stiftung German Edition: Political Academy, Bonn December 2015 English Edition: Division for International Cooperation, Berlin March 2017 Edited by: Jochen Dahm, Michael Dauderstädt, Thomas Hartmann, Christian Henkes, Christian Krell, Alfred Pfaller, Inken Wiese Contact:
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[email protected] Printing: Druckerei Brandt GmbH, Bonn Layout and composition: DIE.PROJEKTOREN, Berlin Translated by James Patterson Cover page photo: Frédéric Cirou – PhotoAlto; ag visuell – Fotolia The authors of individual sections are solely responsible for the contents. The opinions expressed are not necessarily those of the Friedrich-Ebert-Stiftung. Commercial use of FES publications in any media is not permitted without the written agreement of the FES. SOCIAL DEMOCRACY READER 7 Michael Dauderstädt et al. Globalisation and Social Democracy CONTENTS Foreword to the German edition 4 1. Introduction 6 2. The Challenge of Globalisation 9 2.1. Dimensions of Globalisation 13 2.2. Dealing with Globalisation 20 2.3. Ten Generalisations and Complex Reality 24 3. History and Background of Globalisation 27 3.1. The Rise of Western Europe (Colonisation) 29 3.2. British Globalisation (1815–1945) 30 3.3. American Globalisation (1945–1973) 34 3.4. Between the End of Bretton Woods and the Demise of the Eastern Block (1973–1989) 37 3.5. The Triumph of Globalisation? (1989–2008) 38 3.6. The Crisis of Global Capitalism (since 2008) 40 4. Social Justice and Globalisation 43 4.1.