Chapter

The Truncated Nature of Globalization

Baldev Raj Nayar

in The Geopolitics of Globalization

Published in print December 2007 | ISBN: 9780195693034
Published online October 2012 | e-ISBN: 9780199081783 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780195693034.003.0003

Series: Oxford India Paperbacks

The Truncated Nature of Globalization

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Despite the extensive geographic scope of economic globalization, it is unevenly spread across the globe. It is heavily concentrated in the developed or industrial countries such as Japan, the United States, and the European Union—also known as the ‘Triad’. This heavy concentration in favor of the triad occurs by way of foreign trade and foreign direct investment flows, while the rest of the world seems to have been marginalized economically. Indeed, the developed countries dominate exports and foreign direct investments (both inflows and outflows). This chapter discusses the truncated nature of globalization. It argues that the empirical data confirm the highly uneven or asymmetrical spread of globalization, citing foreign trade, foreign direct investment flows, and the home location of transnational corporations as evidence.

Keywords: globalization; Japan; United States; European Union; Triad; foreign trade; foreign direct investments; transnational corporations; developed countries; exports

Chapter.  1876 words. 

Subjects: Political Economy

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