Peter Peter Dicken 2015 201 Peter Dicken 20155

�Peter © Peter Dicken 2015 201� Peter Dicken 20155

What in the World Is Going On? Global Shift Chapter 1

Key Words • Key Words – Globalization, hyper-globalists, sceptical internationalists, neo-liberalism, complexity, global recession • Concepts to Review Global networks, nationalization, geographical complexity, recession, global–local connections

Definitions of Globalization • Empirical • Ideological • Historical roots of the concept • What is distinctive about the present context – Simultaneity and complexity – Embeddedness of global production/consumption networks – The ‘Washington Consensus’

The End of Globalization? ● Causes of the 2008 financial crisis ● Responses to the crisis ● Has the free market ideology been irrevocably damaged by the crisis? ● ● Arguments pro and con Does it mean the end of globalization if it has?

Positions on Globalization • Hyper-globalists – – – Argue that we live in a borderless world where the national is irrelevant Neo-liberal faction Anti-globalization faction • Sceptical internationalists – Argue that there is nothing new about globalization; the world was more open and transnational in the past than in the present

Geographies of Globalization • Globalization: ‘the qualitative transformation of economic relationships across geographical space’ • Complex and changing geographies, rather than a single global geography • To ascribe a single cause/origin for globalization is meaningless • The Four Tendencies – – localizing processes internationalizing processes globalizing processes regionalizing processes