Origins and consequences of economic globalization: moving beyond a flawed orthodoxy
Author's Department
Political Science Department
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https://doi.org/10.1177/1354066120983423
Document Type
Research Article
Publication Title
European Journal of International Relations
Publication Date
6-1-2021
doi
10.1177/1354066120983423
Abstract
Contemporary economic globalization is typically seen as a product of both trade and economic liberalization after the Second World War and of technological advances that have made it possible to overcome coordination and management of geographically dispersed production units. Trade liberalization and technological advances were certainly important variables, but I argue that it was neo-protectionist American policies of the early 1980s that provided the initial catalyst for globally networked production processes. American protectionism encouraged Japanese investment in the United States that allowed US car manufacturers to learn the essentials of network manufacturing as practiced by Japanese transplants in the United States. In the next stage of global network manufacturing, liberal trade played a much more pivotal role because the global supply chains could not obviously be maintained without liberal trade. In this paper, I also discuss the likelihood of a reversal and suggest that globalization is unlikely to reversed in a significant way. Liberal trade is essential to the integrity of global supply chain networks, but these new production processes have themselves created a firewall against future systemic protectionism.
First Page
428
Last Page
449
Recommended Citation
APA Citation
Maswood, S.
(2021). Origins and consequences of economic globalization: moving beyond a flawed orthodoxy. European Journal of International Relations, 27(2), 428–449.
10.1177/1354066120983423
https://fount.aucegypt.edu/faculty_journal_articles/2675
MLA Citation
Maswood, Syed Javed
"Origins and consequences of economic globalization: moving beyond a flawed orthodoxy." European Journal of International Relations, vol. 27,no. 2, 2021, pp. 428–449.
https://fount.aucegypt.edu/faculty_journal_articles/2675