Jump to ContentJump to Main Navigation
Conceptualizing CapitalismInstitutions, Evolution, Future$
Users without a subscription are not able to see the full content.

Geoffrey M. Hodgson

Print publication date: 2015

Print ISBN-13: 9780226168005

Published to Chicago Scholarship Online: January 2016

DOI: 10.7208/chicago/9780226168142.001.0001

Show Summary Details
Page of

PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 31 July 2021

The Future of Global Capitalism

The Future of Global Capitalism

(p.332) Chapter Fourteen The Future of Global Capitalism
Conceptualizing Capitalism

Geoffrey M. Hodgson

University of Chicago Press

This chapter looks forward until about the middle of the twenty-first century. Its themes are the ongoing globalization of capitalism and the rising challenges to US economic leadership and political hegemony. It is considered whether the accelerated post-1980 global diffusion of institutions and technology will lead to the rise of a new economic leader or hegemon, such as China. Various future growth estimates are addressed, alongside problems in institutional development. There is evidence that higher levels of capitalist development are related to the rule of law, open government and lower levels of corruption. It is also argued that global capitalism is likely to maintain some diversity, including in levels of inequality and public social expenditure, despite the creation of an increasingly integrated world economy. The chapter concludes with a brief discussion of major problems for future global development, including financial instability and threats to the global ecosystem.

Keywords:   capitalism, globalization, convergence, hegemonic economies, varieties of capitalism, inequality under capitalism, rule of law, corruption, financial instability, threats

Chicago Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.