The World System's Mutational Crisis and the Emergence of the New Globalization

This presentation examines the evolution of world capitalism after World War II by proposing a framework for understanding the emerging new globalization. It initially distinguishes the four development phases from 1945 to date and then presents converging theorizations of the new globalization. This critical review concludes that the previous regime has structurally matured, giving way to a framework characterized by increased instability and expected consequential crises in socioeconomic terms. A new perception of regionalization also shows that it shifts the existing regime of world development