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Globalization as the Institutionalization of Neoliberalism: Commodification, Financialization, and the Anchorless Economy

In: Institutions and Market Economies

Author

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  • Robert H. Wade

Abstract

‘Globalization’ is normally taken to mean a high- or fast-rising level of economic interdependence across distances, and the informational connectivity that goes with it. But globalization in this sense is the surface manifestation of a more basic process in the political-economy world order, which could be described as the deepening institutionalization of a neoliberal mode of capitalism.

Suggested Citation

  • Robert H. Wade, 2007. "Globalization as the Institutionalization of Neoliberalism: Commodification, Financialization, and the Anchorless Economy," Palgrave Macmillan Books, in: W. R. Garside (ed.), Institutions and Market Economies, chapter 11, pages 250-277, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-38994-6_11
    DOI: 10.1057/9780230389946_11
    as

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