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Deglobalization: Ideas for a New World Economy, Updated Edition

Deglobalization: Ideas for a New World Economy, Updated Edition - 04 edition

ISBN13: 978-1842775455

Cover of Deglobalization: Ideas for a New World Economy, Updated Edition 04 (ISBN 978-1842775455)
ISBN13: 978-1842775455
ISBN10: 1842775456
Cover type: Paperback
Edition/Copyright: 04
Publisher: Zed Books
Published: 2004
International: No

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Deglobalization: Ideas for a New World Economy, Updated Edition - 04 edition

ISBN13: 978-1842775455

Walden Bello

ISBN13: 978-1842775455
ISBN10: 1842775456
Cover type: Paperback
Edition/Copyright: 04
Publisher: Zed Books

Published: 2004
International: No
Summary

This is a short and trenchant history of the organizations--the World Bank, IMF, WTO, and Group of Seven--that have promoted economic globalization and which are now trying to manage the unmanageable. Walden Bello points to their manifest failings, seen in recurrent financial crises, the ever widening gulf between developing and industrialized countries, the persistence of gross inequalities, and mass poverty. He examines new ideas for reforming world economic management, and argues that a much more fundamental and radical shift of direction is required.

Table of Contents

Foreword to the New Edition:
The Crisis of the Globalist Project and the New Economics of George W. Bush
The Crisis of the Globalist Project
Three Moments of the Crisis of Globalization
The New Economics of George W. Bush
The Economics and Politics of Over-extension


Part I: Introduction: The Multiple Crises of Global Capitalism
From Triumph to Crisis
Multilateralism in Disarray
The Crisis of the Neoliberal Order
The Corporation under Question
Cracks in Military Hegemony
Degeneration of Liberal Democracy
The Spectre of Deflation
Rise of the Movement
September 11's Contradictory Legacy
'Imperial Overstretch'
Liberal Democracy Loses
The Future


Part II:. Marginalizing the South in the International System
The Rise of UNCTAD
The Bretton Woods Twins versus the UN Development System
The Southern Challenge in the 1970s
Rightwing Reaction and the Demonization of the South
Resubordinating the South I: Structural Adjustment
Resubordinating the South II: Taming the Tigers
Resubordinating the South III: Dismantling the UN Development System
The World Trade Organization: Third Pillar of the System
The Group of 7: An International Directorate?


Part III:. Sidestepping Democracy at the Multilateral Agencies
World Bank
International Monetary Fund
World Trade Organization
Part IV: Crisis of Legitimacy
The IMF's Stalingrad
The Past Catches up
Meltzer and the World Bank
The WTO and the Road to Seattle
Part V: The Vicissitudes of Reform, 1998-2002
Reforming the Global Financial Architecture
From Structural Adjustment to Poverty Reduction?
Non-democratic Decision-making Affirmed
Decision-making at the WTO: From Seattle to Doha


Part VI: Proposals for Reform of Global Governance: A Critical Analysis
An Economic Security Council?
The Meltzer Commission Proposal
The 'Back to Bretton Woods System' School
George Soros's Alternative System


Part VII: The Alternative: Deglobalization
Deconstruction
Deglobalizing in a Pluralist World
References
Annex: Guide to Further Information
Index

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