Abstract
Abstract. The economics and philosophy of Globalization are generally not discussed together. This paper assesses the claims of economic prosperity through economic integration in the backdrop of cultural, political and social value system implications of Globalization. This debate becomes important when we see a major part of developing world still struggling with impoverishment while cheerleaders of Globalization already claim a success story out of increased integration of developed and developing economies post 1980s.
Keywords. Globalization, Macroeconomic policy, Economic integration, Postmodernism.
JEL. F15, F36, F60.
References
Acemoglu, D., & Yared, P. (2010). Political limits to globalization. NBER, Working Paper, No.15694. doi. 10.3386/w15694
Appadurai, A. (2008). Modernity at Large: Cultural Dimensions of Globalization. USA: University of Minnesota Press.
Barro, R.J. (2001). Economic growth in East Asia before and after the financial crisis. NBER, Working Paper, No.8330. doi. 10.3386/w8330
Barsamian, D. (2005). Noam Chomsky: Imperial Ambitions: Conversations on the Post-9/11 World: Interviews with David Barsamian, 1st Edition, Metropolitan Books: New York.
Boje, D.M., Gephart Jr., R.P., & Thatchenkery, T.J. (1996). Postmodern Management and Organization Theory. California: Sage Publications, Inc.
Cline, W.R. (2004). Trade Policy and Global Poverty, Massachusetts: Center for Global Development.
Dollar, D., & Svensson, J. (1998). What explains the success or failure of Structural Adjustment Programs?, Development Research Group: World Bank, No.WPS1938. [Retrieved from].
Dollar, D., & Kray, A. (2001). Trade, growth, and poverty. Development Research Group, The World Bank, No.WPS2615. [Retrieved from].
Dollar, D. (2004). Globalization, poverty, and inequality since 1980. World Bank Policy Research, Working Paper, No.3333. [Retrieved from].
Edwards, S. (1993). Openness, trade liberalization, and growth in developing countries. Journal of Economic Literature, 31, 1358-1390.
Emran, M.S., & Stiglitz, J.E. (2009). Financial liberation, financial restraint, and entrepreneurial development. Institute for International Economic Policy Working Paper Series, No.IIEP-WP-2009-2. [Retrieved from].
Fitoussi, J.P., & Stiglitz, J.E. (2009). The way out of the crisis and the building of a more cohesive World. Observatoire Francais des Conjonctures Economiques. No.2009-17. [Retrieved from].
Forlines, F.L., Pinson, J.M., & Ashby, S.M. (2001). The Quest for Truth: Answering Life’s Inescapable Questions. USA: Randall Hall Publications.
Fukuyama, F. (2006). The End of History and the Last Man, New York: Free Press.
Gilbert, G. (2004). Contemporary Issues: World Poverty. California: ABC-CLIO, Inc.
Glaeser, E., Porta, R.L., Lopez-de-Silanes, F., & Shleifer, A. (2004). Do institutions cause growth?, NBER, Working Paper, No.10568. doi. 10.3386/w10568
Greenwald, B.C., & Stiglitz, J.E. (1988). Financial market imperfections and business cycles, NBER Working Paper Series, No.2494. doi. 10.3386/w2494
Hay, C., & Rosamond, B. (2002). Globalization, European integration and the discursive construction of economic imperatives. Journal of European Public Policy, 9(2), 147-167. doi. 10.1080/13501760110120192
Held, D. (2000). A Globalizing World? Culture, Economics, Politics. London: Routledge.
Huntington, S.P. (1997). The Clash of Civilizations: Remaking of the World Order. Touchstone: Simon & Schuster.
Jacques, T. (2010). How to Fight Google and Win! Reputation Management Textbook of Strategies, Mandeville: Reagan Publishing, LLC.
Kahler, M. (2004). Economic security in an era of globalization: Definition and provision. The Pacific Review, 17(4), 485-502. doi. 10.1080/0951274042000326032
Knight, J. (2003). Updating the definition of internationalization. International Higher Education, 33(6), 2-3. doi. 10.6017/ihe.2003.33.7391
Mamoon, D., & Murshed, M.S. (2011). Beyond institutionalism: There lies a good set of trade policies, MPRA Paper No.29532. [Retrieved from].
McAuley, J., Duberley, J., & Johnson, P. (2007). Organization Theory: Challenges and Perspectives, Prentice Hall: Financial Times.
Parikh, A. (2007). Trade liberalization: Impact on Growth and Trade in Developing Countries. Singapore: World Scientific Publishing Co. Pte. Ltd.
Rigobon, R. (2004). Rule of law, democracy, openness, and income: Estimating the interrelations. NBER, Working Paper, No.10750. doi. 10.3386/w10750
Rodrick, D. (2000). How far will international economic integration go?, Journal of Economic Perspectives, 14(1), 177-186. doi. 10.1257/jep.14.1.177
Rodrick, D. (2007). How to save globalization from its cheerleaders, The Journal of International Trade and Diplomacy, 1(2), 1-33.
Rodrick, D. (2008). The new development economics: We shall experiment, but how shall we learn?, Faculty Research Working Paper Series: Harvard Kennedy School, No.RWP08-055. [Retrieved from].
Rosenau, P.M. (1992). Post-Modernism and the Social Sciences: Insights, Inroads, and Intrusions, NJ: Princeton University Press.
Scholte, J.A. (2005). Globalization: A critical Introduction. 2nd Edition, New York: Palgrave Macmillan.
Stiglitz, J.E. (1991). Government, financial markets, and economic development. NBER New Working Paper Series, No. 3669. doi. 10.3386/w3669
Stiglitz, J.E. (1999). The financial system, business cycles and growth. CEER No.2. [Retrieved from].
Stiglitz, J.E. (2004). The process of European integration and the future of Europe, United Nations Economic Commission Europe, No.2004.1. [Retrieved from].
Stiglitz, J.E. (2010). Risk and global economic architecture: Why full financial integration may be undesirable. NBER Working Paper Series, No.15718. doi. 10.3386/w15718
Todaro, M.P., & Smith, S.C. (2011). Economic Development. 8th Edition, India: Pearson Education, Ltd.
Townsend, P., & Gordon, D. (2002). World Poverty: New Policies to defeat an old enemy. UK: The Policy Press.
Yazdani, N., Murad, H.S., & Abbas, R.Z. (2011). From modernity to postmodernity: A historical discourse on western civilization. International Journal of Business and Social Sciences, 2(11), 249-256.
