Abstract
Chapter 14, Social Democratic and Socialist Perspectives, outlines the views of those who regard capitalist globalisation as a positive economic development, but consider it necessary to democratise or regulate it. Others propose a form of socialist globalisation. Such proposals curb current globalisation policies, give states more powers and effectively move to internationalisation. The reformist social democratic approach proposes to make global organisations more democratic and responsive to societal interests, to strengthening the state and weakening the processes of globalisation. Social democratic parties in power, however, are found to pursue policies within the context of global capitalism. Some, including the Chinese, advocate socialist policies that reshape globalisation by giving states greater rights – a return to internationalisation. Corporate social responsibility (CSR) relying on obligations to stakeholders, is outlined as another mechanism for modifying global capitalist interests. A more radical socialist approach proposes a different form of globalisation – here the institutions of capitalism are dismantled, globalisation remains. Capitalist globalisation becomes socialist globalisation, which pursues objectives based on human needs.
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