The World Economy, Market Imperatives and Alternatives

Authors

  • Gregory Albo

DOI:

https://doi.org/10.14452/MR-048-07-1996-11_2

Keywords:

Imperialism, Political Economy

Abstract

In the crisis after 1974, social democratic governments like Sweden's and technologically ascendant countries such as Germany seemed to be moving in very different directions from other capitalist countries. Today, these divergent economic paths seem to be only alternate routes converging in neoliberalism. The world economy in the 1990s, everyone now seems to agree, accommodates only one model of development: export-oriented production based on flexible labor markets, lower real and social wages, less environmental regulation and freer trade. Neoliberal economic strategies are proposed for conditions as vastly different as those faced by the new ANC government in South Africa, the transitional economies of Eastern Europe, and the new center-Left coalition in Italy.

Published

1996-12-02

Issue

Section

Articles