Since 2014
Symposium on The Making of Global Capitalism
Studies in Political Economy
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| Title |
Symposium on The Making of Global Capitalism
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| Creator |
Board, Editorial
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| Description |
The 1980s marked a period of far-reaching changes in the structure of global capitalism, including significant shifts in the geography of manufacturing and the international division of labour; rapid growth of once peripheral economies; the emergence of powerful new international organizations; the rising significance of finance to the global economy; and heightened instability. Not surprisingly, the decades since have witnessed a sustained debate about the forces driving these changes, the challenges they pose for social welfare, and their implications for developing successful resistance strategies. Notwithstanding these debates, a dominant narrative has emerged and it has assumed the status of common sense among progressives: that the capacity of nation-states to shape economic development has been reduced substantially; that markets have been generally deregulated; that the burgeoning financial sector is wholly speculative and unproductive; and that the US state is no longer the dominant imperial power that it once was. Leo Panitch and Sam Gindin’s recent book, The Making of Global Capitalism: The Political Economy of American Empire, challenges virtually every element of this narrative. States, they argue, have not been sidelined, nor has the significance of American state power receded in the making of a global capitalist order nor in the management of the system’s inherent instabilities. Panitch and Gindin’s focus on the role of the US state has perhaps contributed to the attention it has garnered among Canadian political economists, who have long been concerned with the impact of American power on the development of Canadian political economy. To advance this discussion, this issue of SPE features assessments of the book by three prominent Canadian scholars—William Carroll, Marjorie Cohen, and Mel Watkins—together with a response from the authors.
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| Publisher |
Studies in Political Economy
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| Date |
2013-12-12
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://spe.library.utoronto.ca/index.php/spe/article/view/20720
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| Source |
Studies in Political Economy; Vol 92 (2013): Making Global Capitalism
1918-7033 0707-8552 |
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| Language |
eng
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| Relation |
http://spe.library.utoronto.ca/index.php/spe/article/view/20720/16963
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