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Corporate power and social policy in a global economyBritish welfare under the influence$
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Kevin Farnsworth

Print publication date: 2004

Print ISBN-13: 9781861344748

Published to Policy Press Scholarship Online: March 2012

DOI: 10.1332/policypress/9781861344748.001.0001

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Globalisation, corporate structural power and social policy

Globalisation, corporate structural power and social policy

(p.33) Three Globalisation, corporate structural power and social policy
Corporate power and social policy in a global economy

Kevin Farnsworth

Policy Press

At its simplest, globalisation refers to the dramatic increase in the flow of goods, services, economic stocks and information between people, firms and states, over increasingly large distances, since the 1970s. This chapter looks specifically at economic globalisation — the international growth of trade in goods and services and the increased movement of capital across borders — and its impact on corporate structural power which, in turn, has implications for social policy. It argues that globalisation impacts on the balance of power within capitalist states in favour of capital, and that this can have a negative impact on social policy, although this is neither inevitable nor uniform in its occurrence between states and over time. The chapter aims to gauge the extent to which economic globalisation impacts on corporate structural power and assess the possible implications of this for social provision.

Keywords:   economic globalisation, corporate structural power, capitalist states, social provision, social policy

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