Andrea Colli, Andrea E. Goldstein
With the collapse of communism in 1990, the world entered a new phase of globalization, arguably an intensification of economic processes that trace their beginnings back to the mid-1800s. Characterised by the rise of multinational corporations, global entrepreneurs and a deregulated financial industry, the new global economy has become increasingly interconnected and complex as far as the relations among its economic and political actors are concerned.
This book explores the economic history and development of this current wave of globalization and what it means for trade, value chains, capital flows, investment and governance. The focus throughout is on the role played by business systems, new and old, in the globalization process and the way in which they have shaped the framework of global capitalism. As well as examining the processes of change and the actors involved, the book also takes a spatial perspective and explores the changing geography of global business through different national and macro-regional case-studies, including the BRIC economies, sub-Saharan Africa and South East Asia.
Aimed at upper-level undergraduate and postgraduate students in international political economy, economics and economic geography, this textbook offer an excellent introduction to the key issues shaping the world economy today.
1. The Rise and Fall of the First Globalization
2. Les Trentes Glorieuses and the World We Lost: A Snapshot of the Global Economy in 1989
3. The Factors Shaping Globalization Today
Part I: Current Trends
4. From Multinationals to Global Companies
5. The Rise of Global Value Chains
6. The Global Investment Industry
7. Sovereign Wealth Funds
8. Leviathan in Business
9. The Political Economy of Globalization
Part II The BRICS and the Emerging World
10. China and State Capitalism
12. A World of Networks
13. The Resurgence of Nationalism
14. The Ambiguities of Latin America
15. The Puzzle of Sub-Saharan Africa
16. Geopolitics of Business, Nationalism and Globalization
Andrea Colli is Professor of Economic History at Bocconi University in Milan. He is the author of numerous articles and several books including Dynamics of International Business: Comparative Perspectives of Firms, Markets and Countries (2016).
Andrea E. Goldstein is Managing Director for policy research and outreach at the economic research company, Nomisma and an Adjunct Professor at the Catholic University in Milan. He was previously in charge of Global Relations at the OECD Investment Division. He has published widely on emerging economies, most recently his book L’économie des BRIC (2013). He writes a regular column for Il Sole 24 Ore.