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Still Underwhelmed: Indicators of Globalization and Their Misinterpretation

Author

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  • Bob Sutcliffe

    (University of the Basque Country, Bilbao, Apartado 221, 48300 Gernika, Spain, bobsutcl@sarenet.es)

  • Andrew Glyn

    (Corpus Christi College, Oxford, 167 Divinity Road, Oxford, United Kingdom, andrew.glyn@corpus-christi.oxford.ac.uk)

Abstract

Globalization is widely misinterpreted. In particular Its quantitative extent and novelty are exaggerated. This article aims to put the facts in historical and statistical perspective. It criticizes the use of inappropriate statistical measures, conclusions drawn from little data, and the failure to make historical comparisons, or to see counter-globalization tendencies and limits to globalization. The best measures suggest that globalization is neither so new nor so great as is often supposed. The political implications of this argument are briefly explored.

Suggested Citation

  • Bob Sutcliffe & Andrew Glyn, 1999. "Still Underwhelmed: Indicators of Globalization and Their Misinterpretation," Review of Radical Political Economics, Union for Radical Political Economics, vol. 31(1), pages 111-131, March.
    • Handle: RePEc:sae:reorpe:v:31:y:1999:i:1:p:111-131
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    Cited by:

    1. Nitzan, Jonathan & Bichler, Shimshon, 2018. "El capital como poder. Un estudio del orden y el creorden," EconStor Books, ZBW - Leibniz Information Centre for Economics, number 177844, June.
    2. Nitzan, Jonathan, 2001. "Regimes of Differential Accumulation: Mergers, Stagflation and the Logic of Globalization," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 8(2), pages 226-274.
    3. Robert Pollin, 2002. "Globalization and the Transition to Egalitarian Development," Working Papers wp42, Political Economy Research Institute, University of Massachusetts at Amherst.

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