000 01341cam a2200145 4500
100 1 _aBELLO Walden
245 _aThe capitalist conjuncture :
_bover-accumulation, financial crises, and the retreat from globalisation /
_cWalden Bello
260 _c2006
520 _aPuts 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.
650 _aGLOBALIZATION
650 _aUNITED STATES
_xFOREIGN POLICY
650 _aUNITED STATES
_xGRAND STRATEGY
773 _aThird World Quarterly :
_gVol. 27, No. 8, 2006, pp.1345-1367 (101)
945 _i21493-1001
_rN
_sY
999 _c7401
_d7401