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By V. Spike Peterson

This booklet rewrites international political economic system by means of bringing disparate good points of globalization into relation and supplying an available narrative of "how we obtained here," "what's going on," and "what it capacity" from a severe vantage element.

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In short, information itself is the product and key to the production process, which has effects throughout the society because information is a pervasive feature of human thought and practice, linking all domains of action and connecting all agents and elements of such activities (78). Hence, the centrality of networking as the most appropriate logic, flexibility as the operative principle, and technological convergence as the developmental trajectory. What are the consequences of information technologies?

Tended to impact more heavily on 'lower' than 'higher' classes" (Scholte 2000, 239). Neoliberalism as the global regime — embodied in the formidable "rule setting" power of the International Monetary Fund (IMF), World Bank, World Trade Organization (WTO) — has favored further concentration of class advantages. Initially in developing countries through structural adjustment policies, and increasingly in developed countries, neoliberal reforms have constrained redistributive efforts and imposed tight fiscal policies without, however, clamping down on "what in effect amounts to tax evasion by the wealthy through offshore finance facilities" (Scholte 2000, 241).

If we liken neoliberal restructuring to a global "game" of capitalism, these enthusiasts fundamentally believe in the game at play. " Second, a small but increasing number of economists within the neoclassical school criticize globalization as currently practiced. They "fault neoclassical analyses for overlooking the substantial restructuring of national economies (and job losses) that are needed to bring about the much-hailed benefits of freer trade and the adverse employment effects of international outsourcing by TNCs [transnational corporations]....

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