This book is a clear, imaginative and wide-ranging picture of the globalising world, written for a general educated readership. It is not an argument for or against globalisation but a careful and thorough analysis of the issues involved, drawing on scholarly study and debate but avoiding technical issues and demanding detail. Organised in two parts, it explores the economic theory behind globalisation, then the political and social consequences and concludes with the various options for nations in a globalised world. Distinctive in setting globalisation in a historical context also inteprets it from the point of view of a small, rich economy. In each section individual chapter focus on a particular historical experience, typically in a single country; for example, a chapter on cities and industry economies of scale focuses on New York; one on technology transfer focuses on Japan; one on nationalism focuses on Germany.
Dedication
Preface: Yet Another Book on Globalisation?
A Note on Statistics
Pt. 1 Diminishing Distance
1 Globalisation: An Introduction 2
2 The Significance of Location: Samoa and Hawaii 10
3 When Distance Changes: New Zealand 18
4 Regions and Economies of Scale: The United States 26
5 The Forces of Agglomeration: New York 33
6 Competitive Advantage: Nokia 38
7 Offshoring: India 44
8 Intra-Industry Trade: Motor Vehicles 50
9 Migration: Mexico 56
10 Locating the World's Population: Aging 62
Pt. 2 The Nation-State and Diminishing Distance
11 Sovereignty: Time 69
12 The Nation-State: Germany 77
13 Cultural Convergence: Canada 85
14 The Diaspora: Australia 92
15 The Social Market Economy: The European Union 97
16 Policy Convergence: Health Care 104
17 The International Trading System: The World Trade Organization 111
18 The International Financial System: The IMF 120
19 Foreign Direct Investment: McDonald's 129
Pt. 3 Economic Development
20 How Economies Develop: Smith to Solow and Beyond 137