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Globalization and the Emergence of a Transnational Oligarchy

  • Brezis, Elise S.

The aim of this paper is to examine the evolution of recruitment of elites due to globalization. In the last century, the main change that occurred in the way the Western world trained its elites is that meritocracy became the basis for their recruitment. Although meritocratic selection should result in the best being chosen, we show that meritocratic recruitment may actually lead to class stratification and auto-recruitment. In this paper, I show that due to globalization, the stratification effect will be even stronger. Globalization will bring about the formation of an international technocratic elite with its own culture, norms, ethos, and identity, as well as its private clubs like the Davos World Economic Forum. We face the emergence of a transnational oligarchy.

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Paper provided by World Institute for Development Economic Research (UNU-WIDER) in its series Working Paper Series with number UNU-WIDER Working Paper WP2010/05.

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Length: 25 pages
Date of creation: 2010
Date of revision:
Handle: RePEc:unu:wpaper:wp2010-05
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  1. Daron Acemoglu & Simon Johnson & James A. Robinson, 2000. "The Colonial Origins of Comparative Development: An Empirical Investigation," NBER Working Papers 7771, National Bureau of Economic Research, Inc.
  2. Miller, William, 1949. "American Historians and the Business Elite," The Journal of Economic History, Cambridge University Press, vol. 9(02), pages 184-208, November.
  3. Elise S. Brezis & Fran├žois Crouzet, 2004. "The Role of Higher Education Institutions: Recruitment of Elites and Economic Growth," CESifo Working Paper Series 1360, CESifo Group Munich.
  4. Galor, Oded & Tsiddon, Daniel, 1996. "Technological Progress, Mobility, and Economic Growth," CEPR Discussion Papers 1413, C.E.P.R. Discussion Papers.
  5. Derek A. Neal & William R. Johnson, 1995. "The Role of Pre-Market Factors in Black-White Wage Differences," NBER Working Papers 5124, National Bureau of Economic Research, Inc.
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