Suchergebnisse

An examination of three prevalent descriptions of globalization -- the post-Fordist state, the withering away of the state, & the internationalization of the state -- finds all three wanting. A weakness common to all three is the tendency to disaggregate the state & the market & assume a zero-sum, antagonistic conflict between the two. A more traditional Marxist approach, one that emphasizes the interrelatedness of the state & the market & that sees globalization as the next step in capital's insatiable desire for cheap labor, provides a more compelling explanation of current developments. The behavior of GB during its membership in the Exchange Rate Mechanism (1990-1992) illustrates the utility of Marxist explanations. In this case, & in many others, globalization has as much to do with the state as with the market. 41 References. K. W. Larsen