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2017 | OriginalPaper | Buchkapitel

3. The Globalisation of Markets

verfasst von : Alessandro Vercelli

Erschienen in: Crisis and Sustainability

Verlag: Palgrave Macmillan UK

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Abstract

This chapter examines the main causes, the evolution, the principal consequences, and the policy implications of globalisation. The analysis focuses on its articulation in two surges of globalisation divided by an intermediate period of de-globalisation. The specific features of the First and Second Globalisations are spelled out by reconstructing the co-evolution of history of facts and history of economic analysis (pure theory of free trade). A discussion follows on the main arguments in favour or against the process of globalisation. The controversial issue of cross-country mobility of production factors is then briefly examined. The final remarks advocate a cautious attitude towards free trade, keeping in mind that the freedom of people should always be the ultimate priority.

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Vorheriges Kapitel Freedom, Free Markets, and Neoliberalism

Nächstes Kapitel The Evolution of Financialisation

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Titel: The Globalisation of Markets
verfasst von: Alessandro Vercelli
Verlag: Palgrave Macmillan UK
Buch: Crisis and Sustainability
Print ISBN: 978-1-137-60068-4

Electronic ISBN: 978-1-137-60069-1

Copyright-Jahr: 2017
DOI: https://doi.org/10.1057/978-1-137-60069-1_3

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