ABSTRACT

Unlike the development project, the successor globalization project sought to undermine the postcolonial state’s policies of welfarism and developmentalism, depicting such statist intervention as eroding market efficiencies and economic growth (McMichael, 2013). 1 The globalization project combined a neoliberal blueprint for continuing development through private means with a project of crisis management. The project of neoliberal globalization is currently facing a crisis, and I argue that it may even be unraveling, as the crisis of confidence in this project has provoked much opposition in the global South and is now infecting the North.