GLOBALIZATION: A WORLD-SYSTEMS PERSPECTIVE

Abstract

Using the world-systems perspective, this essay discusses the trajectories of several types of globalization over the last 100 years and the recent surge in public cognizance of global processes. It is found that different types of global-ization have different temporal characteristics. Some are long-term upward trends, while others display large cyclical oscillations. The factors that explain the recent emergence of the globalization discourse are examined, and this phenomenon is analyzed in terms of the contradictory interests of powerful and less-powerful groups. I contend that there is a lag between economic and political/cultural globalization, and that the latter needs to catch up if we are to convert the contemporary world-system of "casino capitalism" in to a more humane, democratic, balanced and sustainable world society.