TITLE

Globalization Or Maritime Empire in the Post-Cold War Era: When Policy Becomes War By Other Means

AUTHOR(S)

Hardy Jr., James D.; Hochberg, Leonard J.

PUB. DATE

March 2005

SOURCE

Journal of Global Competitiveness;2005, Vol. 13 Issue 1/2, p92

SOURCE TYPE

Academic Journal

DOC. TYPE

Article

ABSTRACT

In the aftermath of the collapse of the Soviet Union, numerous scholars and journalists have sought to make sense of an increasingly disordered world. Competing predictions abound, each asserting the primacy of one or another trend. Among the many predictions, "globalization" captured the imagination of many, particularly because of its fundamental appeal to progress and optimism. Friedman (1999) is perhaps the most popular theorist of globalization. We reconfigure the static Friedman model by suggesting that domestic and international pressures produce a dynamic situation in which regimes respond to domestic and international pressures by making strategic choices along two axes: autarchy versus globalization and welfare versus market forces in the determination of domestic income. Furthermore, over time, welfare-focused autarchy increases the economic cost multiplier, whereas market-focused globalization multiplies political insecurities. The implications of this reconfiguration include a possible return to mercantilism and maritime empire.

ACCESSION #

20398715

Tags: GLOBALIZATION;  INTERNATIONAL trade;  AUTARCHY;  MERCANTILE system

 

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