Why Globalization Works

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Yale University Press, Jan 1, 2004 - Political Science - 398 pages
The debate on globalization has reached a level of intensity that inhibits comprehension and obscures the issues. In this book a highly distinguished international economist scrupulously explains how globalization works as a concept and how it operates in reality. Martin Wolf confronts the charges against globalization, delivers a devastating critique of each, and offers a realistic scenario for economic internationalism in the future.

Wolf begins by outlining the history of the global economy in the twentieth century and explaining the mechanics of world trade. He dissects the agenda of globalization's critics, and rebuts the arguments that it undermines sovereignty, weakens democracy, intensifies inequality, privileges the multinational corporation, and devastates the environment. The author persuasively defends the principles of international economic integration, arguing that the biggest obstacle to global economic progress has been the failure not of the market but of politics and government, in rich countries as well as poor. He examines the threat that terrorism poses and maps the way to a global market economy that can work for everyone.

Martin Wolf is associate editor and chief economics commentator at the Financial Times in London. Formerly senior economist at the World Bank's division for international trade, he has worked in Kenya, Zambia, and India. He has been visiting professor at Oxford, Nottingham, and Rotterdam Universities and fellow of the World Economic Forum in Davos, Switzerland.


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User Review  - ubaidd - LibraryThing

Just before I started with Why Globalization Works, I read The World's Banker, a biography of James Wolfensohn, interlaced with a history of the World Bank in the last twenty years. That book, written ... Read full review

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The words capitalism and globalization, seems to conjur up, some captivating images in my mind and the idea of the free - market seems, to propel it further and this book that I read has much of that.
My first reason, to pick up this book, was to dispel the myth that Marxism and Communism, offered a future, as this would entail, a stern life and no sense of prosperity. We should be aiming towards, ever increasing wealth, while being understanding, in how we conduct ourselves.
I've been mainly draw towards, ideas of Green, Anti - Capitalism, through my listening of Psy - Trance music and the hippie ethos, that's it is interlocked with.
While, I have seen a more practical approach of doing things now, it's important, that I go towards, a idea of abundant wealth and a diet of eating meat. A idea, across borders, fashion, food and music and the other elements, rather then just being stick into the idea of Nationalism but also, other cultures to.


Part II Why a Global Market Economy Makes Sense
Part III Why There Is Too Little Globalization
Part IV Why the Critics are Wrong
Part V How to Make the World Better

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