Great Surges of development and alternative forms of globalization

Abstract

The present understanding of globalization is inextricably tied to the free market ideology for both proponents and opponents. This paper will argue that globalization has many potential forms of which the neo-liberal recipe, applied up to now, is only one. Globalization need not be neo-liberal. A pro-development version of globalization has not yet been designed or defended as such. It will be argued that, without it, not only would it be very difficult to relaunch development in the South but also to overcome the present instabilities, imbalances and recessionary trends in the economies of the North.