ABSTRACT
For the last three decades, the world has allegedly become far more global. Yet, there are vast differences of opinion about the meaning of this term. We are told that the world economy is far more integrated; it is clear that the number of people tied to the money economy has grown immensely, virtually all people today sharing in the global market of exchange of consumer commodities for cash. Yet, the market for consumer goods is only one market under capitalism. There is also a market for capital goods, and there are financial markets, both of which have been extended greatly in the current period of ‘globalization’, but from which large segments of the world’s population, including those in much of sub-Saharan Africa, have been excluded. And, finally, there is a world labour market, which is far more restricted than these other markets, but whose migrants exhibit new, widening patterns of dispersion.
