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Globalization: A Basic Text, 2nd Edition by Paul Dean, George Ritzer

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CHAPTER 6STRUCTURING THE GLOBAL ECONOMY

Because of the importance of the economy in globalization, we devote two chapters to it. In this chapter the focus is on economic structures, while in the next the focus shifts to economic processes and flows. However, it is useful to reiterate the point that this is a largely artificial distinction since structures are composed of processes and processes can be structured.

We will show how the economic structure known as the Bretton Woods System emerged and shaped global economic flows for decades. In response to newer global developments, this system has been superseded by several new global institutions, which are the focal point of many conflicts that will be explored in subsequent ...

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