Globalization as the Institutionalization of Neoliberalism: Commodification, Financialization, and the Anchorless Economy

Robert H. Wade

Chapter 11 in Institutions and Market Economies, 2007, pp 250-277 from Palgrave Macmillan

Abstract: Abstract ‘Globalization’ is normally taken to mean a high- or fast-rising level of economic interdependence across distances, and the informational connectivity that goes with it. But globalization in this sense is the surface manifestation of a more basic process in the political-economy world order, which could be described as the deepening institutionalization of a neoliberal mode of capitalism.

Keywords: Current Account Deficit; Capital Account; Capital Control; Derivative Market; American Bank (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-38994-6_11

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DOI: 10.1057/9780230389946_11

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