Post by Sapphire Capital on Jul 28, 2008 22:41:29 GMT 4
Cultural Globalisation, Institutional Diversity and the Unequal Accumulation of Intellectual Capital
Ugo Pagano
University of Siena - Department of Economics
Cambridge Journal of Economics, Vol. 31, Issue 5, pp. 649-667, 2007
Abstract:
National economies used to be characterised by cultural standardisation and social protection. Globalisation pushes cultural standardisation beyond the boundaries of national states and induces a global dilution of the standards of social protection. At the same time, if national economies specialise according to their comparative institutional advantage, global economic integration may help promote institutional diversity and variety in welfare policies. However, the institution of a global system of intellectual property rights may seriously limit the biodiversity of capitalism and imply a global revenge of a new international form of Taylorism. The overall result may be a very unequal accumulation of intellectual capital. Paradoxically, the modern global economy may end up sharing some aspects of the agrarian societies that have been displaced by modern nation states.
papers.ssrn.com/sol3/papers.cfm?abstract_id=1146018
Ugo Pagano
University of Siena - Department of Economics
Cambridge Journal of Economics, Vol. 31, Issue 5, pp. 649-667, 2007
Abstract:
National economies used to be characterised by cultural standardisation and social protection. Globalisation pushes cultural standardisation beyond the boundaries of national states and induces a global dilution of the standards of social protection. At the same time, if national economies specialise according to their comparative institutional advantage, global economic integration may help promote institutional diversity and variety in welfare policies. However, the institution of a global system of intellectual property rights may seriously limit the biodiversity of capitalism and imply a global revenge of a new international form of Taylorism. The overall result may be a very unequal accumulation of intellectual capital. Paradoxically, the modern global economy may end up sharing some aspects of the agrarian societies that have been displaced by modern nation states.
papers.ssrn.com/sol3/papers.cfm?abstract_id=1146018