Globalization, Export Processing Zones, and Beyond
Discuss the connection of export processing zones (EPZs) to the growth of what McMichael calls "the globalization project". Why are EPZs consistent with the logic of neoliberal globalization? How has the growth of these zones been encouraged by the actions of key governing institutions in the globalization project? What was the relationship between the debt crisis of the early 1980s, the growth of structural adjustment programs and the growth of EPZs?
Moshe Lokshin
209476169
Globalization, Export Processing Zones, and Beyond
Prepared for Political Science 1090 Course
"Globalization - the first historical system to include the entire globe within its geography"
- Immanuel Wallerstein (1997)
We live in an age of global visions, where differences in time, space, nationality, and culture seem to have melted away, and globalization has become a defining term for the current era. It is the massive chain of events, a comprehensive global movement primarily concerning international economic growth, development, and integration of markets that has helped raise the standard of living for many people worldwide. It has also, however, driven many deeper into poverty. McMichael, in his book “Development and Social Change”, expands on critical events that led to the spark of the globalization project such as the rise of Export Processing Zones (EPZ), the debt crisis, the neo-liberal approach, and many others.
This paper reviews the rise of Export Processing Zones in the developing world as a widespread aspect of the current trend of economic globalization. This economic globalisation is providing immense wealth to various multinational companies, also known as transnational corporations. However what impact do these EPZs have on their host countries? Do they assist to, or hinder, development in the developing countries? In this paper it will be argued that the existence of the EPZ has been a key aspect in the rise of the globalization
Moshe Lokshin
209476169
Globalization, Export Processing Zones, and Beyond
Prepared for Political Science 1090 Course
"Globalization - the first historical system to include the entire globe within its geography"
- Immanuel Wallerstein (1997)
We live in an age of global visions, where differences in time, space, nationality, and culture seem to have melted away, and globalization has become a defining term for the current era. It is the massive chain of events, a comprehensive global movement primarily concerning international economic growth, development, and integration of markets that has helped raise the standard of living for many people worldwide. It has also, however, driven many deeper into poverty. McMichael, in his book “Development and Social Change”, expands on critical events that led to the spark of the globalization project such as the rise of Export Processing Zones (EPZ), the debt crisis, the neo-liberal approach, and many others.
This paper reviews the rise of Export Processing Zones in the developing world as a widespread aspect of the current trend of economic globalization. This economic globalisation is providing immense wealth to various multinational companies, also known as transnational corporations. However what impact do these EPZs have on their host countries? Do they assist to, or hinder, development in the developing countries? In this paper it will be argued that the existence of the EPZ has been a key aspect in the rise of the globalization
Cited: (Continued): - Rondinelli, Dennis A. "Export Processing Zones and Economic Development in Asia: A Review and Reassessment of a Means of Promoting Growth and Jobs." American Journal of Economics and Sociology 46(1987): 90-91. - "Structural Adjustment." Wikipedia. 2009. Wikipedia / Free Encyclopedia. Web.17 May 2009. . - Zajda, Joseph. International Handbook on Globalisation Education and Policy Research. New Jersey: Springer, 2005. Print. ----------------------- Globalization, Export Processing Zones, and beyond