Global Capitalism and Diasporas in the Modern and Postmodern Era
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Temporal and geographical spaces provide conditions for diasporas and capitalism to emerge, spread, thrive, and change. Diasporas have longer history that stretches into ancient times, while global capitalism made its presence commencing only from the fifteenth century. When diasporas and capitalism started to interact with each other, both have been moved along the trajectories with modern and postmodern characteristics. Both diasporas and capitalism have been fostered and constrained by state agendas that address national sovereignty and identity. Market forces havechallenged constantly the extent and scope that the nations should allow its citizens to respond to their ancestral homelands and should open up for foreign migrants and monies. While modern institutions regulate diasporic and capitalism movements, modern technology helps penetrate national boundaries and thus give rises to postmodern features that are more fluid and hybrid.
Abstract
Temporal and geographical spaces provide conditions for diasporas and capitalism to emerge, spread, thrive, and change. Diasporas have longer history that stretches into ancient times, while global capitalism made its presence commencing only from the fifteenth century. When diasporas and capitalism started to interact with each other, both have been moved along the trajectories with modern and postmodern characteristics. Both diasporas and capitalism have been fostered and constrained by state agendas that address national sovereignty and identity. Market forces havechallenged constantly the extent and scope that the nations should allow its citizens to respond to their ancestral homelands and should open up for foreign migrants and monies. While modern institutions regulate diasporic and capitalism movements, modern technology helps penetrate national boundaries and thus give rises to postmodern features that are more fluid and hybrid.
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