DOCSLIB.ORG

Financial Systems and Economic Growth 1St Edition Pdf, Epub, Ebook

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Financial Systems and Economic Growth 1St Edition Pdf, Epub, Ebook FINANCIAL SYSTEMS AND ECONOMIC GROWTH 1ST EDITION PDF, EPUB, EBOOK Peter L Rousseau | 9781107141094 | | | | | Financial Systems and Economic Growth 1st edition PDF Book World Bank Group. It turns out that some disturbances observed in the financial sphere of the economy may exert very significant and long-term impact on the behavior of the real economy. Research and academic institutions, professional associations, and think-tanks aim to observe, model, understand, and publish recommendations to improve the transparency and effectiveness of the global financial system. Nevertheless, the analysis demonstrates that too big size of the financial sector, i. The basic operating premise here is that the transfers in question take place via unregistered channels because their background or purpose is illegal. The global financial crisis , which originated in the United States in , quickly propagated among other nations and is recognized as the catalyst for the worldwide Great Recession. If only that were true inside the Tory party, be that members or backbenchers. Statistically insignificant parameters on the money variable can also be associated with the hypothesis of the neutrality of money that is the lack of the impact of money supply on output. The highest rate of return of a given input is observed in the countries with a relatively low stock of that input. Although crises can be overcome by emergency financing, employing bailouts places a heavy burden on taxpayers living in the afflicted countries, and the high costs damage standards of living. As we will see in greater detail, IFFs contribute to preserving unequal power relations and to further weakening already weak state institutions. Greenwood J, Smith BD Financial markets in development, and the development of financial markets. The study covers the — period although for some variables the analyzed period is shorter and covers two groups of countries: 1 28 EU member states EU28 , 2 34 OECD countries. Alter-globalization Anti-globalization Counter- hegemonic globalization Cultural globalization Deglobalization Democratic globalization Economic globalization Environmental globalization Financial globalization Global citizenship education Global governance Global health History of archaic early modern Military globalization Political globalization Trade globalization Workforce globalization. Views Read Edit View history. Besides the causes of IFFs, another main focus of this study will be their implications for political institution building and social development. For example, the variables which are included here as control factors turned out to be statistically significant in one of our earlier studies in which the BMA approach was adopted. Al-Yousif KY Financial development and economic growth. Key to the Maastricht Treaty was the outlining of convergence criteria that EU members would need to satisfy before being permitted to proceed. As regards the level of market capitalization, it turns out that the relationship is clearly nonlinear as shown in Fig. This result is also in line with the first analyzed variable, i. Speculative traders chased other currencies and began selling dollars in anticipation of these currencies being revalued against the dollar. Am Econ Rev — A number of countries, including the United States, made unenthusiastic and uncoordinated attempts to restore the former gold standard. Archived from the original on April 14, Banks operating in such environments may need stronger provisions in place to withstand corresponding market adjustments and absorb potential losses. Research covers its different elements, as well as interrelations among them, and more often, especially as the result of the last crisis, the identification of risks for its stable and effective functioning, indicating, among others the occurrence of system risk. The RBI further said that it would be incumbent upon such HFCs whose NOF currently stands below Rs 20 crore to submit a statutory auditor's certificate to the central bank within a month evidencing compliance with the prescribed levels. Financial Systems and Economic Growth 1st edition Writer Main article: Bretton Woods system. A collection of some of the best recent work on financial structure and economic development. Herkenrath, M. Therefore, it cannot be addressed solely by relying on policies aimed at raising the domestic return to investment in African countries. Of course, domestic credit is not the same variable as public debt but the results can be generalized and explained in this way. Both individuals and groups may participate in the global financial system. Hence, there is undoubtedly greater need for international financial and technical cooperation, for example, in combating corruption and in reforming fiscal systems. IFFs have therefore been occupying an ever more prominent place in development policy discourse Herkenrath et al. A second wave of growth took hold from the s to the early noughties. Germany became the first nation to formally abandon the post-World War I gold standard when the Dresdner Bank implemented foreign exchange controls and announced bankruptcy on July 15, The results show that the size and the performance of the financial system have a significant impact on economic growth. It found only 15 per cent of the respondents with an increase in their gross household incomes. South Econ J — The United States experienced growth in the size and complexity of firms engaged in a broad range of financial services across borders in the wake of the Gramm—Leach—Bliley Act of which repealed the Glass—Steagall Act of , ending limitations on commercial banks' investment banking activity. This index takes into account financial institutions and financial markets and also depth, access, and efficiency of each of these elements. Indian economy is rebounding with zooming sales in select sectors after shrinking Frontline Interview. Bank i Kredyt 37 10 — The agreement retroactively formalized the abandonment of gold as a reserve instrument and the Fund subsequently demonetized its gold reserves, returning gold to members or selling it to provide poorer nations with relief funding. Ranguma and A. To meet this requirement, central banks would intervene via sales or purchases of their currencies against the dollar. The decision to give a productivity-linked bonus and non-productivity-linked bonus for was taken at the Union Cabinet meeting, Minister of Information and Broadcasting Prakash Javadekar told reporters. Full size image. Cortelyou and John Pierpont "J. Lastly, as the authors of the African Economic Outlook acknowledge with refreshing directness, tax evasion is a privilege of the economic and political elites:. However, different variables representing the financial sector yield different results in this area. Conversely, the general increase in IFFs across all developing regions shows that these flows are a global phenomenon. The impact of the financial system on economic growth in the context of the global crisis: empirical evidence for the EU and OECD countries. This result is also in line with the first analyzed variable, i. A current account surplus and corresponding financial account deficit indicates an increase in external wealth while a deficit indicates a decrease. Despite Basel III and other efforts by the G20 to bolster the Financial Stability Board's capacity to facilitate cooperation and stabilizing regulatory changes, regulation exists predominantly at the national and regional levels. Reuter, , which in part offers quantitative analyses and in part detailed case studies, is one of the major exceptions to this rule. The figures show the graphical representation of the impact of the financial system on economic growth. The book also gives a detailed description of the World Bank's fantastic new data set—what's in it and why—and provides the data on a CD. In the case of a squared relationship, we deal with a parabola of which half is upward sloping and another half is downward sloping. In , the G established the Financial Stability Forum reconstituted by the G in as the Financial Stability Board to facilitate cooperation among regulatory agencies and promote stability in the global financial system. Financial Systems and Economic Growth 1st edition Reviews Robinson J The generalization of the general theory. Research institutes and other associations analyze data, publish reports and policy briefs, and host public discourse on global financial affairs. It may therefore be assumed that there is a causal link between IFFs and social ills, which themselves in turn trigger further IFFs. The early years of the Great Depression brought about bank runs in the United States, Austria, and Germany, which placed pressures on gold reserves in the United Kingdom to such a degree that the gold standard became unsustainable. General areas of finance. It means that during the global crisis the rate of economic growth was on average slower than it would be prior or after the crisis if the values of control variables were the same. IFFs are not merely a symptom, however, but also a causal component of pressing developmental problems. Cobham, A. World Federation of Exchanges. The better it completes this function, the more significant positive influence on the economy is noted Levine , p. France, Germany, the United States, Russia , and Japan each embraced the standard one by one from to , marking its international acceptance. The detailed overview of different available definitions of financial system, taking
Load more

Recommended publications
  • Germany's New Security Demographics Military Recruitment in the Era of Population Aging
    Demographic Research Monographs Wenke Apt Germany's New Security Demographics Military Recruitment in the Era of Population Aging 123 Demographic Research Monographs A Series of the Max Planck Institute for Demographic Research Editor-in-chief James W. Vaupel Max Planck Institute for Demographic Research, Rostock, Germany For further volumes: http://www.springer.com/series/5521 Wenke Apt Germany’s New Security Demographics Military Recruitment in the Era of Population Aging Wenke Apt ISSN 1613-5520 ISBN 978-94-007-6963-2 ISBN 978-94-007-6964-9 (eBook) DOI 10.1007/978-94-007-6964-9 Springer Dordrecht Heidelberg New York London Library of Congress Control Number: 2013952746 © Springer Science+Business Media Dordrecht 2014 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifi cally the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfi lms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifi cally for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center.
    [Show full text]
  • The Sorrows of Empire: Militarism, Secrecy and the End of the Republic Pdf, Epub, Ebook
    THE SORROWS OF EMPIRE: MILITARISM, SECRECY AND THE END OF THE REPUBLIC PDF, EPUB, EBOOK Chalmers Johnson | 400 pages | 27 Mar 2006 | Verso Books | 9781844675487 | English | London, United Kingdom The Sorrows of Empire: Militarism, Secrecy and the End of the Republic PDF Book The next biggest seller was Russia, selling 17 billion. Trivia About The Sorrows of Em It is not a pretty story. Reminding us of the classic warnings against militarism—from George Washington's farewell address to Dwight Eisenhower's denunciation of the military-industrial complex—Johnson uncovers its roots deep in our past. Dangerous Women 3. Strength of the street: Karachi - Kamran Asdar Ali. Share Tweet. I know, a crazy idea, but stick with me, if only to amuse me. It is here that the book reads with an anti-capitalist tome, which is relevant for the subject of exploitation yet so too would the command economy that helps to fund the military and constrains the populaces of the domestic and foreign people subjugated to rule. Sorrows of Empire, indeed. Oh, yeah, that's why It often has a lot of unnecessary detail, and lacks a clear structure. Johnson often conflates the economic lure of open trade with imperial coercion. Are we heading for a military takeover by the pentagon? Oh, and by the way, just in case you are ever asked. This is likely a reflection of the expansive nature of the history of the US empire. War on the waterfront - Peter Cole. Anybody who questions the concept of American Imperialism can put those to rest by reading this book.
    [Show full text]
  • New Millennium, New Perspectives UNU Millennium Series
    New millennium, new perspectives UNU Millennium Series Series editors: Hans van Ginkel and Ramesh Thakur The UNU Millennium Series examines key international trends for peace, governance, human development, and the environment into the twenty- first century, with particular emphasis upon policy relevant recommenda- tions for the United Nations. The series also contributes to broader aca- demic and policy debate concerning the challenges that are faced at the international level at the turn of the Millennium, and envisions potential for partnerships among states, international organizations, and civil soci- ety actors in collectively addressing these challenges. New millennium, new perspectives: The United Nations, security, and governance Edited by Ramesh Thakur and Edward Newman © The United Nations University, 2000 The views expressed in this publication are those of the authors and do not neces- sarily reflect the views of the United Nations University. The United Nations University 53-70, Jingumae 5-chome, Shibuya-ku, Tokyo, 150-8925, Japan Tel: +81-3-3499-2811 Fax: +81-3-3406-7345 E-mail: [email protected] http://www.unu.edu United Nations University Office in North America 2 United Nations Plaza, Room DC2-1462-70, New York, NY 10017, USA Tel: +1-212-963-6387 Fax: +1-212-371-9454 E-mail: [email protected] Cover design by Joyce C. Weston Printed in the United States of America UNUP-1054 ISBN 92-808-1054-5 Contents Tables and figures . vii 1 Introduction . 1 Ramesh Thakur 2 Security and governance in the new millennium: Observations and syntheses . 7 Edward Newman Security 3 The Security Council in the 1990s: Inconsistent, improvisational, indispensable? .
    [Show full text]
  • International Trends Analysis – Yearbook 2007
    Håkan Edström & Åke Wiss (eds.) International InternationalTrends Analysis Trends Analysis Yearbook 2007 Yearbook 2007 HÅKAN EdstrÖM & ÅKE Wiss (eds.) With an introduction to the ART-model ACTORS REGIONS THEMES FOI, Swedish Defence Research Agency, is a mainly assignment-funded agency under the Ministry of Defence. The core activities are research, method and technology development, as well as studies conducted in the interests of Swedish defence and the safety and security of society. The organisation employs approximately 1000 per- sonnel of whom about 800 are scientists. This makes FOI Sweden’s largest research institute. FOI gives its customers access to leading-edge expertise in a large number of fields such as security policy studies, defence and security related analyses, the assessment of various types of threat, systems for control and management of crises, protection against and management of hazardous substances, IT security and the potential offered by new sensors. FOI-R--2361--SE User Report Defence Analysis FOI ISSN 1650-1942 December 2007 Defence Research Agency Phone: +46 8 555 030 00 www.foi.se Division of Defence Analysis Fax: +46 8 555 031 00 FOI-R--2361--SE User report Defence Analysis SE- 164 90 Stockholm ISSN 1650-1942 December 2007 International Trends Analysis – Yearbook 2007 With an introduction to the ART-model Håkan Edström & Åke Wiss (eds.) 3 Titel Omvärldsanalys – Årsbok 2007 Title International Trends Analysis – Yearbook 2007. With an introduction to the ART-model Rapportnr/Report no FOI-R--2361--SE Rapporttyp Användarrapport Report Type User Report Sidor/Pages 202 pages Månad/Month December Utgivningsår/Year 2007 ISSN 1650-1942 Kund/Customer Forskningsområde 2.
    [Show full text]
  • 1 Introduction: Concepts of Globalization There Have Been
    Introduction to Luke Martell, The Sociology of Globalization, 2010, pre-publication version. Introduction: Concepts of Globalization There have been many trends in sociology in recent decades. These have varied from country to country. One was a concern with class and social mobility from the 1950s onwards, in part evident in debates between Marxists and Weberians. In the ‘60s and ‘70s feminists argued that such debates had marginalised another form of social division, gender inequalities. Feminism grew in influence, itself being criticised for failing to appreciate other divisions, for instance ethnic inequalities identified by those with postcolonial perspectives. In the 1980s this concern with differences was highlighted in postmodern ideas, and the power of knowledge was analysed by theorists like Michel Foucault. In the 1980s and ‘90s a more homogenising idea came to the fore, globalization. This also then went on to stress local difference and plurality. The themes of globalization were not new, but the word and the popularity of the idea really came to the fore in the 1980s (an early mention is in Modelski 1972). Why did globalization become a popular idea? One reason is the rise of global communications, especially the internet, which made people feel that connections across the world were flowing more strongly, speedily and becoming more democratic. With the end of the cold war it seemed that the bipolar world had become more unified, whether through cultural homogenisation or the spread of capitalism. People became more conscious of global problems, like climate change. Economic interdependency and instability were more visible. Money flowed more freely and national economies went into recession together in the 1970s and again 30 years later.
    [Show full text]
  • The American Led Globalization As the Main
    The American led Globalization as the Main Obstacle to the Development of Titulo Democracy in the Arab World and Africa Sharawy, Helmy - Autor/a Autor(es) Globalization of the periphery: The challenges of transnational migration for local En: development in Central America Buenos Aires Lugar CLACSO, Consejo Latinoamericano de Ciencias Sociales Editorial/Editor 2008 Fecha Sur-Sur Colección Globalización alternativa; Cooperación Sur-Sur; Democracia; Instituciones financieras Temas internacionales; Régimen político; Imperialismo; Hegemonía mundial; Medio Oriente; Países Árabes; África; Capítulo de Libro Tipo de documento http://bibliotecavirtual.clacso.org.ar/clacso/sur-sur/20100707032958/06shar.pdf URL Reconocimiento-No comercial-Sin obras derivadas 2.0 Genérica Licencia http://creativecommons.org/licenses/by-nc-nd/2.0/deed.es Segui buscando en la Red de Bibliotecas Virtuales de CLACSO http://biblioteca.clacso.edu.ar Consejo Latinoamericano de Ciencias Sociales (CLACSO) Conselho Latino-americano de Ciências Sociais (CLACSO) Latin American Council of Social Sciences (CLACSO) www.clacso.edu.ar Sharawy, Helmy. The american led globalization as the main obstacle to the development of democracy in the arab world and Africa. En publicación: Globalization and the Washington Consensus: its influence on democracy and development in the south. Gladys Lechini (editor). Buenos Aires : CLACSO, Consejo Latinoamericano de Ciencias Sociales, 2008. ISBN 978-987-1183-91-3 Disponible en: http://bibliotecavirtual.clacso.org.ar/ar/libros/sursur/lech/06shar.pdf
    [Show full text]
  • “Studies of Military Sociology in the Context of Globalization and Its Contribution to the Transformation of the Indonesian National Defense Forces (Tni)”
    “STUDIES OF MILITARY SOCIOLOGY IN THE CONTEXT OF GLOBALIZATION AND ITS CONTRIBUTION TO THE TRANSFORMATION OF THE INDONESIAN NATIONAL DEFENSE FORCES (TNI)” AMARULLA OCTAVIAN Second Edition bab1-2 M&G ING_M7.indd 1 1/16/14 9:40 AM Towards a society with a superior military 2 bab1-2 M&G ING_M7.indd 2 1/13/14 9:26 PM For my precious ones: Anna, Jordy and Wildan 3 bab1-2 M&G ING_M7.indd 3 1/13/14 9:26 PM Second Edition 2012 Published by UI Press, Indonesia Copyright©2012, UIPress Editor : Deniek G. Sukarya Text Design : Taja Sukarya Graphic Design : PT. Sukarya & Sukarya Pandetama ISBN : 978-979-456-517-9 (paperback) The Military and Globalization: Studies of Military Sociology in the Context of Globalization and Its Contribution to the Transformation of the Indonesian National Defense Forces (TNI)/Amarulla Octavian All rights reserved Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored in or introduced into a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), without the prior written permission of both the copyright owner and the publisher of this book. Printed in Jakarta, Indonesia 4 bab1-2 M&G ING_M7.indd 4 1/13/14 9:26 PM Table of Content Remarks from Prof. Dr. Purnomo Yusgiantoro ...................................................................6 Foreword from Dr. Iwan Gardono Sujatmiko .....................................................................8 Preface from the Writer ......................................................................................................12
    [Show full text]
  • An Alternative Perspective to Govern Globalization
    EMBER 2005 FIRAT BAYAR SEPT PERSPECTIVE TO GOVERN GLOBALIZATION F. BAYAR AN ALTERNATIVE METU 2005 AN ALTERNATIVE PERSPECTIVE TO GOVERN GLOBALIZATION A THESIS SUBMITTED TO THE GRADUATE SCHOOL OF SOCIAL SCIENCES OF MIDDLE EAST TECHNICAL UNIVERSITY BY FIRAT BAYAR IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF DOCTOR OF PHILOSOPHY IN INTERNATIONAL RELATIONS SEPTEMBER 2005 Approval of the Graduate School of Social Sciences Prof. Dr. Sencer Ayata Director I certify that this thesis satisfies all the requirements as a thesis for the degree of Doctor of Philosophy. Prof. Dr. Atila Eralp Head of Department This is to certify that we have read this thesis and that in our opinion it is fully adequate, in scope and quality, as a thesis for the degree of Doctor of Philosophy. Assoc. Prof. Dr. Kemal Derviş Assoc. Prof. Dr. A. Nuri Yurdusev Co-Supervisor Supervisor Examining Committee Members (first name belongs to the chairperson of the jury and the second name belongs to supervisor) Prof. Dr. Atila Eralp (METU, IR) Associate Prof. Dr. A. Nuri Yurdusev (METU, IR) Associate Prof. Dr. Kemal Derviş (UNDP) Prof. Dr. Fikret Şenses (METU, ECON) Assistant. Prof. Dr. Galip Yalman (METU, POL) I hereby declare that all information in this document has been obtained and presented in accordance with academic rules and ethical conduct. I also declare that, as required by these rules and conduct, I have fully cited and referenced all material and results that are not original to this work. Name, Last name : Fırat Bayar Signature : iii ABSTRACT AN ALTERNATIVE PERSPECTIVE TO GOVERN GLOBALIZATION Bayar Fırat Ph.D., Department of International Relations Supervisor : Assoc.
    [Show full text]
  • Globalization and Global Politics a N T H O N Y M C G R E W ●● Introduction 16
    Chapter 1 Globalization and global politics ANTHONY MCGREW ●● Introduction 16 ●● Making sense of globalization 16 ●● Conceptualizing globalization 18 ●● Contemporary globalization 20 ●● A world transformed: globalization and distorted global politics 23 ●● Conclusion 29 Reader’s Guide of which are the focus of this chapter. In particular the chapter concludes that a conceptual shift in This chapter provides an account of globalization our thinking is required to grasp fully the nature of and its consequences for our understanding of world these transformations. This conceptual shift involves politics. Globalization is a long-term historical pro- embracing the idea of global politics: the politics cess that denotes the growing intensity of worldwide of an embryonic global society in which domestic interconnectedness: in short, a ‘shrinking world’. It is, and world politics, even if conceptually distinct, are however, a highly uneven process such that far from practically inseparable. It also requires rethinking creating a more cooperative world it is also a signifi- many of the traditional organizing assumptions and cant source of global friction, instability, enmity, and institutions of modern political life—from sovereignty conflict. Whilst it has important consequences for to democracy—since in a globalized world, power is the power and autonomy of national governments, no longer simply organized according to a national or it by no means prefigures, as many have argued or territorial logic. This chapter has two key objectives: to desired, the demise of the nation-state or of geopoli- elucidate and elaborate the concept of globalization; tics. Rather, globalization is associated with significant and to explore its consequences for our understand- transformations in world politics, the most significant ing of world politics.
    [Show full text]
  • US Military Globalization
    افغانستان آزاد – آزاد افغانستان AA-AA چو کشور نباشـد تن من مبـــــــاد بدین بوم وبر زنده یک تن مــــباد همه سر به سر تن به کشتن دهیم از آن به که کشور به دشمن دهیم www.afgazad.com [email protected] زبان های اروپائی European Languages http://www.counterpunch.org/2014/04/28/us-military-globalization/print US Military Globalization Interlocking Spheres of Influence by NORMAN POLLACK APRIL 28, 2014 History, at the least, is process, interrelations, multilayered, marked by continuities of social structure, wealth distribution, all in all, embedded in a framework of causation even when serendipitous outcomes pop up, none of which is to suggest a rigid deterministic pattern, but only that in the case of Obama, one can readily credit America’s protofascistic leanings over decades if not also centuries (war, intervention, racism, monopoly capital brought to a convergence), yet, despite prior historical trends, demand that he be held accountable for what occurs on his watch. Therefore, no free pass for overwhelming militarism, massive surveillance, policies favoring deregulation and wealth-concentration, contemptuous disregard for civil liberties and government transparency, and now, a foreign policy of exclusive global hegemony quite possibly surpassing that of his illustrious predecessors. What, in this context, is more criminal, the policies themselves, such as targeted assassination, regime change, a string of interventions–and the counterrevolutionary posture undergirding them, or, a nation and people, sharing complicity in their actuation and implementation, and more particularly, a morally bankrupt liberalism www.afgazad.com 1 [email protected] actively promoting them, with presumed radicals standing by in silence? Americans are implicated in deceit and denial, purchasing their comforts and self-righteousness at the expense of the collective human privation their military and paramilitary forces, their CIA operatives and private contractors, their support of repressive regimes and death squads have brought to much of the world’s population.
    [Show full text]
  • Luke Martell, the Sociology of Globalization, Second Edition, 2016
    Luke Martell, The Sociology of Globalization, Second edition, 2016 Pre-publication version of the introduction. Introduction: Concepts of Globalization There have been many trends in sociology in recent decades. These have varied from country to country. One was a concern with class and social mobility from the 1950s onwards, in part evident in debates between Marxists and Weberians. In the 1960s and 1970s, feminists argued that such debates had marginalized another form of social division, gender inequalities. Feminism grew in influence, itself being criticized for failing to appreciate other divisions, for instance ethnic inequalities, identified by those with postcolonial perspectives. In the 1980s, this concern with differences was highlighted in postmodern ideas, and the power of knowledge was analysed by theorists such as Michel Foucault. In the 1980s and 1990s, a more homogenizing idea came to the fore, globalization. This also went on to stress local difference and plurality. The themes of globalization were not new, but the word and the popularity of the idea really came to the fore in the 1980s (an early mention is in Modelski 1972). Why did globalization become a popular idea? One reason is the rise of global communications, especially the Internet, which made people feel that connections across the world were flowing more strongly and speedily, as well as becoming more democratic. With the end of the cold war, it seemed that the bipolar world had become unified, whether through cultural homogenization or the spread of capitalism. People became increasingly conscious of global problems, such as climate change. Economic interdependency and instability were more visible.
    [Show full text]
  • How Globalization Challenges France
    chapter one How Globalization Challenges France In August 1999 a forty-six-year-old sheep farmer named José Bové was arrested for dismantling the construction site of a new McDonald’s restaurant in the southern French town of Millau. He acted, he argued, in protest against U.S. retaliatory trade sanctions against Euro- pean products (notably, French cheese) and the uncontrolled spread of free market globalization. By attacking McDonald’s, and getting himself photographed in handcuffs in the process, the publicity conscious Bové was striking out at the symbol of U.S.-inspired globalization, a perceived threat to French identity and culinary traditions. A few months later Bové built on his fame by smuggling huge chunks of Roquefort cheese into Seattle, where he was among the leaders of the antiglobalization protests against the World Trade Organization summit in November. Bové’s crusade against globalization struck a chord in France. He be- came an instant media celebrity and was widely compared to Astérix the Gaul, the popular French cartoon character who led his tiny village in resistance against the Roman occupiers.1 By blending culture and agricul- 1 2 how globalization challenges france ture, trade and identity, resistance to American hegemony and the French tradition of popular rebellion, Bové came to symbolize a France that felt threatened by globalization. Public opinion surveys showed why his mes- sage was so popular. In a range of recent polls, 72 percent said they felt “suspicious” of globalization, 65 percent perceived it as
    [Show full text]