Why globalization works pdf

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You already recently rated this item. Your rating has been recorded. Write a review Rate this item: 1 2 3 4 5. Preview this item Preview this item. In this book, one of the world's foremost economic commentators explains how globalization works and why it makes sense. Martin Wolf confronts the charges against globalization, delivers a devastating critique of each and outlines a more hopeful future.

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Tags Add tags for "Why globalization works". International economic relations. Acknowledgments pp. Introduction pp. Big Victory but No Parade pp. A Disturbance in the Force pp. Becoming Less Great pp. Tomorrow pp. Index pp. Project MUSE Mission Project MUSE promotes the creation and dissemination of essential humanities and social science resources through collaboration with libraries, publishers, and scholars worldwide.

Each generation writes anew its history, as George Herbert Mead remarks in his Movements of Thought in Today, Wolf adds another history of globalization with a challenging comparison of the world in with that of the beginning of the 21 st century. A century ago, the world was heavily globalized already, before 19 th century liberalism broke down into the political chaos of the 20 th century.

Against this background, Wolf's primary motive to write a book on globalization is not academic but moral. He sees a renewed wave of anti-liberal "millennium collectivists" on the rise who threaten to destroy the possible blessings of globalization by reminding us that the s and s have shown how quickly the pendulum can swing from globalization to catastrophe. Wolf's point of view is a pronounced economic one.

His presentation of globalization's critics is as brief and general as his deliberations on democracy and the relationship between the state and the economy. It is not liberal markets, he argues, but poor political management which causes persisting poverty and a lack of economic prosperity in contemporary societies which do not profit from globalization.

Hence, he defends globalization against its critics and calls for more free trade. Detailed evidence is presented for the close relationship between liberal economic policy and a decline in inequality and poverty. For Wolf, there are no alternatives. Planned economies of Soviet or other design, have failed, whereas economic activities via markets usually increase the welfare of the largest number.

Thus, it does not come as a surprise that Wolf contradicts the critics of globalization as transnational corporations are not and will not be more powerful than states.

For him, the alleged "tyranny of brands" is "much ado about nothing"