From the National to the Global: The Transformation of the Royal Bank of Canada, 1864–2014

It appears your Web browser is not configured to display PDF files. Download adobe Acrobat or click here to download the PDF file.

Click here to download the PDF file.


Garrod, Joel Zackary




Many scholars today treat globalization as a new form of imperialism, in which the global political economy remains constituted by competing national capitals and their respective nation-states. This view is shared by many Canadian political economists who, carrying on a longstanding debate, continue to argue that Canada should be understood as either a secondary imperialist power or a dependency of the American empire. In this dissertation, I argue that contemporary theories of imperialism and dependency neglect a number of qualitative changes to the global political economy over the last 40 years that challenge the conceptual framework on which they are based. Through a comparative-historical analysis of the changing assemblages of territory, authority, and rights that have sustained the Royal Bank of Canada's activities from 1864 to 2014, I argue that we should instead treat globalization as a novel epoch constituted by a centrifugal organizing dynamic that is moving the rights of capital and the authority over those rights to the transnational level. I claim that this process is transforming the nation-state from a capability to grow and develop national capitals into a capability for globalizing capitals as a result of new rights that restrict the ability of the nation-state to legislate against corporate interests. The dissertation concludes by reflecting on what this means for the future of Canadian liberal democracy and the struggle against global capitalism.






Carleton University

Thesis Degree Name: 

Doctor of Philosophy: 

Thesis Degree Level: 


Thesis Degree Discipline: 


Parent Collection: 

Theses and Dissertations

Items in CURVE are protected by copyright, with all rights reserved, unless otherwise indicated. They are made available with permission from the author(s).