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Topic: Globalization and Its Discontents


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In the News (Tue 23 Apr 19)

  
  Amazon.com: Globalization and Its Discontents: Books: Joseph E. Stiglitz   (Site not responding. Last check: 2007-10-17)
He strongly believes that globalization can be a positive force around the world, particularly for the poor, but only if the IMF, World Bank, and WTO dramatically alter the way they operate, beginning with increased transparency and a greater willingness to examine their own actions closely.
Globalization and Its Discontents by Joseph E. Stiglitz
Global institutions such as the IMF, the World Bank, and the WTO had to be brought into existence to regulate the process of globalization.
www.amazon.com /Globalization-Its-Discontents-Joseph-Stiglitz/dp/0393051242   (2164 words)

  
  Globalization with Few Discontents? - Global Policy Forum - Globalization
People's attitudes toward the global changes that are affecting their nations and their families are best understood in the context of whether they think their lives are getting better or worse.
Globally, there is only one country, Indonesia, where more than four-in-ten respondents (44%) blame the growing gap between rich and poor on globalization.
Global Policy Forum distributes this material without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.
www.globalpolicy.org /globaliz/cultural/2003/0603globalopinion.htm   (5693 words)

  
 Economic Globalization and Its Discontents
Globalization refers to the growing integration since World War II of the national economies of most of the advanced-industrialized countries of the world, and an increasing number of developing nations, to the degree that we may be witnessing the emergence and operation of a single worldwide economy.
Globalization appears to be bringing about social dislocations in the advanced countries in two, distinct patterns:  high employment but growing income inequality in the United States (and to some degree Great Britain), and greater unemployment but avoidance of increases in income inequality in Western Europe.
Thus, the fear is sometimes expressed that economic globalization may force the advanced countries to abandon their commitment to the compromise of embedded liberalism, and instead to undertake a "race to the bottom" with respect to their policies that directly affect the welfare of workers and even the broader national community.
www.duke.edu /~grieco/chapter6.htm   (7956 words)

  
 James Rossi reviews Globalization and Its Discontents by Joseph Stiglitz
Globalization and its Discontents is a concise, devastating, and relentless indictment of the global economic policies of the International Monetary Fund, World Trade Organization, and World Bank.
The IMF is pursuing not just the objectives set out in its original mandate, of enhancing global stability and ensuring that there are funds for countries facing a threat of recession to pursue expansionary policies.
The global financial community apparently didn't see the IMF's track record as one of conflicted interests or consistent failure: IMF managing director Stanley Fischer and Treasury Secretary Robert Rubin both left for multimillion dollar jobs at Citigroup.
human-nature.com /nibbs/02/stiglitz.html   (1755 words)

  
 Globalization and its Discontents: The Rise of Postmodern Socialisms. - Review - book reviews Monthly Review - Find ...
Globalization and Its Discontents is a prime example of the recent fashionable tendency among leftwing intellectuals to design "neo-Marxist" or "post-Marxist" theories.
Globalization and Its Discontents contains a descriptive account of some of the major developments of late twentieth century world capitalism Thus, there are chapters on the crisis of Western values, globalization, and current developments in the Third World, the United States and post-Communist Russia.
While the rebellion of globalization's discontents steadily weakens the multinationals' authority, the social movements and the participants in the postmodern economies are already creating the postmodern, postcapitalist culture and economy from below, in the spaces that globalization and the crisis of Western values have opened up on capitalism's margins, outside the state's purview.
www.findarticles.com /p/articles/mi_m1132/is_6_50/ai_53480028   (499 words)

  
 Globalism's Discontents - Global Policy Forum - Globalization
The countries that have managed globalization on their own, such as those in East Asia, have, by and large, ensured that they reaped huge benefits and that those benefits were equitably shared; they were able substantially to control the terms on which they engaged with the global economy.
In short, the countries of East Asia benefited from globalization because they made globalization work for them; it was when they succumbed to the pressures from the outside that they ran into problems that were beyond their own capacity to manage well.
Globalization has brought still other benefits: Today there is the beginning of a globalized civil society that has begun to succeed with such reforms as the Mine Ban Treaty and debt forgiveness for the poorest highly indebted countries (the Jubilee movement).
www.globalpolicy.org /globaliz/econ/2002/0114stiglitz.htm   (4862 words)

  
 Globalization and Its Discontents - Wikipedia, the free encyclopedia
Globalization and Its Discontents is a book written by the 2001 Nobel laureate Joseph E. Stiglitz.
According to James M. Rossi, Globalization and Its Discontents is a concise, devastating, and relentless indictment of the global economic policies of the International Monetary Fund, World Trade Organization, and World Bank.
Columbatto contrasts the view he attributes to Stiglitz, that the alternative to mainstream economics is enlightened and expanded governance structures, with Ludwig von Mises' view that the alternative is "freedom to choose and discard".
en.wikipedia.org /wiki/Globalization_and_Its_Discontents   (694 words)

  
 networkideas.org - Globalization and its Discontents
This insider's account of global economic policy making will be hailed as much for its courage and honesty as for its depth and insight.
Globalization and its Discontents is less about globalization in general, more a sustained attack on the IMF, on the US Treasury as the biggest single influence on the IMF's policies, and on the Washington consensus they propagate.
The offence is all the greater since 'globalization - the removal of barriers to free trade and the closer integration of national economies - can be a force for good and...
www.networkideas.org /book/jun2003/bk05_GAID.htm   (1021 words)

  
 Globalization and Its Discontents
Converging on the hallowed halls of global capitalism, a diverse and unprecedented array of progressive leftists and radical anarchists blocked WTO delegates, clogged street corners, smashed a few corporate windows, and generally created mischief and mayhem of a sort that had not been seen in North America for decades.
In typically hyperbolic language, Thomas asserts that the “WTO week in Seattle was a global tailspin at the end of the century, a fly in the face of the new millennium, an elephant in the ointment.
its soul; the source of most of what’s new and hopeful about it.”(18) Despite critics’ frequent allegations of a movement lacking ideological coherence and moral centering, Ferrell and Thomas each point out in their own way that precisely the opposite is true: that the movement “is not opposed to organization.
www.newformulation.org /2amster.htm   (1772 words)

  
 Globalization and Its Discontents (New York and London: W
They apply its precepts in any and all circumstances, however inappropriate they might be in the particular circumstances at hand, and however dismal their past record of success.
It is true, of course, that global financial markets and international agencies often harm the interests of industrial capital and their workers simultaneously.
The biggest banks in the global economy wish to be freed from long-term ties to corporations, in order to avoid being brought down when those corporations have difficulty adjusting to rapidly changing technological and economic environments.
www.public.iastate.edu /~tonys/Stiglitz.html   (4462 words)

  
 Borders - Feature - Globalization and Its Discontents
I was in the White House as Russia began its transition from communism and I worked at the Bank during the financial crisis that began in East Asia in 1997 and eventually enveloped the world.
But I also believe that if this is to be the case, the way globalization has been managed, including the international trade agreements that have played such a large role in removing those barriers and the policies that have been imposed on developing countries in the process of globalization, need to be radically rethought.
I was glad to see the emphasis during the global financial crisis in 1997-98 of the importance of transparency; but saddened by the hypocrisy that the institutions, the IMF and the U.S. Treasury, which emphasized it in East Asia, were among the least transparent that I had encountered in public life.
www.bordersstores.com /features/feature.jsp?file=globalization   (2324 words)

  
 Vive le Canada - Globalization and its Discontents
If the word “Globalization” is intended to mean a free flow of goods and ideas, a relative equalization of living standards and opportunity, as well as global concern for the needs and aspirations of peoples, then it doesn’t exist, isn’t moving towards existence, and has never been intended to do so.
Globalization, in short, is the effort of a single class to gain total governing power and control of the global economy.
Characteristically, the move to globalization is said by many commentators to have begun with the fall (heralding the rapid disintegration of the Soviet empire) of the Berlin wall in the late 1980s.
www.vivelecanada.ca /article.php/20050618161144808   (2897 words)

  
 Global Labor Strategies: GLOBALIZING WORKER RIGHTS
It's easy to conclude that such rights are simply a fraud designed to bamboozle workers into accepting as legitimate a legal system whose only real purpose is to oppress them.
Its effect will be to shame the employers and the governments that back them, and to reaffirm workers in their conviction of the rightness of their cause.
The rules of globalization and the rights of nations, citizens, workers, and corporations are still hotly debated around the globe, and are far from set in stone.
laborstrategies.blogs.com /global_labor_strategies/2007/05/globalizing_wor.html   (2418 words)

  
 Globalization with Few Discontents?   (Site not responding. Last check: 2007-10-17)
As a sub-section of the Pew Global Attitudes Project survey, "View of a Changing World," this article examines the global public's attitudes towards globalization in the past five years.
While seeing the benefits that globalization has brought them, such as the availability of food and medicine, many people also expressed concerns about problems such as unemployment, worsened working conditions and the growing gap between the rich and poor.
However, as this article shows, people are less likely to blame globalization for these economic and social problems than to recognize the positive aspects of globalization.
yaleglobal.yale.edu /display.article?id=1764   (1263 words)

  
 Asia Times - Globalization and its discontents
In particular, he writes, the behavior of the world factor is consistent with the steady expansion of the 1960s and early 1970s, the recessions of the mid-1970s, the early 1980s and early 1990s, and the expansion of the late 1980s.
Global capital markets, Kose writes, have become significantly more integrated over the past two decades, to the point where, in the case of the United States, the sum of inflows and outflows of foreign direct investment have surged from less than 3 percent of gross domestic product to more than 18 percent today.
With its formidable import-export capacity, the US is the biggest factor of all.
www.atimes.com /atimes/Global_Economy/EH19Dj02.html   (729 words)

  
 Globalization and Its Discontents in 2004
America and its "coalition" of the willing went to war in Iraq without the support of the UN, and the World Trade Organization meeting at Cancun--which was supposed to provide the impetus for a successful conclusion of the Development Round of trade negotiations--ended in failure.
The Bush administration's approach to the war in Iraq and its aftermath has been marked by the same unilateralism shown by its rejection of the Kyoto protocol and the International Criminal Court.
Whether the US government deliberately lied to the world about the existence of Iraqi weapons of mass destruction or got carried away by its own rhetoric is less important than the lesson to be learned: it is dangerous to put excessive power in the hands of a few.
www.globalenvision.org /library/8/579   (1053 words)

  
 Globalization and its discontents - Opinion - Other - MSNBC.com   (Site not responding. Last check: 2007-10-17)
However, every social movement has its faults and contradictions, and to dismiss all those made uneasy by globalization because of the sometimes immature, headline-grabbing antics of ragtag anarchists, the blindly anti-American, and the naïve young is to lose sight of a deeper dynamic at work here.
But it’s a profound mistake to overlook the parallel importance of cultural values and identity — the psychological and spiritual building blocks upon which rest the world views of billions, and that are now under assault by globalization’s radical redefinition of human society and purpose.
Globalization’s inherent values are essentially short-term and selfish, and in fundamental opposition to the long-term and selfless values that have emotionally sustained members of the world’s myriad cultures for centuries.
www.msnbc.msn.com /id/3080806   (785 words)

  
 Globalization and its Discontents, Noam Chomsky debates with Washington Post readers
Its analysis and proposals happened to be rather similar to those of Congress's own research bureau, the Office of Technology Assessment.
It's good or bad, depending on its costs and benefits for people -- including people of future generations (which is what environmental issues are basically about).
It's a large question, and I cannot try to deal with it here, but one central aspect of "globalization" is the transfer of power to make decisions to the hands of private concentrations of power, and away from "governments," which means away from the public, to the extent that these governments are democratic.
www.chomsky.info /debates/20000516.htm   (2909 words)

  
 Globalization and Its Discontents by Bill Bonner
In the reverie of modern Americans, globalization means the rest of the world sends you things you don’t have to pay for.
Globalization is nothing more than the extension of the division of labor across international boundaries.
The odd thing about the spurt of globalization in the last five years is that it’s so lopsided.
www.lewrockwell.com /bonner/bonner91.html   (1521 words)

  
 Globalization and Its Discontents (Excerpt)
I believe that globalization— the removal of barriers to free trade and the closer integration of national economies—can be a force for good and that it has the potential to enrich everyone in the world, particularly the poor.
But I also believe that if this is to be the case, the way globalization has been managed, including the international trade agreements that have played such a large role in removing those barriers and the policies that have been imposed on developing countries in the process of globalization, need to be radically rethought.
I was glad to see the emphasis during the global financial crisis in 1997-98 of the importance of transparency; but saddened by the hypocrisy that the institutions, the IMF and the U.S. Treasury, which emphasized it in East Asia, were among the least transparent that I had encountered in public life.
www.wwnorton.com /catalog/spring03/032439excerpt.htm   (2275 words)

  
 village voice > books > Globalization and its Discontents by Joseph E. Stiglitz by Lenora Todaro
And it is, in its way, a people's manifesto as well: Stiglitz has been embraced by anti-globalization activists for lending legitimacy to their own positions.
It's a strange moment, this peak of his career: a Nobel prize winner seen as both visionary and scold, as insider and outsider.
In that chapter, they'll find proposals similar to those of the more moderate protesters: reform of global financial institutions; a stronger role for government in mitigating market failures and ensuring social justice; and a recognition that opposition to globalization is opposition to market fundamentalism, not to globalization per se.
www.villagevoice.com /issues/0223/todaro.php   (1380 words)

  
 Foreign Affairs - Globalization and Its Discontents: Navigating the Dangers of a Tangled World - Richard N. Haass and ...
Domestic discontent with globalization thwarted the passage last year of legislation that would have granted the president "fast track" authority to negotiate trade arrangements that Congress could not modify.
Its dangers must be navigated successfully or the United States and others may be compelled to backtrack, diminishing the free movement of goods, services, and capital, which would result in slower growth, less technological innovation, and lower living standards.
Although the United States, with its vast internal market, is considerably less "globalized" than other industrialized countries, millions of American jobs and billions of dollars are tied to economic developments elsewhere.
www.foreignaffairs.org /19980501facomment1383/richard-n-haass-robert-litan/globalization-and-its-discontents-navigating-the-dangers-of-a-tangled-world.html   (689 words)

  
 Amazon.com: Globalization and Its Discontents: Books: Saskia Sassen   (Site not responding. Last check: 2007-10-17)
Sassen is interested in more specific aspects of globalization: its impact on migration (the huge theme of this book), its place-specificity, and its resultant dispersal of powers that used to belong solely to the nation-state.
Sassen's biggest contribution to the theorization of globalization is her attention to the global city, which she posits as a site of the physical infrastructure that enables the more diffuse projections of the world market.
The two chapters on gender and globalization are much more valuable (and more recent) here, as she starts in on what she calls "the unbundling of sovereignty," the appropriation of political punch from nation-states and the relocation of it into the hands of NGOs and the global market.
www.amazon.com /Globalization-Its-Discontents-Saskia-Sassen/dp/1565843959   (2001 words)

  
 In Theory...: Globalization and its Discontents
Closer to home, the Philippines' protection and encouragement of the domestic rice industry, ostensibly to gain 'self-sufficiency', is a huge tax on the poor and removes the incentive for farmers to switch to more valuable, export-oriented crops such as fruits and vegetables.
It is about the IMF and its response to the crises of the nineties, with an emphasis of what Stiglitz would have done differently.
But if you are interested in the arcane economic and political details of how the IMF functions and how it impacts the world, read Globalization and its Discontents.
www.intheory.cc /archives/000024.html   (397 words)

  
 Amazon.co.uk: Globalization and Its Discontents: Books: Joseph E. Stiglitz   (Site not responding. Last check: 2007-10-17)
Readers of Globalization and Its Discontents will already be familiar with the controversy and organised resistance that globalisation has generated around the world due to massive media coverage, yet explaining what globalisation actually means in practice is a complicated task.
He strongly believes that globalisation can be a positive force around the world, particularly for the poor, but only if the IMF, World Bank and WTO dramatically alter the way they operate, beginning with increased transparency and a greater willingness to examine their own actions closely.
Ultimately, despite its shortcomings, this is still a great book on globalization, especially for those who are trying to make some sense of the whole debate and to better understand the underlying workings.
www.amazon.co.uk /Globalization-Its-Discontents-Joseph-Stiglitz/dp/014101038X   (2372 words)

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