Here is a left-Keynesian view of global demand and employment:
REFERENCE
Ajit Singh and Ann Zammit,
"Employment and Unemployment, North and South", in:
J. Mitchie and J.Grieve Smith, eds.,
_Managing the Global Economy_
(New York, USA: Oxford U P, 1995), p. 93-110
ISBN 0-19-828968-5
Singh and Zammit analyze unemployment and underemployment in the North
and South of the world and conclude that inadequate global employment is
caused by inadequate global demand. They speak of a global "demand
constraint", which they describe as "deeply institutional in nature" (p. 109)
The authors call for three types of institutional/structural reform,
namely: (1) "a new institutional and behavioural framework within the
North"; (2) "within the South, a major change in policy direction"; (3)
"(o)n the global scale, a rather different system of international
arrangements between the North and the South."(p.110) Furthermore, the
authors note that such reforms "will have to pay full attention to
ecological concerns"(p.110).
Singh and Zammit's left-Keynesian views appear to be quite compatible with
Amin's global socialist agenda (e.g., Samir Amin, "The Future of Global
Polarisation", _Review_ (Fernand Braudel Center, USA), XVII, 3, Summer
1994, p. 337-47) and the future world system as envisaged in Chase-Dunn,
_Global Formation_, 1989.
As usual, there is but one small question left: How can it be done?
--gk