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What is Globalization?

WHAT IS Globalization? Four Possible AnswersSimon ReichWorking Paper #261 December 1998 Simon Reich holds appointments as a Professor at the Graduate School of Public andInternational Affairs and in the Department of political Science at the University of Pittsburgh. Infall 1997 he was a Visiting Fellow at the Kellogg Institute. His publications include The Fruits ofFascism: Postwar Prosperity in Historical Perspective and The German Predicament: Memoryand Power in the New Europe (with Andrei S. Markovits) both published by Cornell UniversityPress. His most recent coauthored book is The Myth of the Global Corporation (PrincetonUniversity Press, 1998).

Globalization is defined here as a set of economic and political structures and processes deriving from the changing character of the goods and assets that comprise the base of the international political economy—in particular, the increasing structural differentiation of those goods and assets. 11

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