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Abstract
Samir Amin remains one of the world's most influential thinkers about the changing nature of North-South relations in the development of contemporary capitalism. In this highly prescient book, originally published in 1997, he provides a powerful analysis of the new unilateral capitalist era following the collapse of the Soviet model, and the apparent triumph of the market and globalization.
Amin's innovative analysis charts the rise of ethnicity and fundamentalism as consequences of the failure of ruling classes in the South to counter the exploitative terms of globalization. This has had profound implications and continues to resonate today. Furthermore, his deconstruction of the Bretton Woods institutions as managerial mechanisms which protect the profitability of capital provides an important insight into the continued difficulties in reforming them. Amin's rejection of the apparent inevitability of globalization in its present polarising form is particularly prophetic - instead he asserts the need for each society to negotiate the terms of its inter-dependence with the rest of the global economy.
A landmark work by a key contemporary thinker.
Samir Amin is a renowned radical economist, the director of the Forum du Tiers Monde (Third World Forum) in Dakar, Senegal, and chair of the World Forum for Alternatives.
'The analyses of Samir Amin, based on wide-ranging historical knowledge combined with intelligent use of theory, give us the solid anchors we need to understand current realities. They are often provocative and always prudent, which is why they are mandatory reading.'
Immanuel Wallerstein, Yale University
'Samir Amin's writings are informed by depth of political economy and breadth of history. Grounded in the analytical tools of historical materialism and guided by the political perspective of the working people, he is unwavering in his commitment to a better and more humane social order. In Capitalism in the Age of Globalization, Amin shows that there is indeed an alternative to the plunder and pillage of the last five centuries of capitalism and war mongering imperialism. A must read for anyone who is interested in a better world.'
Issa Shivji, University of Dar es Salaam
'This world-class economist is a serious Nobel Prize contender' - Economic Development and Social Change
'Amin's global intellectual reach enables him to deal with a wide variety of issues with magnificent ease and simplicity'
International Journal of Middle East Studies
'An easily accessible sampling of this pioneering analyst's reflections about the dynamics of late twentieth century capitalism and its implication for poor countries and poor people'
Solon Barraclough, senior consultant, UNRISD
Table of Contents
Section Title | Page | Action | Price |
---|---|---|---|
Front cover | Front cover | ||
critique influence change | i | ||
About the author | iv | ||
Title | v | ||
Copyright | vi | ||
Contents | vii | ||
Acronyms | ix | ||
Foreword | xi | ||
Notes | xiv | ||
Preface to the critique influence change edition | xv | ||
Generalized Monopoly Capitalism | xvii | ||
The Triumph of Abstract Capital | xviii | ||
The Financialization and Globalization of Capitalism | xix | ||
Financial Oligarchy and Generalized Proletarianization | xx | ||
Plutocracy: The New Ruling Class of Senile Capitalism | xx | ||
Crony Capitalism Goes Global | xxi | ||
The New Business Class in the Peripheries | xxii | ||
A Generalized but Segmented Proletariat | xxiii | ||
A Shift in the Centre of Gravity of Global Capitalism? | xxiv | ||
A Conflict with Great Potential for Progress | xxv | ||
Emerging Economies and Affirmation of Sovereignty | xxvi | ||
Political Projects, Social Bases and Legitimacy | xxvii | ||
The Implosion of Contemporary Capitalism | xxix | ||
Note | xxx | ||
Introduction | xxxi | ||
1 The Future of Global Polarization | 1 | ||
Unequal Development and the Historical Forms of Capitalism | 1 | ||
The Present World System and the Five Monopolies of the Centre | 3 | ||
An Alternative Humanist Project of Globalization | 5 | ||
Obstacles to the Realization of this Project | 6 | ||
Possible Future Scenarios and their Inadequacy | 8 | ||
Renewing a Perspective of Global Socialism | 10 | ||
2 The Capitalist Economic Management of the Crisis of Contemporary Society | 12 | ||
The ‘Laws of History’: Capitalism Expansion Not Synonymous with Development | 14 | ||
The Institutional Structure: The Bretton Woods Institutions | 17 | ||
The IMF | 18 | ||
The World Bank | 23 | ||
GATT–WTO | 26 | ||
Globalization: The Necessity of International Economic Management | 31 | ||
Reforming Bretton Woods | 39 | ||
References | 45 | ||
3 Reforming International Monetary Management of the Crisis | 46 | ||
Background | 46 | ||
Flexible Exchange Rates are No Solution | 47 | ||
Reform Proposals Emanating from the Mainstream | 49 | ||
An Alternative Vision: Polycentric Regionalization | 51 | ||
4 The Rise of Ethnicity: A Political Response to Economic Globalization | 55 | ||
The Postwar Cycle (1945-90) and the New Globalization | 56 | ||
The Disintegration of the State and the New Ethnic Ideologies in the Third World | 61 | ||
Globalization and the Crisis of the Nationhood | 64 | ||
The Current Management of the Crisis and its Alternatives | 72 | ||
Further Thoughts on Universalism versus Particularism and the Socialist Response to Nationalism | 79 | ||
References | 92 | ||
5 What are the Conditions for Relaunching Development in the South? | 93 | ||
Development off the Agenda | 93 | ||
Contemporary Society is in Crisis, but there is Not Yet a Crisis of Capitalism | 95 | ||
Solutions: Liberalism without Borders? | 98 | ||
Nationalism | 99 | ||
The Dangers of Anti-Democratic Regression: The Ethnic Assault, Religious Fundamentalism and Neo-Fascism | 101 | ||
Reflections on a Counter-Project: Some Basic Propositions | 103 | ||
Notes | 107 | ||
References | 107 | ||
6 The Challenges Posed by Globalization: The European Case | 108 | ||
The Lack of Political Complimentarity in the Postwar European Economic Community Project | 108 | ||
The EC’s Achievements: A Balance-Sheet | 113 | ||
The Future of European Integration in the Age of Globalization | 118 | ||
A Different Future: A Radical Vision for Europe | 130 | ||
References | 133 | ||
7 Ideology and Social Thought: The Intelligentsia and the Development Crisis | 134 | ||
Social Theory and the Critique of Capitalism: Marxism, Postmodernism and the Social Movements | 134 | ||
The Intelligentsia vis-à-vis Mental Operatives | 140 | ||
Development: Contrasting Critiques | 142 | ||
The Analyses and Strategies put forward by the Third World Intelligentsia | 147 | ||
A New Agenda: Analysing the Diversity of the Third World and Reconstructing the Social Power of the Popular Classes | 148 | ||
References | 152 | ||
Index | 153 | ||
Back cover | Back cover |