By V. Spike Peterson

This booklet rewrites worldwide political financial system through bringing disparate beneficial properties of globalization into relation and delivering an obtainable narrative of "how we bought here," "what's going on," and "what it capacity" from a serious vantage aspect.

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Extra resources for A Critical Rewriting of Global Political Economy: Integrating Reproductive, Productive and Virtual Economies

Sample text

Three interrelated observations provide context. First, the new technologies transform production processes, their (networked) organization, and their global effects. This is the more familiar and relatively well-mapped terrain of political economy, whether its analysts are applauding or criticizing these changes. Second, the application of information and communication technologies (which is determined by social forces) underpins the extraordinary speed and scale of globalization. This area is also well mapped in conventional, and not just economic, 8 Context and objectives accounts.

Second, "because information is an integral part of all human activity" the effects of the new technology are pervasive and "all processes of our individual and collective existence are directly shaped (although certainly not determined) by the new technological medium" (70). Third, given the increasing complexity of interaction and unpredictability of development patterns, networking logic is key to "using these new information technologies," network diffusion is exponential, and the "penalty for being outside the network increases with the network's growth" (70-71).

There remains however a deeper problem with my structural orientation. The most glaring omission in the book is inattention to individual and collective agency. Given the book's focus and space limitations, I was unable to incorporate these aspects, in spite of gesturing toward them at various points. The underdevelopment of agency lends structures a more "overpowering" sense than I intend but inadequately dispel. My relative inattention to agency is linked to an additional omission: forms of activism and resistance.

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