Impacts of the Global Recession in the World Economy
Discuss the impacts of the global recession in processes of economic globalization, internationalization and neoliberalism in the World Economy . There is debate on to what extent, as a consequence of the recession, the World economy is becoming more or less globalized, more or less internationalized and more or less neoliberal. The essay should use theory and evidence to evaluate both sides in the debate. The discussion should draw on the views of radicals, sceptics and pragmatics regarding to what extent the economy was globalized before the recessions that started in 2008, and then explore whether or not the recession is likely to have changed economic trends. You need to focus on economic globalisation as a new phenomenon, different from internationalization, westernization, neo-liberalism or cultural convergence. Key authors: HIRST & THOMPSON, SCHOLTE (BOTH IN THE READING PACKAGE.) OHMAE, DICKEN
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