Chapter

Globalisation, corporate structural power and social policy

Kevin Farnsworth

in Corporate power and social policy in a global economy

Published by Policy Press

Published in print January 2004 | ISBN: 9781861344748
Published online March 2012 | e-ISBN: 9781447301998 | DOI: http://dx.doi.org/10.1332/policypress/9781861344748.003.0003
Globalisation, corporate structural power and social policy

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At its simplest, globalisation refers to the dramatic increase in the flow of goods, services, economic stocks and information between people, firms and states, over increasingly large distances, since the 1970s. This chapter looks specifically at economic globalisation — the international growth of trade in goods and services and the increased movement of capital across borders — and its impact on corporate structural power which, in turn, has implications for social policy. It argues that globalisation impacts on the balance of power within capitalist states in favour of capital, and that this can have a negative impact on social policy, although this is neither inevitable nor uniform in its occurrence between states and over time. The chapter aims to gauge the extent to which economic globalisation impacts on corporate structural power and assess the possible implications of this for social provision.

Keywords: economic globalisation; corporate structural power; capitalist states; social provision; social policy

Chapter.  10358 words.  Illustrated.

Subjects: Comparative and Historical Sociology

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