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Globalization

Bryant G. Garth

Chapter 8 in Research Handbook on Law and Political Economy, 2025, pp 137-148 from Edward Elgar Publishing

Abstract: Globalization as a category emerged in the 1990s as a scholarly focus and also as a rhetoric of legitimation for the post-Cold War period of US hegemony, which privileged law as the language of governance and neo-liberal economics as the dominant economic orthodoxy. This chapter will relate globalization both to a very specific series of events leading to US hegemonic power and to the long history of colonial and imperial processes that have changed over time in relation to shifting structures of global power, which includes the power to define the rules of the game for governance of the state and economy and even what is accepted as universal and modern. Such processes, the chapter will show, are not merely impositions from dominant to dominated. They are local at the same time that they are global. The orthodoxies that came with the period of US hegemonic power, which have changed but retained certain characteristics, play out very differently in local contexts depending on such factors as colonial legacies and local structures of power. US-style globalization is still very strong, but the chapter will note that it is under attack both within domestic settings and through changing structures of power globally, including especially the rise of Chinese power.

Keywords: Globalization; Empire; Corporate lawyers; Legal education; US hegemony; Global governance; Legal globalization; Washington Consensus; China (search for similar items in EconPapers)
Date: 2025
ISBN: 9781803921181
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