The book reviews globalisation by identifying causes behind the discontent it has produced in recent years. It variously engages in economics, political economy, development and policy discourses to study experiences of countries and institutions in managing and adjusting to globalisation. Extending the analysis to latest global developments, including the remarkable advance of technology and digitalisation, and political and economic upheavals caused by COVID19, the book collects varied academic perspectives and reflects on the present as well as future. Comprising chapters written by distinguished academics and policy experts, the book is a rare collection of cross-disciplinary objective evaluations of globalisation.
Author(s): Amitendu Palit
Series: International Law and the Global South
Publisher: Springer
Year: 2022
Language: English
Pages: 209
City: Cham
Preface
Acknowledgements
Contents
Editor and Contributors
1 Robots Versus Aliens: The Backlash Against Globalization
1 Introduction
2 Trends in Globalization
3 Theories of the Global Political Economy
4 U.S. Domestic Responses to the Challenges of Globalization
4.1 An Overview of Trade Adjustment Policies
4.2 Current Worker-Related Programs
4.3 Firm-Related Programs
5 Beyond Liberal Economic Palliatives: A Policy Agenda
5.1 Better Trade Agreements
5.2 Labor Adjustment
5.3 Firm Adjustment
5.4 Communities
6 Conclusion
References
2 Revisiting Globalization: A Post-COVID19 Perspective
1 The Washington Consensus, US–China Divide, and De-Globalization: Lessons from the Post-Liberal World Order
1.1 Economic Globalization and Washington Consensus: Trials and Tribulations
1.2 US-China Divide and the Post-Liberal World Order: Rivalry Hastening De-Globalization
2 COVID19 and Its Aftermath: Challenged Institutions, New Supply Chains, and the Overarching Politics
2.1 Institutional Impacts: Wither WHO, WTO?
2.2 Reorganization of Global Supply Chains: Economics and Politics
3 India in the New World
4 Looking Ahead
References
3 Normative Internationalization Through Globalization: India and China Between Modernization, Democratization, and Authoritarian Resistances
1 Introduction
2 Trade and Investments: A Progressive yet Distant Adhesion
2.1 Rules Integrators
2.2 Dispute Makers and Settlers
3 International Labour and Human Rights: The Reluctant Internationalist
4 Judicial Dynamism and Its Paradoxes
5 Conclusion: Globalization, Modernization, and Resistances to Democratization
References
4 Discontent Against Globalization: Reasons and Remedies
1 Introduction
2 Key Episodes of Protests Against Globalization: Identifying the Main Themes Raised in the Protests
3 Identifying the Main Reasons Behind the Protests Against International Trade and Investment Agreements
3.1 Pre-Dominance of a Power-Based System in the Multilateral Trading Regime
3.2 Power-Based Negotiating Process in the Multilateral Trading Regime
3.3 Asymmetries and Imbalances in WTO Agreements
3.4 Promise of the Development Content in the Doha Round Not Fulfilled
3.5 Progress in Doha Round Negotiations: Survival of the Financially Fattest
3.6 Subtle (Mis)use of Research and Exaggerating Gains from Negotiations and Influencing Developing Countries
3.7 Kicking Away the Ladder
3.8 Hypocrisy in the Stance of Some of the Developed Countries
3.9 One-Sided Discourse on International Trade and WTO Negotiations
3.10 Lack of Transparency in the Conduct of WTO Ministerial Conferences
4 What Can Be Done to Address the Anti-Globalization Sentiment in Some Developing Countries
4.1 Taking the First Step by Recognizing the True Nature of the Problem
4.2 Increased Transparency in the Conduct of WTO Ministerial Conferences
4.3 According to Formal Recognition to “Representative Negotiators Group”
4.4 Negotiating Through Coalitions
4.5 Enhancing the Role and Capacity of Inter-Governmental Organizations and Other International Institutions Working for the Interest of Developing Countries
5 Conclusion
References
5 China and the Impact of Economic Globalization: A Complex Tale of Gains and Losses Viewed Through the Lenses of FDI
1 Introduction
1.1 China’s Economic Globalization Post-1978
1.2 China’s Contemporary Involvement in the Global Economic System
1.3 IFDI as a Facet of China’s EG
1.4 OFDI as a Component of China’s EG
2 Conclusion
References
6 Geo-Economics, Globalization, Geo-Economics in the Aftermath of the COVID19 Pandemic: Trade and Development Perspectives from Bangladesh
1 Introduction
2 Rise of Geo-Economics and the Multilateral Trading System
2.1 Bangladesh in the Unfolding Geo-Economics Landscape
3 Policy Implications and Concluding Remarks
References
7 Managing Globalization to National Advantage: The Case of Ireland
1 Background
2 Ireland’s Economic Transformation
2.1 Ireland and Globalization
2.2 From Boom to Bust
2.3 The Economy Recovers
2.4 Ireland and Migration
2.5 Current Challenges Including Those Posed by Brexit
2.6 The Impact of the Global Pandemic on Ireland
3 Conclusion
References
8 Multilateralising Regionalism: The ASEAN Experience
1 Introduction
2 Understanding ASEAN’s Objectives: Stated Versus Real
3 Assessing Trade Performance
4 Assessing FDI Performance
5 Conclusions
References
9 COVID19, Supply Chain Resilience, and India: Prospects of the Pharmaceutical Industry
1 Supply Chain Resilience: The Academic Perspective
1.1 Resilience and Collaboration Between Countries
2 Collaboration and SCRI
3 Political Economy of SCRI
3.1 Section 3: India’s Pharmaceutical Industry
4 India’s Trade in Pharmaceuticals and Vaccines
5 Supply Chain and Dependence on China
6 China Dependence, SCRI, and Vaccines
6.1 Reducing China Dependence: Domestic Efforts
7 Can SCRI Reduce Dependence?
8 Conclusion
References
10 Globalization and New Developments: Towards a More Fragmented World?
1 The Crisis of Interdependence
2 Trade Bodies Will Change, as Will Trade Rules
3 Competition Among Powers: Malign, Occasionally Benign
4 COVID19, the New Poor, and Digitalization
5 Not the Last Word
References
