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Globalization

A big buzzword in political speech and a ubiquitous analytical category in academic debate, globalization operates today rather like modernization did in the mid-twentieth century as the key term of a master discourse about the general state of the world. The most common political version of the discourse depicts globalization as an unstoppable process of global integration, a supposedly inevitable process that while being driven by free market capitalism also necessitates all the free market reforms of neo-liberalism. Here, for example, is Thomas Friedman (1999, pp. 7–8), a columnist of the New York Times who has made a name for himself by interpreting practically any event anywhere in the world through this same simple discourse. Globalization, he says,

involves the inexorable integration of markets, nation-states, and technologies to a degree never witnessed before – in a way that is enabling individuals, corporations and nation-states to reach around the world farther, faster, deeper and cheaper than ever before. The driving idea behind globalization is free-market capitalism – the more you let market forces rule and the more you open your economy to free trade and competition, the more efficient and flourishing your economy will be.

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Blackwell Publishers © 2009 by Blackwell Publishing Ltd except for editorial material and organization, © 2009 Derek Gregory, Ron Johnston, Geraldine Pratt, Michael J. Watts, and Sarah Whatmore


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From Credo

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