Economic theories of Globalization

This chapter will show how the notions globalization, capitalism and markets can be used for analyzing economic globalization. We will look at the globalization of markets, from the local market that offers fruits from all over the world to contemporary financial markets that operate around the clock due to a shift work by traders around the globe. This will take us to analyses of global interdependency patterns, but this can only be done if one takes the theories that people have developed to understand the economy into account.