Globalization, the Latest Mode of Production in the World System

Work thumb

Views: 152

  • Title: Globalization, the Latest Mode of Production in the World System: How Regional Powers Have Intensified and Expanded Capitalism
  • Author(s): Melsome Mordechai Nelson-Richards, Shingai Mutizwa-Mangiza
  • Publisher: Common Ground Research Networks
  • Collection: Common Ground Research Networks
  • Series: Global Studies
  • Journal Title: The International Journal of Interdisciplinary Global Studies
  • Keywords: Social Relations of Production, Capitalist Mode of Production, Global Financial Crisis, Foreign Direct Investment, Pre-capitalist Mode of Production, Conventions, Treaties and Protocols
  • Volume: 13
  • Issue: 2
  • Year: 2018
  • ISSN: 2324-755X (Print)
  • ISSN: 2324-7568 (Online)
  • DOI: https://doi.org/10.18848/2324-755X/CGP/v13i02/29-43
  • Citation: Nelson-Richards, Melsome Mordechai, and Shingai Mutizwa-Mangiza. 2018. "Globalization, the Latest Mode of Production in the World System: How Regional Powers Have Intensified and Expanded Capitalism." The International Journal of Interdisciplinary Global Studies 13 (2): 29-43. doi:10.18848/2324-755X/CGP/v13i02/29-43.
  • Extent: 15 pages

Abstract

This article examines globalization as a mode of production, tracing it from the pre-capitalist mode in Africa and linking it to the capitalist mode and, finally, the globalization mode. It is intensified and directed by the USA and the European Union through global foreign direct investment, treaties, conventions, and other initiatives by the European Union. It concludes that Asia, free from civil strife for five decades (unlike Africa), and with less stranglehold by capitalism and implementing progressive policies, has fared much better.