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Essay / Research Paper Abstract
5 pages in length. Geoffrey Garrett's Partisan Politics in the Global Economy and Wallerstein et al's "Post-War Trade Union Organization and Industrial Relations in Twelve Countries" found in Continuity and Change in Contemporary Capitalism simultaneously address the aspect of globalization and social democracy. The primary differences between the two works resides with the fact that Garrett claims there exists a contradiction between countries and transnationals whose objective is to make money with other countries whose primary interests are with arts and entertainment. Garrett's theoretical argument backs this up with empirical findings presented in his book, as well as
being supported by Wallerstein et al. No additional sources cited.
Page Count:
5 pages (~225 words per page)
File: LM1_TLCglbdm.doc
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Unformatted sample text from the term paper:
and Change in Contemporary Capitalism simultaneously addresses the aspect of globalization and social democracy. The primary differences between the two works resides with the fact that Garrett claims there
exists a contradiction between countries and transnationals whose objective is to make money with other countries whose primary interests are with arts and entertainment. Garretts theoretical argument backs this
up with empirical findings presented in his book, as well as being supported by Wallerstein et al. The 1980s reflected a time when powerful organized economic interests and social democratic
parties established successful mixed economies by promoting the combination of economic growth, full employment, as well as a degree of social equality. As Wallerstein et al reassess this argument, the
reader becomes aware of the fact that conventional wisdom is no longer readily applicable to reflect political and economic realities. Clearly, advanced democracies have addressed such challenges as change,
multinational competition, social conflict and the ultimate destruction of heretofore chartered patterns of political mobilization by responding in a path-dependent manner. With this in mind, the authors choose to
look beyond the fashionably widespread expectation contending that internationalization serves to make all democracies come together on similar economic and political institutions and power relations. Indeed, diversity among capitalist
democracies continues, while at the same time doing so in a divergent manner as compared with golden age of post World War IIs rapid economic growth (Wallerstein et al PG).
The extent to which capital is mobile in the current globalized economy is demonstrated by Garretts viewpoint - which lies with his economy
view - implying that globalization is responsible for the very nature of equitable commerce. Maintaining ones competitive edge while immersed within the global marketplace not only takes substance and
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