Mercantilism and the Struggle for Late Industrialization in an Age of Globalization
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Date
2008
Authors
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Journal ISSN
Volume Title
Publisher
Palgrave Macmillan
Abstract
The last few decades have witnessed a spirited debate over globalization and the real or perceived
impact of global economic integration on the performance of national economies (Weiss, 1998; 1999;
Rodrik, 2001; Chang, 2007). The debate appeared, for a time, to be polarized between the theorists of
global market integration (eg Ohmae, 1995; Dollar, 2001) and those that are critical of the
globalization orthodoxy (Weiss, 1998; Rodrik, 1999; Chang, 2002; Amsden, 2005). The former group
celebrated the convergence of different species of capitalism on the Anglo-American norm of “free
trade”; the latter underscored cross-national variations in capitalist development. One group announced
the rise of the “borderless world” signifying the sovereignty of private capital over sovereign states; the
other documented the enduring significance of nation-states in the “global” political economy. One
team celebrated the “death” of industrial policy; the other appreciated the changing, but not ending,
significance of industrial policy (Rodrik, 2004; Chang, 2007).
Description
Keywords
Mercantilism, Struggle, Industrialization, Age, Globalization
Citation
Kiiza, Julius 2008: Mercantilism and the Struggle for Late Industrialization in an Age of Globalization, in Joseph Mensah (ed.), Neoliberalism and Globalization in Africa: Contestations from an Embattled Continent, (N.Y: Palgrave MacMillan), pp. 177-2021