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Other Titles by John Dunning

Second, what of the legal and institutional implications of alliance capitalism? Partly, too, the growth of cross-border alliances and inter-firm networks poses its own unique challenges to national administrations. Alliance capitalism opens up a whole new set of issues related to competition, trade, the environmental et al. These, unless efficiently and equitably resolved, can undermine the beneficial effects of both intra- national and international market transactions.

The growth of macro-regional entities, e.

The EU and Global Capitalism: Origins, Development, Crisis

Such supra-national intervention in the global marketplace is as necessary to prevent market distorting behavior on the part of national governments as it is on the part of business corporations. The moral challenge of global capitalism Let me now turn more specifically to the moral challenges posed by global capitalism. Where next then, one might ask?

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What does this mean? Well, it is my belief that global capitalism can succeed, but. An unknown error has occurred.

The Future of Global Capitalism with David Harvey

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Global Capitalist Crisis and Trump’s War Drive | Opinion | teleSUR English

Global Capitalism at Bay? By John H.

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Capitalism is a great engine, but the road it takes is signposted by prices. Get the prices wrong and the engine moves fast but in the wrong direction.

Can Democracy Survive Global Capitalism? (Hardcover)

And, going into , many prices are wrong. A few examples: the price of carbon, the price of dumping plastic into oceans, and the price of unpaid family care. As a broad proposition, there is a paradox in our system; in most countries, labor is taxed and fossil fuels are subsidized, while politicians and citizens in these countries insist they want more jobs and less pollution. With carbon emissions rising to record levels and employment rates falling, the price distortions are taking a toll. The second battle is around competition. Capitalism delivers for society as a whole when there is strong competition.

It delivers for individual companies and their shareholders when competition is weak.

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In the U. With more companies enjoying economic rents from patent and copyright returns, competition is becoming harder to achieve and winner-take-all companies are emerging. The third battle is over capitalism and globalization. Large companies of course have long favored globalization, but, as Harvard economist Dani Rodrik has argued , the pressure to succeed in global competition can undercut the very social, legal, and political institutions that give capitalism legitimacy. Brexit is one example of this pressure at work.

The decision to leave was not a way of retreating from global trade; quite the contrary, during current Brexit negotiations, the United Kingdom has clearly shown that it seeks to maximize opportunities for trade. Rather, the decision to leave was built upon a narrative of restoring sovereignty and control over domestic institutions to the British Parliament rather than to Brussels. More recently, Rodrik argues that the stability for investors based on a rules-based order might actually be an obstacle to experimentation, in that different forms of a social compact would better combine globalization and sovereignty.