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Deglobalization : Ideas for a New World Economy - Walden Bello


Ideas for a New World Economy

Paperback Published: 1st April 2004
ISBN: 9781842775455
Number Of Pages: 162

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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.

Industry Reviews

'Bello's analyses and suggestions for action are refreshingly clear and direct, and he gives a valuable account of the re-subordination of the South over the last quarter-century. 'Deglobalization' is to be recommended above all for the invigorating energy with which it sets out an oppositional agenda.' - New Left Review, July 2003 'This short concise volume is a guidebook no activist should travel without.' - Briarpatch Magazine, May 2003 'Clear analysis and impressive scholarship have made Bello one of Asia's key progressive thinkers. Insistence on people-centered development grounded in ecological sustainability sets him apart from the elite consensus on Asia' - New Internationalist 'The most respected anti-globalization thinker in Asia' - Le Soir (Belgium) 'Among the expanding constellation of activists, academicians, and thinkers who believe that mainstream economics... does not have an answer to people's needs, Walden Bello is a prominent star' - Bangkok Post 'Whatever subject he tackles, Walden Bello is always thoughtful, trenchant and constructive. He's also an authentic hero of the global justice movement.' - Susan George Walden Bello is the worlds leading no-nonsense revolutionary. With plainspoken history and compelling evidence, he ruthlessly exposes the opportunism, plunder, and backroom bullying that passes for global capitalism. But this is more than a critique: Bellos expert diagnosis is that the patient is sicker than we think, and the time to act is now - Naomi Klein, author, No Logo 'De-Globalization is a superb dissection of contemporary capitalism's multiple crises, a powerful indictment of the US's brutal re-subordination of the global South in the interest of its MNCs and banks, an unanswerable demonstration of the unreformability of the IMF and its sister institutions, and a stirring call to arms for the movement for economic justice by one of its major theorists and organizers.' - Robert Brenner

Acknowledgements and Dedicationp. ix
Foreword: The Crisis of the Globalist Project and the New Economics of George W. Bushp. xi
The crisis of the globalist projectp. xii
Three moments of the crisis of globalizationp. xiii
The new economics of George W. Bushp. xvi
The economics and politics of overextensionp. xx
Introduction: The Multiple Crises of Global Capitalismp. 1
From triumph to crisisp. 2
Multilateralism in disarrayp. 2
The crisis of the neoliberal orderp. 4
The corporation under questionp. 6
Cracks in military hegemonyp. 8
The degeneration of liberal democracyp. 9
The spectre of global deflationp. 13
The rise of the movementp. 16
Contradictory trends after September 11p. 17
'Imperial overstretch'p. 22
Liberal democracy losesp. 25
Porto Alegre and the futurep. 27
Marginalizing the South in the International Systemp. 32
The rise of UNCTADp. 34
The Bretton Woods twins versus the UN Development systemp. 35
The southern challenge in the 1970sp. 38
Right-wing reaction and the demonization of the southp. 40
Resubordinating the southp. 42
The World Trade Organization: third pillar of the systemp. 51
The Group of Seven: an international directorate?p. 55
Sidestepping Democracy at the Multilateral Agenciesp. 59
The World Bankp. 59
The International Monetary Fundp. 61
The World Trade Organizationp. 63
The Crisis of Legitimacyp. 66
The IMF's Stalingradp. 66
The past catches upp. 68
Meltzer and the World Bankp. 69
The WTO on the road to Seattlep. 71
The Vicissitudes of Reform, 1998-2002p. 77
Reforming the global financial architecturep. 77
From structural adjustment to poverty reduction?p. 80
Non-democratic decision-making affirmedp. 83
Decision-making at the WTO: From Seattle to Dohap. 84
Proposals for Global Governance Reform: A Critical Analysisp. 91
An economic security council?p. 91
The Meltzer Commission proposalp. 92
The 'back-to-the-Bretton-Woods-system's schoolp. 95
George Soros's alternative systemp. 99
The Alternative: Deglobalizationp. 107
Deconstructionp. 108
Deglobalizing in a pluralist worldp. 112
Selected Readingsp. 119
Selected Organizations Monitoring Multilateral Organizations and Global Governance Issuesp. 122
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9781842775455
ISBN-10: 1842775456
Series: Global Issues
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 162
Published: 1st April 2004
Publisher: ZED BOOKS LTD
Country of Publication: GB
Dimensions (cm): 19.8 x 12.9  x 1.27
Weight (kg): 0.14
Edition Number: 2
Edition Type: Revised