By V. Spi Peterson
Relocating past a slim definition of economics, this pioneering ebook advances our wisdom of world political financial system and the way we would seriously reply to it.V. Spike Peterson truly indicates how key beneficial properties of the worldwide economic climate more and more make certain daily lives world wide. the 1st is explosive development in monetary markets that form enterprise decision-making and public policy-making, and the second one is dramatic progress in casual and versatile paintings preparations that form income-generation and kin wellness. those advancements, even though well known, are infrequently analyzed as inextricable and interacting dimensions of globalization. utilizing a brand new theoretical version, Peterson demonstrates the interdependence of reproductive, efficient and digital economies and analyzes inequalities of race, gender, classification and kingdom as structural beneficial properties of neoliberal globalization. providing a methodologically plural, cross-disciplinary and well-documented account of globalization, the writer integrates marginalized and disparate positive factors of globalization to supply an available narrative from a postcolonial feminist vantage element.
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Extra resources for A Critical Rewriting of Global Political Economy: Integrating Reproductive, Productive and Virtual Economies (Routledge Ripe Studies in Global Political Economy)
Example text
An added problem is that mainstream accounts of economics and international relations tend to marginalize consideration of race, 22 Theory matters gender, and even class. A further problem is the disciplinary “divide” between social sciences and humanities. In the former, analyses of globalization are more likely to refer to material and structural processes. This is an effect of both substantive foci (goods, markets, states) and the epistemological commitments predominating in the social sciences.
These include “strategic interaction and game theoretic approaches” and the “neoinstitutionalist transaction cost economics theories of IPE” (Palan 2000a, 2, 6, 8–10). Critics of “orthodox IPE” target especially the positivist and “rationalist” commitments that align it with neoclassical economics. Here I focus on a specific point: that positivist/empiricist pursuit of a purported objectivity (presuming categorical separations of subject from object, and fact from value) has effectively disabled an adequate understanding of subjectivity, reflexivity, meaning, and value.
The issues are obviously complex, and compounded by methodological and intellectual controversies regarding the accuracy, collection, selection, and interpretation of data. 6 First, proponents of neoliberal restructuring typically subscribe to neoclassical economic theory and the ideology of what Soros (1998) and Stiglitz (2002) call market fundamentalism. The presumption is that unfettered markets (free from government regulations or other interventions) facilitate “perfect competition” and tend toward equilibrium and the most efficient allocation of resources (Soros 1998, 126).