Abstract:The processes associated with the inevitability of globalization are patently not market-driven; there is a social dimension to the so-called economic compulsion. Therefore, neither the globalization discourse nor the general equilibrium model acknowledges the institutional differences and social determinants of markets, because they are presented as homogenous and convergent. The inadequacy of the first generation of economic reforms associated with the Washington Consensus and also of the institutional empha… Show more
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.