Globalization in Question

THE INTERNATIONAL ECONOMY AND

THE POSSIBILITIES OF
GOVERNANCE

Paul Hirst and Grahame Thompson

i

Polity Press
 Contents

Acknowledgements vi

1 Introduction: Globalization - A Necessary Myth? 1

2 Globalization and the History of the International Economy 18
3 Trade, Foreign Direct Investment and International
Inequality 51
4 Multinational Corporations and the Globalization Thesis 76
5 Economic Backwardness and Future Prosperity:
The Developing Economies and Globalization 99
6 Economic Governance Issues in General 121
7 The European Union as a Trade Bloc 152
8 Globalization, Governance and the Nation State 170
9 Conclusion 195
Appendix Data Set Construction 202
Notes 206
Further Reading 212
References 213
Index . 223