Globalization and financialization form one mutually reinforcing process, not rival frameworks

Evidence

Says Milberg: ‘the globalization of production by US firms has helped sustain higher levels of financialization of the US non-financial corporate sector and this financialization createsgreatincentivesforcost-reducing and flexibility-enhancing offshore production by US lead firms’ (2008, p. 421). Financialization and globalization are therefore not mutually exclusive analytical frameworks, but rather two sides of the same coin. — Natascha van der Zwan, Making Sense of Financialization, 30

Categorization

• corroborated: 2 independent passages support this claim — Natascha van der Zwan, Making Sense of Financialization, 30
• XREF: connects to: Floating exchange rates preconditioned the rapid liberalization of global capital — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 448

Related

• Financial globalization’s effects are mediated by preexisting national institutions. (similarity 0.82)
• Financialization does not yield uniform convergence across national contexts. (similarity 0.81)
• Whether financialization causes neoliberalism or the reverse remains disputed. (similarity 0.79)
• Financialization is a political project tied to US hegemony, not a market efficiency outcome. (similarity 0.79)