Capitalism In The Age Of Globalization

This is an analysis of the increasingly differentiated regions of the South, the former Eastern bloc countries and Western Europe. The author integrates his economic arguments about the nature of the crisis with political arguments based on his vision of human history as the product of social response to material realities. The book analyzes the rise of ethnicity and fundametalism, and deconstructs the Bretton Woods institutions - notably the IMF and the World Bank - as managerial mechanisms proptecting the profitability of capital. Looking ahead, Amin rejects the apparent inevitability of globalization in its present polarizing form, and the simple-minded equation of development with market expansion, and instead asserts the need for each society to negotiate the terms of its inter-dependence with the rest of the global economy.