| By: |
Khan, Haider |
| Abstract: |
Globalization as a corporate-led process has come under much justifiable
criticism. This paper attempts to give the term analytic content distinct from
its more ideological formulations.. It then focuses on a normative analysis of
globalization from the capabilities perspective. A freedom-centered
perspective such as the capabilities approach emphasizes policies and
institutions that can enhance freedom globally and locally. A global
governance structure based on transparent principles of both economic
efficiency and social justice is shown to be a desirable state of affairs;
however, the present fractured process of globalization is more likely to end
up in a fragmenting regionalism or even national protectionism and rivalry.
Multilateral cooperation on the basis of the framework advanced here is an
urgent necessity.To this end the creation of international regimes of
cooperation in areas ranging from trade and finance to ecological and women's
and minorities rights issues must be put on the international and national
social and political agendas |
| Keywords: |
Globalization; Global Justice; Capabilities; Financial Crisis; Global Financial Architecture; Global Society |
| JEL: |
F42 F15 D31 B52 A13 D74 F59 F33 |
| Date: |
2008 |
| URL: |
http://d.repec.org/n?u=RePEc:pra:mprapa:7864&r=pke |