The history of the Second Age of Globalization (from 1945 through to the present) has traditionally been told through the lens of either the industrially advanced First World, or, more critically, the developing countries of the Third World. Less is known about the experience of globalization in the so-called “Second World”, the socialist states of the Soviet Union and its Eastern European satellites. The following review essay draws on recent work in the history of globalization to show that, contrary to long-held assumptions that socialism was an autarkic system that cut countries off from the wider world, post-war socialist countries were deeply integrated into and dependent on global markets and networks.
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Robertson, James M.
"The Socialist World in the Second Age of Globalization: An Alternative History?,"
Markets, Globalization & Development Review:
2, Article 5.
Available at: https://digitalcommons.uri.edu/mgdr/vol3/iss2/5