Contoversial exposé of US policy towards democracy in the Third World.

Advancing a new approach to the study of international order, this book highlights the stakes disguised by traditional theoretical languages of power transitions and hegemonic wars. Rather than direct challenges to US military power, the most consequential undermining of hegemony is routine, bottom-up processes of international goods substitution: a slow hollowing out of the existing order through competition to seek or offer alternative sources for economic, military, or social goods. Studying how actors gain access to alternative suppliers of these public goods, this volume shows how states consequently move away from the liberal international order. Examining unfamiliar – but crucial – cases, it takes the reader on a journey from local Faroese politics, to Russian election observers in Central Asia, to South American drug lords. Broadening the debate about the role of public goods in international politics, this book offers a new perspective of one of the key issues of our time.

In this critique of globalization, Burbach (director of the Center for the Study of the Americas) asserts that institutions such as the World Trade Organization and the International Monetary Fund, and the transnational corporations are intent upon exercising a new hegemony over our lives while the role of the traditional nation state is transformed. He builds his case by showing how a group of high-tech robber barons at the center of this power shift dominate the information age and exploit the technologies of globalization for their own narrow interests. Drawing on contemporary historical experiences, he discusses the emergence of an array of movements comprising the marginalized, the dispossessed, and those who refuse to accept the rule of the transnational elites. Distributed by Stylus. Annotation copyrighted by Book News Inc., Portland, OR

The authors offer a fresh and persuasive resolution to the controversy arising out of these contrasting traditions. Focusing on advanced industrial countries, Latin America, and the Caribbean, they find that the rise and persistence of democracy cannot be explained either by an overall structural correspondence between capitalism and democracy or by the role of the bourgeoisie as the agent of democratic reform. Rather, capitalist development is associated with democracy because it transforms the class structure, enlarging the working and middle classes, facilitating their self-organization, and thus making it more difficult for elites to exclude them. Simultaneously, development weakens the landed upper class, democracy's most consistent opponent.

This book discusses the nature of the new global capitalism, the rise of a globalized production and financial system, a transnational capitalist class, and a transnational state and warns of the rise of a global police state to contain the explosive contradictions of a global capitalist system that is crisis-ridden and out of control.

Sure to stir controversy and debate, A Theory of Global Capitalism will be of interest to sociologists and economists alike.