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1 results

  • 1. - Globalisation

  • James Mark, University of Exeter, Bogdan C. Iacob, University of Exeter, Tobias Rupprecht, University of Exeter, Ljubica Spaskovska, University of Exeter
  • Book:
    1989
    Published online:
    29 August 2019
    Print publication:
    29 August 2019, pp 25-72

  • Summary

    ‘1989’ and the dismantling of communist rule was less the beginning of the region’s globalisation than a confirmation of a choice about the form of globalisation that the region would take. Alternative, non-Western-centric forms of global integration were abandoned and neoliberal economics became dominant. Yet this was not a Western imposition: local elites in many bloc countries, responding to shifts in an increasingly financialised and debt-ridden global economy, began a gradual process of realignment long before 1989. In re-imagining the region’s economic future, elites looked as much to East Asia or Latin America as they did to the West. Some considered an authoritarian Communist-led neoliberal globalization which was eventually defeated in 1989. These shifts in part explain why the neoliberal transformation in Eastern Europe after 1989 occurred at such speed.