Get A Critical Rewriting of Global Political Economy: PDF

By V. Spi Peterson

Relocating past a slender definition of economics, this pioneering ebook advances our wisdom of world political financial system and the way we'd severely reply to it.V. Spike Peterson basically indicates how key positive aspects of the worldwide economic system more and more verify daily lives around the globe. the 1st is explosive development in monetary markets that form company 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 widely 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, type and country as structural gains 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 obtainable narrative from a postcolonial feminist vantage aspect.

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Additional info for A Critical Rewriting of Global Political Economy: Integrating Reproductive, Productive and Virtual Economies (Routledge Ripe Studies in Global Political Economy)

Sample text

In an important sense, orthodox accounts render structural hierarchies invisible, either by being depoliticized (as “the way things are” due to nature or ineluctable globalization) or marginalized (as perhaps regrettable but nonetheless subordinated to, or a distraction from, more pressing analytical concerns). The former claim reflects ahistorical and essentializing tendencies, where objects of inquiry are treated as “givens” rather than investigated as historically “made” constructions. The latter claim flows from a denial of power as embedded in and pervading knowledgemaking practices.

Uneven effects are widely noted, even anticipated by neoliberal enthusiasts, but are differently interpreted. Assessments are shaped by whether and to what extent the rules of the game and its premises are taken for granted (as common sense) or contested (as ideological constructions). Globalization as an informational economy: meaning and effects Castells’s discussion of the “information technology paradigm” helps to clarify the analytical challenges posed by new technologies (2000, 69–78). First, information is the raw material of the paradigm; “these are technologies to act on information, not just information to act on technology” as in earlier technological revolutions (70).

From a postpositivist vantage point, this is a problematic claim in regard to any social phenomenon. But it is especially indefensible as an element of theorizing globalization, insofar as the latter depends on informational technologies that are necessarily conceptual and cultural. The problem is illuminated when we consider the virtual economy of global financial markets, where (subjective) information effectively determines the price (value) of financial assets (Hudson 2002). In Strange’s useful analogy: “it is the opinions [of participating bettors] not the objective prowess of the horse that moves the prices” (Strange 1997, 111, my emphasis).

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