The Challenge of Global Capitalism: The World Economy in the 21st Century.(Review) (book review)

The Challenge of Global Capitalism: The World Economy in the 21st Century. By Robert Gilpin, with the assistance of Jean Millis Gilpin. Princeton, NJ: Princeton University Press, 2000. 373p. $29.95.

The word globalization first appeared in the second half of the 1980s and now has become the most ubiquitous in the language of international relations. It has spawned a new vocabulary: globaloney (Why all the hype when the global economy was more integrated in the age of Queen Victoria?): globaphobia (the new, mainly mistaken, backlash); globeratti (the members of the international ...

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