Show Summary Details

p. 815. Has capitalism gone global?locked

  • James Fulcher

Abstract

What is ‘global capitalism?’ Economies no longer operate in isolation, producing goods at home for export abroad. Companies now run manufacturing operations in many different countries spread across the world. ‘Has capitalism gone global?’ explores four myths of global capitalism. Firstly, global capitalism is not new. The early capitalism of the 15th and 16th centuries was global in nature as it involved world-wide trading activities. Secondly, how global is global capitalism? In reality, most capital moves between a small group of rich countries. Thirdly, global organization of capital has not replaced its national organization. Finally, global capitalism has not integrated the world; inequalities increasingly divide it.

Access to the complete content on Very Short Introductions online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can't find the answer there, please contact us.