![]() The international economic system was ensconced largely in this inter-state system. But to a large extent these took place within the inter-state system, where the key articulators were national states. ![]() There have long been cross-border economic processes-flows of capital, labor, goods, raw materials, and tourists. One of the key properties of the current phase is the ascendance of information technologies and the associated increase in the mobility and liquidity of capital. O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.Each phase in the long history of the world economy raises specific questions about the particular conditions that make it possible. Get The Globalization and Development Reader: Perspectives on Development and Global Change, 2nd Edition now with the O’Reilly learning platform. And yet it seems reasonable to assume that there are significant links between globalization. Migrant women are just individuals making a go of it, after all, and the migration of workers from poor countries to wealthier ones long predates the current phase of economic globalization. The migration of maids, nannies, nurses, sex workers, and contract brides has little to do with globalization by these lights. In brief, the dominant narrative of globalization concerns itself with the upper circuits of global capital, not the lower ones, and with the hypermobility of capital rather than with capital that is bound to place. Globalization thus conceived privileges global transmission over the material infrastructure that makes it possible information over the workers who produce it, whether these be specialists or secretaries and the new transnational corporate culture over the other jobs upon which it rests, including many of those held by immigrants. Central to it are the global information economy, instant communication, and electronic markets – all realms within which place no longer makes a difference, and where the only type of worker who matters is the highly educated professional. This account of globalization is by far the dominant one. ![]() ![]() When today’s media, policy, and economic analysts define globalization, they emphasize hypermobility, international communication, and the neutralization of distance and place. 23 Global Cities and Survival Circuits (2002) ![]()
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