Transformation of Society: Implications for Globalization

Jack N. Behrman

in Making Globalization Good

Published in print April 2003 | ISBN: 9780199257010
Published online November 2003 | e-ISBN: 9780191596223 | DOI:
 Transformation of Society: Implications for Globalization

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This chapter looks beyond the transformation of economic priorities to those of society (or societies) at large, asking what are the challenges and opportunities of global capitalism for wider societal aspirations and goals, and what are the implications for the attitudes and behaviour of individuals and communities. In the analysis he presents, Jack Behrman pays especial attention to those goals of society, such as good health and the absence of violent behaviour, that are not normally captured in the standard measures of economic welfare. He identifies and discusses seven criteria of acceptability of a new global order, and outlines the contribution of the different elements of society in promoting these in an equitable and sustainable way. Behrman believes that the extended geographical radius of capitalism demands a careful reappraisal of its moral foundations, and offers a blueprint of how such a transformation may be accomplished by a reconfiguration of values and responsibilities.

Keywords: capitalism; civil society; economic welfare; equitability; global capitalism; globalization; morality; responsibility; sustainability; transformation of society; values

Chapter.  18447 words. 

Subjects: International Economics

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