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fachmedien.de - spezialisierte Fachinformationen für Studium und Beruf
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Schaeffer

After Globalization

Crisis and Disintegration

Medium: Buch
ISBN: 978-1-032-05610-4
Verlag: Routledge
Erscheinungstermin: 21.09.2021
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In the 1980s, U.S. officials adopted tax and monetary policies that channeled huge new resources into Wall Street, which fueled a stock market boom. To increase profits and payouts to investors as stock prices soared, corporate managers consolidated businesses, outsourced manufacturing to low-wage countries, and adopted new technologies to increase productivity. Government officials then facilitated mergers and negotiated free trade agreements to speed the process of globalization. Wall Street became an engine of capital accumulation and a force for global change.
These developments resulted in massive job losses and stagnant wages for most Americans. Meanwhile, tax cuts and the stock market boom created vast new wealth for the rich, and the top 10 percent seized 50 percent of all income in the United States. The result was growing economic inequality.

During the decades that followed, globalization triggered regional economic crises, toppled governments, transformed societies, galvanized economic development in China, and created new forms of wealth and inequality around the world. Then in 2008, a financial crisis rooted in Wall Street triggered the Great Recession, wrecked the legitimacy of globalization as a development strategy, and unleashed populist or "restrictionist" social movements and political parties that challenged globalization and attacked its economic and political foundations.

This book examines the origins of globalization in the 1980s, the developments that triggered the Great Recession, and the political and economic forces that contributed to the disintegration of globalization as a force for change in the modern world. After Globalization explains what happened—and what comes next.

Produkteigenschaften

  • Artikelnummer: 9781032056104
  • Medium: Buch
  • ISBN: 978-1-032-05610-4
  • Verlag: Routledge
  • Erscheinungstermin: 21.09.2021
  • Sprache(n): Englisch
  • Auflage: 1. Auflage 2021
  • Produktform: Gebunden, HC gerader Rücken kaschiert
  • Gewicht: 644 g
  • Seiten: 338
  • Format (B x H x T): 157 x 235 x 23 mm
  • Ausgabetyp: Kein, Unbekannt

Themen

Autoren/Hrsg.

Autoren

1. The Crisis of U.S. Hegemony and the Battle Against Inflation2. Jumpstarting Wall Street3. Wall Street and Stock-Price Inflation4. Mergers and Downsizing5. De-Unionization, Outsourcing, and De-Industrialization6. Technology and Job Loss7. Economic Inequalities8. Globalization and Crises9. Globalization and China10. Housing and the Great Recession11. The Economic Costs of the Great Recession12. The Political Consequences of the Crisis13. Uncoupling and De-Globalization14. Marginalization and Disintegration15. Covid and the Greater Recession