The capitalist conjuncture : over-accumulation, financial crises, and the retreat from globalisation / Walden Bello
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Third World Quarterly Vol. 27, No. 8, 2006, pp.1345-1367 (101)Summary: Puts the case that the global economy has fallen victim to the classical capitalist crisis over-accumulation. The functionally integrated global economy failed to develop due in part to the crises occassioned by the globalisation of finance. The Bush administration has now adopted a nationalist strategy by disciplining the developing world through unilateral military actions, exploitation, and causing other economies to bear the brunt of economic adjustments caused by the crisis (e.g. forcing others to adopt Kyoto Protocol while opting out itself). China's huge production growth is driven primarily by US consumer spending, in turn sustained by inward flows of savings to the USA from China and other capitalist countries. Suggests that there is pressure in the USA to treat China as a strategic enemy, and wonders what impact this might have.
| Item type | Current library | Call number | Copy number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|
| Journal Article | Mindef Library & Info Centre Journals | GLOBALISATION (Browse shelf(Opens below)) | 1 | Not for loan | 21493-1001 |
Puts the case that the global economy has fallen victim to the classical capitalist crisis over-accumulation. The functionally integrated global economy failed to develop due in part to the crises occassioned by the globalisation of finance. The Bush administration has now adopted a nationalist strategy by disciplining the developing world through unilateral military actions, exploitation, and causing other economies to bear the brunt of economic adjustments caused by the crisis (e.g. forcing others to adopt Kyoto Protocol while opting out itself). China's huge production growth is driven primarily by US consumer spending, in turn sustained by inward flows of savings to the USA from China and other capitalist countries. Suggests that there is pressure in the USA to treat China as a strategic enemy, and wonders what impact this might have.
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