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AftermathA New Global Economic Order?$
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Craig Calhoun and Georgi Derluguian

Print publication date: 2011

Print ISBN-13: 9780814772836

Published to NYU Press Scholarship Online: March 2016

DOI: 10.18574/nyu/9780814772836.001.0001

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PRINTED FROM NYU Press SCHOLARSHIP ONLINE (www.nyu.universitypressscholarship.com). (c) Copyright University of NYU Press Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in NYSO for personal use.date: 23 October 2019

A Savage Sorting of Winners and Losers, and Beyond

A Savage Sorting of Winners and Losers, and Beyond

Chapter:
(p.21) Chapter 1 A Savage Sorting of Winners and Losers, and Beyond
Source:
Aftermath
Author(s):

Saskia Sassen

Publisher:
NYU Press
DOI:10.18574/nyu/9780814772836.003.0002

This chapter integrates political economy with the spatial transformations of capital accumulation on a global scale in analyzing the winners and losers of the “savage sorting.” It views the world in which governments, especially in rich countries, support or even produce intensive privatization and mirror this in their regulatory and tariff policies. Rich governments typically combine advocacy for free trade with fiscal policies that make financing available for efforts to extend profit extraction into what had previously seemed unlikely domains. But at the same time, those economies are being subjected to new sorts of globalization that both challenge the tools governments use to manage domestic affairs and move entire sectors of production from one country to another. In less rich countries, the expansion of capitalist investment can offer opportunities—as it has in China.

Keywords:   capital accumulation, savage sorting, rich countries, intensive privatization, tariff policies, free trade, globalization, capitalist investment

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