global capitalism

Global capitalism and the state 'Globalization' is a term that has come to be used in recent years increasingly frequently and, arguably, increasingly loosely. In a close analysis of the term, the author focuses on the concept of globalization as the transcendence (rather than the mere crossing or opening) of borders arguing that this interpretation offers the most distinctive and helpful insight into contemporary world affairs. The article goes on to explore one of the …

…capitalism has contributed to: (a) the end of sovereign statehood; (b) a rise of supraterritorial constituencies; (c) possibly, a decline in interstate warfare; (d) increased constraints on state provision of social security; (e) a growth of multilateralism; and (f) the impracticability of achieving democratic governance through the state alone. In sum, then, although the state survives under globalizing capitalism, it is in at least six important respects a different kind of state. Bibliography New York,1979