Globalization, the highest stage of capitalism? in homage to Charles-Albert Michalet.

Summary Where does globalization lead the economy? In an attempt to answer this question, the authors extend the insights of the economist Charles-Albert Michalet by analyzing the spaces of globalization: global finance, stock exchanges, world trade - that "imperialism in reverse" -, European protectionist pressures, and the globalization of intellectual property. It is also about understanding how the main actors of globalization, the States and the Firms, overcome and maintain the crisis. Indeed, the competition between states to attract foreign investors feeds this crisis despite national innovation policies. For their part, firms, whose strategies are now part of a global reorganization of industry and services, are accentuating the flow of relocations and the relocation of activities. At the same time, new firms from the "South" are bursting into the world. The labor force must thus adapt to a new situation that goes from the financialization of firms to the individualization of remuneration.