Globalization — an Accident of History?

Grzegorz W. Kolodko
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Grzegorz W. Kolodko: Kozminski University

Chapter 4 in Whither the World: The Political Economy of the Future, 2014, pp 82-118 from Palgrave Macmillan

Abstract: Abstract Once the world was divided into two major blocs and the so-called Third World, which was beyond them, although not entirely so. Not entirely, that is, because its territory saw a fierce rivalry over economic and political influence. It’s a curious semantic device, incidentally: how can one world be divided into many worlds? These two blocs were the “First World”, or the highly advanced capitalism championed by the United States, and the socialist “Second World” championed by the Soviet Union.

Keywords: Political Economy; Human Development Index; Capital Flow; Global Trade; World Bank (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-46574-0_4

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DOI: 10.1057/9781137465740_4

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