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The "globalization of economic relations" hypothesis is becoming more prominent in everyday social science and public affairs. As multinational and transnational corporations continue to grow, goods, services and money become increasingly mobile. Advocates of the hypothesis claim that this mobility creates forms of competition beyond the current nationally organized forms of a worker representation and state representation. Defined in this manner, globalization can be seen as a threat to welfare states, policies of full employment and national living standards.; examining the underlying assumptions of the globalization arguments, the authors investigate the changing relationships between the local and the global, the territorialization of economic life and the organization of labour.
Introduction: Globalization and its Politics in Question, Kevin R. Cox 1. Territories, Flows, and Hierarchies in the Global Economy, Michael Storper 2. Between the Global and the Local: The Spatial Limits to Productive Capital, Meric S. Gertler 3. Strategic Localization: The Myth of the Postnational Enterprise, Andrew Mair 4. The Informational Content of Financial Products and the Spatial Structure of the Global Finance Industry, Gordon L. Clark and Kevin O'Connor 5. Globalization and the Politics of Distribution: A Critical Assessment, Kevin R. Cox 6. Neither Global nor Local: "Glocalization" and the Politics of Scale, Erik Swyngedouw 7. Labor as an Agent of Globalization and as a Global Agent, Andrew Herod 8. Social Democracy and External Constraints, Ton Notermans 9. Representation Unbound: Globalization and Democracy, Murray Low

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