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In Globalization and Progressive Economic Policy, thirty-six prominent economists analyze the impact of the emerging global economy on our national sovereignty and standards of living. Does globalization cause inequality? Instability? Unemployment? Environmenal degradation? Or is it an engine of prosperity and wealth for the vast majority of the world's citizens? The authors analyze problems, institutions and possible government responses, and conclude that globalization can be a force for good or ill depending on the degree of regulation that governments and citizens can exercise over its trajectory.
- Sales Rank: #3193555 in Books
- Brand: Brand: Cambridge University Press
- Published on: 1998-11-13
- Original language: English
- Number of items: 1
- Dimensions: 8.98" h x 1.18" w x 5.98" l, 1.86 pounds
- Binding: Paperback
- 532 pages
- Used Book in Good Condition
Review
"This book on globalisation stands out for its breadth of coverage, the quality of its contents and for the unusual perspectives it provides on the subject. The book shows how to understand the costs and benefits of globalisation and what citizens and governments should do to ensure that economic justice and economic stability are not among its casualties. A 'must-read' for scholars, students and policy-makers." Ajit Singh, Cambridge University
"Here is a book that will force you to reconsider much of what you think you know about policy in a globalized economy. Even if you do not agree with the conclusions, you will be enriched for having pondered these unconventional perspectives." Dani Rodrik, Harvard University
"This book sheds valuable light on understanding the central role international financial liberalisation has played in the recent Asian economic crisis, and on predicting what will be the consequences of the neo-liberal policies the IMF has imposed on Korea, Thailand and Indonesia. More importantly, the book provides many progressive policy ideas to those of us who have been bewildered by the propaganda that 'there is no alternative' to neo-liberalism." Soo Haeng Kim, Seoul National University
"Amidst the hype and half-truths about globalization, this collection stands out for its richly documented and path-breaking analysis. Destined to become the standard against which future critical analyses of the global economy are judged, this book is ideal for course use and is a must-have for the libraries of all social scientists interested in these critical issues." Juliet B. Schor, Harvard University
"The editors of and contributors to this compelling new book go far beyond the numbers, to set out and debate big ideas about the history of capitalist development in the twentieth century. Does the present revival of free markets - the neo-liberal regime - constitute a welcome return to the generally benign processes of global integration that preceded World War I? Or does it represent a dangerous undermining of the socially solidaristic embedding of market forces that was the great invention of the post World War II welfare state? As this book shows, the reappearance of all the old problems of political and economic instability and worsening inequality strongly support the second interpretation. Without new forms of state regulation such as those described in this volume, unfettered global capitalism threatens to wreck havoc with balanced, civilized, equitable economic growth." Bennett Harrison, New School for Social Research
About the Author
Dean Baker is the cofounder of the Center for Economic Policy and Policy Research in Washington, DC. Before founding the center, he was a senior economist in Washington's Economic Policy Institute. He has authored or edited several books, including The Conservative Nanny State: How the Wealthy Use the Government to Stay Rich and Get Richer (2006), Social Security: The Phony Crisis (1999, with Mark Weisbrot), Getting Prices Right: The Debate Over the Consumer Price Index, which won a Choice book award as one of the outstanding academic books of 1998, and Globalization and Progressive Economic Policy (Cambridge University Press, 1998, coedited with Jerry Epstein and Bob Pollin). Dr Baker has also written for a variety of professional and general-audience publications. His work on economic policy issues is often cited in the media, and he is frequently interviewed on television and radio. Dr Baker has also testified a number of times before Congressional committees. He received his PhD in Economics from the University of Michigan.
Robert Pollin is Distinguished Professor of Economics and Codirector of the Political Economy Research Institute at the University of Massachusetts, Amherst. He has served as a consultant on energy and the economy for a wide range of organizations and institutions, including the U.S. Department of Energy, the International Labour Organization, the United Nations Industrial Development Program (UNIDO), and numerous nongovernmental organizations. He is author of "Back to Full Employment "(MIT Press), also in the Boston Review series, and "Contours of Descent: U.S. Economic Fractures and the Landscape of Global Austerity".
Most helpful customer reviews
0 of 0 people found the following review helpful.
Very insightful
By Steven Marton
Very insightful book. If only more people would read stuff like this. It offers perspectives from the negative side of the globalization argument that most people are unaware of. Unfortunately at times it does feel one-sided as well, maybe not presenting some of the positives. Nevertheless, facts are facts, and if you want to be informed you have to be aware of them. Maybe pick up another book to balance this a bit :)
Small warning: I believe this is a college textbook more than anything. It is a collection of papers written by various economists around the world. Therefore it can be long, dry, and definitely not light reading. But if you're hungry for information, this is it!
7 of 7 people found the following review helpful.
Against the globalisation bogy
By William Podmore
In this excellent collection, 37 contributors from around the world study the World Bank, the IMF, the multinational corporations, movements of capital, goods and labour, and the possibilities of national economic renewal. David Felix points out that the financial liberalisation of recent decades has led to slower growth of output, investment and productivity. Mehrene Larudee observes that Mexico, for instance, grew 6% a year with the industrialisation and protectionist policies of 1951-81; when it joined NAFTA, the economy, jobs and wages all shrank. Ha-joon Chang suggests that workers in multinational corporations have a far stronger bargaining position than employers make out. These firms often threaten to move, but rarely do. They have high sunk costs in physical plant, infrastructure, subcontracted production networks and services, skilled workers, local knowledge. Workers can take control of our workplaces, industries and countries. We can impose capital controls and reinvest the wealth we create in productive industry. `Globalisation', like the idea of God, is a ghost to frighten us. Eban Goodstein proves that protecting the environment does not destroy jobs, contrary to employer propaganda. Gregory DeFreitas argues against an open borders policy, while also opposing racial biases in immigration policy. He notes, "emigration represents a subsidy to the receiving country from the nation that trained them, as well as a loss of valuable talents to their homeland."
Arthur McEwan sums up the book's findings: "The neo-liberal regime that is being imposed on the world economy by the Bretton Woods institutions, the US government and other powerful public and private actors is doing a great deal of damage. It is a regime that harms people in all sorts of ways in the name of economic growth, but it does not even do very well at providing economic growth. The reign of neo-liberalism has not come about as some inevitable historical process, but has been actively constructed by the powerful actors that gain from its establishment. Alternatives exist, and the alternatives tend to work better."
1 of 3 people found the following review helpful.
Interesting but not systemetic
By Suckwoo Lee
I read this book in a graduate class on globalization. The word ¡®progressive¡¯ in the title refers to the perspective of political economy ie, not the one of neoclassical or neo-liberalist. Arguments from economists, in particular political economists on globalization are somewhat hard to see. Authors focused on side effects of globalization. Their perspectives vary but they can be labeled as the view of ¡®race to the bottom¡¯ against optimistic views of neo-liberalist. It¡¯s interesting to see what should be done against hard economic trend, globalization from the perspective of losers not winners. And this book has wide coverage from IMF, World Bank to TNCs, Global financial market, inequality. But I should point out some weakness of the book.
1. They doesn¡¯t offer any explanation on what caused the globalization at all. Globalization is presented as mere background to draw their conclusions. Some Marxist schools explained the process of globalization in terms of the diminishing rate of profit. But this book lacks such logics. I think the purpose of this book, offering alternative policy to speed down the process of globalization, drove authors in that direction.
2. My major is not economics but economic sociology. So I had some difficulties to follow all lines of the economists. But it¡¯s not wholly my fault. I have had no such difficulty with economic journals like The Economist. The explanation of economic phenomena which are mainly macroeconomic one, is not kind to reader. I think authors assumed that this book would be read by expert policy makers not by mundane students.
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