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Globalization, the Distribution of Power and Full Employment


  • Cornwall, J.
  • Cornwall, W.


Power and conflict play virtually no role in mainstream economics, the main reason being the pervasive influence of the competitive model and the difficulty in incorporating quantitavely in formal models. Following some preliminary remarks on power, we proceed to an historical explanation of the shifts of power and their impact on institutions, i.e., the rules, laws and customs that govern behaviour, and on economic performance. The paper concludes with an evaluation of Kalecki's and Keynes' views and the outlook in the near future for globalization, the distribution of power and full employment.

Suggested Citation

  • Cornwall, J. & Cornwall, W., 1999. "Globalization, the Distribution of Power and Full Employment," Department of Economics at Dalhousie University working papers archive 99-06, Dalhousie, Department of Economics.
  • Handle: RePEc:dal:wparch:99-06

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    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • F15 - International Economics - - Trade - - - Economic Integration
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General


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