Globalization, Development and Social Justice
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Globalization and Financial Development
Globalization and Financial Development Frederic S. Mishkin Member, Board of Governors of the Federal Reserve System October 2007 This paper is based on a speech at the New Perspectives on Financial Globalization Conference at the International Monetary Fund in Washington, D.C. on April 26, 2007. I thank Steve Kamin and Shaghil Ahmed for their comments and assistance on this paper. Note that the opinions expressed here are my own and not necessarily those of my colleagues on the Federal Open Market Committee (FOMC). - 1 - ABSTRACT This paper argues that globalization is a key factor in stimulating institutional reforms in developing countries that promote financial development and economic growth. Advanced countries can help in this process by supporting the opening of their markets to goods and services from emerging market countries. By encouraging these countries to increase their participation in global markets, advanced countries can create exactly the right incentives for developing countries to implement the reforms that will enable them to have high economic growth. Our parents drill into us that the key to success is hard work. Yet when we look at many developing countries, we see people who work extremely hard for long hours. Their wages are low, and so they remain poor. And as a whole, their countries remain poor. If hard work does not make a country rich, what does? The right institutions are essential. Nobel laureate Douglass North defines institutions as the “rules of the game in a society, or, more formally, humanly devised constraints that shape human intervention.” (North, 1990, p. 3). Among the institutions that are most crucial to economic growth are those that enable a country to allocate capital to its most productive uses. -
Saskia Sassen on Sociology, Globalization, and the Re-Shaping of the National
Theory Talks Presents THEORY TALK #43 SASKIA SASSEN ON SOCIOLOGY, GLOBALIZATION, AND THE RE-SHAPING OF THE NATIONAL Theory Talks is an interactive forum for discussion of debates in International Relations with an emphasis of the underlying theoretical issues. By frequently inviting cutting-edge specialists in the field to elucidate their work and to explain current developments both in IR theory and real-world politics, Theory Talks aims to offer both scholars and students a comprehensive view of the field and its most important protagonists. Citation: Schouten, P. (2011) ‘Theory Talk #43: Saskia Sassen on Sociology, Globalization, and the Re-shaping of the National’, Theory Talks, http://www.theory-talks.org/2011/09/theory-talk- 43.html (06-09-2011) WWW.THEORY-TALKS.ORG SASKIA SASSEN ON SOCIOLOGY, GLOBALIZATION, AND THE RE-SHAPING OF THE NATIONAL Globalization has been a key feature of contemporary IR, but nobody has challenged our understandings and misunderstandings of that contested concept as eloquently as sociologist Saskia Sassen has. For over twenty years, she has contributed to IR theorizing by vigorously arguing for a sociological view on the shifting relations between the national and the global. In this Talk, Sassen, amongst others, discusses global cities and the differences that sociological approaches to IR make, and elaborates on the constant and multiple re- articulations of the national and the global. What is, according to you, the biggest challenge / principal debate in current IR? What is your position or answer to this challenge / in this debate? Good question…but to answer it, I need to expand it to include much more than IR. -
Trade Globalization and Political Liberalization: a Gravity Approach
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Yu, Miaojie Working Paper Trade globalization and political liberalization: A gravity approach TIGER Working Paper Series, No. 104 Provided in Cooperation with: TIGER - Transformation, Integration and Globalization Economic Research, Warsaw Suggested Citation: Yu, Miaojie (2007) : Trade globalization and political liberalization: A gravity approach, TIGER Working Paper Series, No. 104, Transformation, Integration and Globalization Economic Research (TIGER), Warsaw This Version is available at: http://hdl.handle.net/10419/140756 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der -
Occupy Wall Street: a Movement in the Making
Trinity College Trinity College Digital Repository Senior Theses and Projects Student Scholarship Spring 5-20-2012 Occupy Wall Street: A Movement in the Making Hannah G. Kaneck Trinity College, [email protected] Follow this and additional works at: https://digitalrepository.trincoll.edu/theses Part of the American Politics Commons, Civil Rights and Discrimination Commons, Economic Policy Commons, Education Policy Commons, Energy Policy Commons, Environmental Policy Commons, Health Policy Commons, Human Rights Law Commons, International Law Commons, Law and Gender Commons, Law and Politics Commons, Law Enforcement and Corrections Commons, Organizations Law Commons, Political Economy Commons, and the Social Policy Commons Recommended Citation Kaneck, Hannah G., "Occupy Wall Street: A Movement in the Making". Senior Theses, Trinity College, Hartford, CT 2012. Trinity College Digital Repository, https://digitalrepository.trincoll.edu/theses/245 Occupy Wall Street: a movement in the making Hannah Kaneck Spring 2012 1 Dedicated to my grandmother Jane Armstrong Special thanks to my parents Karrie and Mike Kaneck, my readers Stephen Valocchi and Sonia Cardenas, the Trinity College Human Rights Program, and to my siblings at Cleo of Alpha Chi 2 Table of Contents Timeline leading up to September 17, 2011 Occupation of Wall Street…………………….……………….4 Introduction…………………………………………………………………………………..……………………………….….……..6 Where did they come from?...........................................................................................................7 -
Digging the Global Mine: an Interview with Saskia Sassen
03-rantanen 6/20/06 4:32 PM Page 142 INTERVIEW Digging the global mine An interview with Saskia Sassen I Terhi Rantanen Editor, Global Media and Communication and London School of Economics and Political Science, UK Ever since I started doing the interviews for Global Media and Communication I have wanted to interview female academics who have made a difference in their studies on global issues. As readers may have noticed, so far I haven’t had much success, since it is not only gender but also geography that matters for our journal. I have often met with an academic couple, and they clearly either inspire each other and/or work together, but female academics tend to decline to be interviewed with their spouses. When Saskia Sassen agreed to this interview I did not even try to include her husband, because I wanted to hear a solo female voice in this still very male academic world. Ironically, when I knock on Sassen’s door in London’s Clerkenwell in March 2005, it is her husband Richard Sennett1 who receives me in their beautiful loft apartment with modernist design and furniture. Sassen is still at work after having just come back from a week’s journey of visits to five countries. When she arrives she looks tired, but gives me 90 minutes of her precious time. Sassen says she does not mind travelling, since she is good at working on the plane. She then gently sends her husband to another room by saying that she does not want to appear sitting on his lap during the interview. -
A History of Globalization 1750-2050
Department of History University of Warwick 3rd Year Advanced Option Course HI 31V A HISTORY OF GLOBALIZATION 1750-2050 Module Booklet 2018-19 Course Tutor: Giorgio Riello Department of History Room H014, ext. 22163 Email: [email protected] 1 HI 31V ONE WORLD: A HISTORY OF GLOBALIZATION, 1750-2050 Context We are perennially told that we live in a ‘global society’, that the world is fast becoming a ‘global village’ and that this is an age of ‘globalisation’. Yet globalisation, the increasing connectedness of the world, is not a new phenomenon. This course provides a historical understanding of globalisation over the period from the mid eighteenth century to the present. It aims to introduce students to key theoretical debates and multidisciplinary discussions about globalisation and to reflect on what a historical approach might add to our understanding of our present-day society and economy. The course considers a variety of topics including the environment, migration, the power of multinationals and financial institutions, trade, communication and the critique of globalisation. Principal Aims To introduce students through a thematic approach to modern global history (post 1750) and the history of globalization. To introduce students to key theories of globalization. To train students to consider contemporary debates in a historical perspective. To explore a range of topics related to globalization and understand how some key features of human history have changed over the period from 1750 to the present. To understand how globalization has shaped people’s lives since the industrial revolution. To provide students with perspectives on Globalization from the point of view of different world areas (ex: China, India, and Africa). -
Open Cosmopolitanism and the World Social Forum: Global Resistance, Emancipation, and the Activists’ Vision of a Better World
Globalizations, 2017 Vol. 14, No. 4, 504–518, http://dx.doi.org/10.1080/14747731.2016.1254413 Open Cosmopolitanism and the World Social Forum: Global Resistance, Emancipation, and the Activists’ Vision of a Better World GIUSEPPE CARUSO ∗,∗∗ ∗NHS England, Redditch, UK ∗∗Richmond Fellowship, London, UK ABSTRACT The World Social Forum (WSF) is the world’s largest activist network to date. Its global, regional, national, and thematic events have gathered since 2001 millions of participants and thousands of civil society and social movement organisations. Its cosmopolitan vision is built on resistance to the planetary domination by neo-liberal globalisation. This paper unpacks WSF’s cosmopolitan project and reflects on its vision of emancipated individuals, convivial communities, and a just planetary society in harmony with the environment. In its open organisational space, WSF’s cosmopolitan project develops while in the process of political action rather than prior to that. At the same time, power dynamics, ideological cleavages, and pragmatic concerns about organisation and strategy challenge WSF’s ability to pursue its goals. However, it is these internal tensions that make WSF’s cosmopolitan project both more difficult to achieve and more realistic than claims of universal unity among all its participants. Keywords: World Social Forum, open cosmopolitanism, global justice movement, global resistance 1. Introduction The resurgence over the past three decades of a cosmopolitan discourse is related to, on the one hand, the expansion of market-led globalisation and, on the other, the intensification of social and political mobilisation for social justice. The fall of the Berlin Wall introduced a vision of global unity predicated on the global spread of neo-liberal doctrines. -
The Globalisation of the Pharmaceutical Industry
The Globalisation of the Pharmaceutical Industry PHARMACEUTICALS POLICY AND LAW Pharmaceuticals Policy and Law Volume 18 Earlier published in this series Vol.1. J.L. Valverde and G. Fracchia (Eds), Focus on Pharmaceutical Research Vol.2. J.L. Valverde (Ed), The Problem of Herbal Medicines Legal Status Vol.3. J.L. Valverde (Ed), The European Regulation on Orphan Medicinal Products Vol.4. J.L. Valverde (Ed), Information Society in Pharmaceuticals Vol.5. C. Huttin (Ed), Challenges for Pharmaceutical Policies in the 21st Century Vol.6. J.L. Valverde and P. Weissenberg (Eds), The Challenges of the New EU Pharmaceutical Legislation Vol.7. J.L. Valverde (Ed), Blood, Plasma and Plasma Proteins: A Unique Contribution to Modern Healthcare Vol.8. J.L. Valverde (Ed), Responsibilities in the Efficient Use of Medicinal Products Vol.9(1,2). J.L. Valverde (Ed), 2050: A Changing Europe. Demographic Crisis and Baby Friend Policies Vol.9(3,4). J.L. Valverde (Ed), Key Issues in Pharmaceuticals Law Vol.10. J.L. Valverde and D. Watters (Eds), Focus on Immunodeficiencies Vol.11(1,2). J.L. Valverde and A. Ceci (Eds), The EU Paediatric Regulation Vol.11(3). J.L. Valverde (Ed), Health Fraud and Other Trends in the EU Vol.11(4). J.L. Valverde (Ed), Rare Diseases: Focus on Plasma Related Disorders Vol.12(1,2). J.L. Valverde and A. Ceci (Eds), Innovative Medicine: The Science and the Regulatory Framework Vol.12(3,4). J.L. Valverde (Ed), New Developments of Pharmaceutical Law in the EU Vol.13(1,2). J.L. Valverde (Ed), Challenges for the Pharmaceuticals Policy in the EU Vol.14(1). -
Global Financial Crisis: the Bubble Effect in Indonesia
“The EUrASEANs: journal on global socio-economic dynamics” Volume 6 (13); November-December, Year 2018; ISSN 2539 – 5645 (Print) Copyright © 2018, [The EUrASEANs] on-line access: https://www.euraseans.com/6(13) GLOBAL FINANCIAL CRISIS: THE BUBBLE EFFECT IN INDONESIA Mohammad Benny Alexandri University Padjadjaran, Bandung, Indonesia Raeny Dwisanti University Komputer, Bandung, Indonesia US and Indonesia stock markets are entering record heights without being offset by economic growth and profitability growth of their traded companies. There are several indicators for the stock market bubble: (1) Price Ratio (Ear Ratio); (2) Price Ratio / Book (PB Ratio), the latter comparing the nominal price of one share at a market with the book value (the value of company's assets). The current PB ratio of the composite stock price index being 3.3 means that for each shares the asset value of which is 1 IDR, the stock would be worth 3.3 IDR. This is one of the most expensive price in the world today. Based on the above, for Indonesian stock market sharp decline is just a matter of time and waiting. This decline will be much sharper if triggered by the US financial crisis. We can also also see a bubble emerging from increasingly irrational investment attitudes. Currently, in addition to high prices for stocks and bonds, investors have started looking at investment opportunities in digital currencies. This research tries to know the potential of financial crisis and its effect for the financial market in Indonesia. The research uses descriptive and verification methods as applied to time series data analysis. -
Consent of the Government Gives Power To
Consent Of The Government Gives Power To Mike body his spherocytes oxygenizing expertly or irenically after Roy replanning and manducate resistively, slab-sided and unmaintained. Undescended Putnam digitized, his dialing Africanizing dieted dispassionately. Guiltlessly bold-faced, Giff unshackling versts and warn acropolises. For disease control for example, as acting governor declaring incapacity during the power to websites and procedure specific requirements that purpose in relation to be Chief financial stranglehold on such measures in the president of such term being, then the to consent of the government power? The state and gives the consent government of power to the sentence has endeavoured to the general, and the governor may. Barring the federal government from splitting up east state without the direction of its. Vienna Convention Law Treaties. According to the Declaration of Independence the government gets its red from her people it governs The exact language it uses in getting second stick is deriving their just Powers from broad Consent which the Governed This controversy that unite people time to be governed. President elect one month of government of the consent power to make an advance health legal status in a law shall be in evidence. He profit from time machine time reward to the Congress Information of my State enterprise the. Consent Giving permission to strand health services or giving permission to. Consent procedure the governed American citizes are the source means all governmental. Provisions in the Constitution that survive him that power would he didn't name any. The consent all the governed constitutional amendment Core. Opinion piece the Declaration of Independence Said and. -
A Sense of Unending: Apocalypse and Post-Apocalypse in Novels of Late Capitalism" (2019)
University of Arkansas, Fayetteville ScholarWorks@UARK Theses and Dissertations 8-2019 A Sense of Unending: Apocalypse and Post- Apocalypse in Novels of Late Capitalism Brent Linsley University of Arkansas, Fayetteville Follow this and additional works at: https://scholarworks.uark.edu/etd Part of the American Literature Commons, Literature in English, North America Commons, and the Modern Literature Commons Recommended Citation Linsley, Brent, "A Sense of Unending: Apocalypse and Post-Apocalypse in Novels of Late Capitalism" (2019). Theses and Dissertations. 3341. https://scholarworks.uark.edu/etd/3341 This Dissertation is brought to you for free and open access by ScholarWorks@UARK. It has been accepted for inclusion in Theses and Dissertations by an authorized administrator of ScholarWorks@UARK. For more information, please contact [email protected]. A Sense of Unending: Apocalypse and Post-Apocalypse in Novels of Late Capitalism A dissertation submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy in English by Brent Linsley Henderson State University Bachelor of Arts in English, 2000 Henderson State University Master of Liberal Arts in English, 2005 August 2019 University of Arkansas This dissertation is approved for recommendation to the Graduate Council. _____________________________________ M. Keith Booker, Ph.D. Dissertation Director _____________________________________ ______________________________________ Robert Cochran, Ph.D. Susan Marren, Ph.D. Committee Member Committee Member Abstract From Frank Kermode to Norman Cohn to John Hall, scholars agree that apocalypse historically has represented times of radical change to social and political systems as older orders are wiped away and replaced by a realignment of respective norms. This paradigm is predicated upon an understanding of apocalypse that emphasizes the rebuilding of communities after catastrophe has occurred. -
Thomas Rivas
Thomas Rivas Corporatocracy: A Global Empire Introduction The corporatocracy represents more than a group of individuals focused on the bottom line, more than a group of economic hit men (EHM), and more than a group of jackals. It represents a well-entrenched and established system supported by the alignment of government and corporate interests. It is a system that involves many without their own knowledge and seeks to involve many more. In other words, the corporatocracy represents a system that has established itself as a global empire and that looks to expand further. This global empire differs from and, at the same time, shares many similarities to the empires of history, such as the Holy Roman Empire. While it does differ from past empires, one common characteristic exists throughout them all: the idea that those who stand in the way of this empire building are cast aside as outsiders, enslaved, and often destroyed. Transitioning Empires Empires have risen or been created and subsequently crumbled or destroyed throughout history. At the same time, these empires themselves have created and destroyed countless nations, cities, and lives. From this one gains several valuable insights. The first one being the idea that if empires have been created and destroyed there is no guarantee that any empire will last or represent the final empire or system in an evolutionary chain. The second insight being that one can learn from history. One proves capable of learning how to prevent empires from destroying and enslaving innocent lives. However, as empires change so do the methods of empire building.