Globalization in Crisis

This book analyses the present global financial and economic crisis, the most severe in nearly a century, and a wider set of multiple and converging crises with aspects and repercussions that go well beyond the current economic climate. Written by some of the world’s leading international scholars in the field of Globalization studies and related disciplines, this important collection addresses numerous key aspects of the relationship between Globalization and global crises, past, present, and future. It sheds new light and understanding on the concept and theory of Globalization and of ‘crisis’. The authors explore such issues as global finance and financial regulation, neoliberal ideology and policy, the ‘crisis of globalization’, the decline of Western hegemony, world systemic crisis, the moral crisis of ‘Western capitalism’, environmental and climate change crises, world order, hyper-violence and the international system, a crisis of the ‘global modern’ and a global civilisational and hostpric crisis, the rise of the global South, the historical dialectics of capital and social responses to crisis, the future of capitalism and the prospects for transformative alternatives. This book was published as a special issue of Globalizations.

Table of Contents:
Foreword: A Fair Globalization During Crisis Tarja Halonen 1. Introduction: Framing the Debate: One Crisis or Many? The Return of Crisis in the Era of Globalization: One Crisis, or Many? Barry K. Gills 2. The Multiple Crisis and Beyond François Houtart 3. Converging Crises: Reality, Fear and Hope Susan George Analysing Financial, Economic and Capitalist Crisis: Old and New Logics 4. A Savage Sorting of Winners and Losers: Contemporary Versions of Primitive Accumulation Saskia Sassen 5. Globalisation, Crisis and the Political Economy of the International Monetary (Dis)Order Ankie Hoogvelt 6. What Next? An Explanation of the 2008–2009 Slump and Two Scenarios of the Shape of Things to Come Heikki Patomäki 7. The Global Regulatory Consequences of an Irrational Crisis: Examining ‘Animal Spirits’ and ‘Excessive Exuberances’ Grahame F. Thompson 8. The Economic Crisis, Capitalism and Islam: The Making of a New Economic Order? Wazir Jahan Karim 9. Critical Ideas in Times of Crisis: Reconsidering Smith, Marx, Keynes, and Hayek M. Scott Solomon Security, States, and World Order Crisis 10. A Radical World Order Challenge: Addressing Global Climate Change and the Threat of Nuclear Weapons Richard Falk 11. Crisis and Global Governance: Money, Discourses, and Institutions James H. Mittelman ‘Alter-hegemonic’ Perspectives 12. In the Shadows of Globalization: Civilizational Crisis, the ‘Global Modern’ and ‘Islamic Nihilism’ Mustapha Kamal Pasha 13. A Long View of Globalization and Crisis V. Spike Peterson 14. Lessons of a ‘Good’ Crisis: Learning in, and From the Third World Craig N. Murphy 15. The Global Crisis and Latin America Henry Veltmeyer 16. Globalization, Crisis and Social Transformation: A View from the South Ronaldo Munck 17. After 30 Years of Deadlock: Labour’s Possible Strategies in the New Global Order Andreas Bieler, Ingemar Lindberg and Werner Sauerborn Radical Politics in the Global Crisis 18. Exiting the Crisis of Capitalism or Capitalism in Crisis? Samir Amin 19. Globalization, Crisis and Transformation: World Systemic Crisis and the Historical Dialectics of Capital Barry K. Gills 20. The Stakes of Radical Politics have Changed: Post-Crisis, Relevance and the State Jonathan Pugh 21. Climate and Capitalism in Copenhagen Walden Bello 22. The Invisible Summit: The UN Conference on the Global Economic Crisis—An Eyewitness Account Nick Buxton 23. The Copenhagen Global Summit on Climate Change: A View from the Ground Gemma Bone 24. Global Governance for Global Development Björn Hettne