Global Shift: Mapping the Changing Contours of the World Economy

Topics: Economics, Economy, Globalization Pages: 4 (1198 words) Published: April 20, 2008
Critical Review
Global Shift: Mapping The Changing Contours of the World Economy

When the term “Globalization” is discussed, most academics, scholars, professionals and intellectuals attempt to define and interpret it in a summarized fashion. My main concern with this approach is that one cannot and should not define a process that altered decades of history and continues to, in less than 30 words. Global Shift is a book with remarkable insight. Peter Dicken rather than attempting to define the commonly misused word, explains Globalization in a clear and logical fashion, which interconnects numerous views. Dicken takes full advantage of his position to write and identify the imperative changes of political, economic, social, and technological dimensions of globalization.

The case studies and examples in his book support key theoretical arguments; but the primary deficiency is it doesn’t have real life examples that elaborate on the theories. The book’s youngest audiences are undergraduates, and it is intended to educate and guide them towards the true meaning of globalization. No matter how explicate the theory is, it is very important to support it with specific examples. In chapter one Dicken points out “There is real danger of resource exhaustion in specific areas…geopolitical complication that access to localized resource (like oil, for example) may be restricted from time to time by states within whose territory it is located.”(Dicken2007 p.25) Imbedding an example such as “When the 1973 Arab Oil Embargo removed about 25% of the worlds daily crude oil from the market ─ oil prices increased significantly.” (McPherson) brings additional insight and understanding to a significant issue or event. Dicken’s writing style doesn’t emphasize on examples. They are the cornerstone of good reasoning, drawing pictures and allowing the reader to relate and receive an enhanced view of his arguments.

Throughout the chapters assigned, Dicken focuses on the...

References: Dicken, P. (2007) Mapping The Changing Contours of the World Economy. (5th edn), Sage Publication, London
Kewely, S. (2007) ‘Global Shift – Japan: Is the Sun Setting on the First Asian Economic superpower?’, lecture presented in MA global management program, 19 October, RBS London
Kewely, S. (2007) ‘European Firms: Global Expansion, Renault Nissan/Daimler Benz Chrysler’, Case study presented in MA global management program,15 October, RBS London
McPherson, R (2007) ‘Strategic Fuels Programs and Issues for United States Security’ [online] Available from

Ohmae, K. (1990) The Borderless World: Power and Strategy in the Interlinked Economy. New York: The Free Press.
Yeung, H.W-c (2000) The dynamics of Asian business systems in a globalizing era, Review of International Political Economy, 7: 411-424.
World Investment Report, UNCTAD [online] (cited 16/10/2007) Available from
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