Abstract
The purpose of this paper is to analyze the present understanding of the political economy of globalization, in particular the globalization of capital. In the contemporary age, the regulatory capacity of the state seems to stand in a different relation to the transnational capital because its space is not bound by conventional jurisdictions. This paper closely examines how the transnational capital influences the politics of the state. It takes the increasing capital mobility as one of the key features of globalization, and explores the impact of capital mobility on politics in relation to the convergence and divergence debates among scholars. It deals in detail with the impacts of globalization on monetary autonomy of the state, on financial market governance, and on labor market governance, and discusses how capital mobility influences the politics of the state, enforcing the power configuration among the state, capital, and labor.
| Original language | English |
|---|---|
| Pages (from-to) | 1-19 |
| Number of pages | 19 |
| Journal | Global Economic Review |
| Volume | 32 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - 2003 Dec 1 |
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All Science Journal Classification (ASJC) codes
- Business and International Management
- Economics, Econometrics and Finance(all)
- Political Science and International Relations
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Theoretical review of globalization thesis : Capital mobility and the state. / Jho, Whasun.
In: Global Economic Review, Vol. 32, No. 4, 01.12.2003, p. 1-19.Research output: Contribution to journal › Review article
TY - JOUR
T1 - Theoretical review of globalization thesis
T2 - Capital mobility and the state
AU - Jho, Whasun
PY - 2003/12/1
Y1 - 2003/12/1
N2 - The purpose of this paper is to analyze the present understanding of the political economy of globalization, in particular the globalization of capital. In the contemporary age, the regulatory capacity of the state seems to stand in a different relation to the transnational capital because its space is not bound by conventional jurisdictions. This paper closely examines how the transnational capital influences the politics of the state. It takes the increasing capital mobility as one of the key features of globalization, and explores the impact of capital mobility on politics in relation to the convergence and divergence debates among scholars. It deals in detail with the impacts of globalization on monetary autonomy of the state, on financial market governance, and on labor market governance, and discusses how capital mobility influences the politics of the state, enforcing the power configuration among the state, capital, and labor.
AB - The purpose of this paper is to analyze the present understanding of the political economy of globalization, in particular the globalization of capital. In the contemporary age, the regulatory capacity of the state seems to stand in a different relation to the transnational capital because its space is not bound by conventional jurisdictions. This paper closely examines how the transnational capital influences the politics of the state. It takes the increasing capital mobility as one of the key features of globalization, and explores the impact of capital mobility on politics in relation to the convergence and divergence debates among scholars. It deals in detail with the impacts of globalization on monetary autonomy of the state, on financial market governance, and on labor market governance, and discusses how capital mobility influences the politics of the state, enforcing the power configuration among the state, capital, and labor.
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UR - http://www.scopus.com/inward/citedby.url?scp=34248063830&partnerID=8YFLogxK
U2 - 10.1080/12265080308422928
DO - 10.1080/12265080308422928
M3 - Review article
AN - SCOPUS:34248063830
VL - 32
SP - 1
EP - 19
JO - Global Economic Review
JF - Global Economic Review
SN - 1226-508X
IS - 4
ER -