Global capitalism and the state

Abstract

‘Globalization’ is a term that has come to be used in recent years increasingly frequently and, arguably, increasingly loosely. In a close analysis of the term, the author focuses on the concept of globalization as the transcendence (rather than the mere crossing or opening) of borders arguing that this interpretation offers the most distinctive and helpful insight into contemporary world affairs. The article goes on to explore one of the key questions raised by this trend, namely, how the growth of supraterritorial space has altered capitalism in general, and the role of the state within capitalism in particular. The author concludes by suggesting that if globalization poses a threat, it is not (as is often argued) to the state itself, but rather to democracy.

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