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The neoliberal reforms sweeping the globe are generating strikingly analogous transformations in diverse politico-economic and ideological landscapes, especially through the spread of democratic-liberal political regimes and an emphasis on the "virtues of the invisible hand"-rather than the state-in the investment of a huge mass of mobile capital (Fishlow 1990:64; Amin 1995; Gill 1993). We are witnessing an increasingly dominant and profitable global capitalist economy with a "highly coercive capacity to ensnare enormous numbers of peoples within its grasp"

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