Written by a premier group of 21 thinkers from around the world, the second edition of Alternatives to Economic Globalization lays out democratic, ecologically sound, socially just alternatives to corporate globalization more fully, specifically, and thoughtfully than has ever been done before. Focusing on constructive, achievable goals, the authors present ten governing principles for establishing truly sustainable societies and describe alternatives to the World Bank, the IMF, and the WTO that would better serve the needs of the planet. They offer detailed proposals for protecting vital goods and services from corporate exploitation, limiting corporate privileges and power, rebuilding economies to make them more responsive to human needs, and more. This revised and expanded edition features a new opening chapter on the global balance of power, a new section on the media and globalization, and a new final chapter on what ordinary citizens can do to fight the injustices of globalization. It also includes many new charts, sidebars, and other updated information.
Published between 9/11 and the sub-prime meltdown followed by the Euro-zone financial crisis, "Alternatives to Economic Globalization" can't be faulted for underestimating how unstable global financial capital markets would become, or missing the mark on where the problems would occur. While they may have informed the Occupy movement of 2011, that too has come and gone. As a report of the Internation Forum on Globalization (IFG) and sub-titled "A Better World is Possible" I don't question their good intentions. However, it did not age well. Some passages are very clear and concise. Otherwise, the book is filled with ideological jargon and there's a lot of repetition.
Above all, the authors did not anticipate that the anti-globalization movement would be hijacked by White Nationalists with a reactionary racist agenda. Several statements made me cringe. These could have been uttered by the 45th POTUS as excuses for weaseling out of various international agreements. The authors offer no path for reconciliation of the critique of multinational corporations with a protectionist, anti-immigrant agenda. As we face the transition from an authoritarian anti-globalist to a pro-globalist centrist, the book offers no path forward. The resources listed are dated. IFG has not maintained a website and appears to be defunct.
Many of the suggestion may be worth resurecting, particularly with respect to corporate accountability and governance. A better world is possible, and parts of it might be found here. However, a fresh perspective is needed in the post-Trump era.
sounds great but the book argues for localized capitalism. offers good reasons for localizing the economy, but still, it wants to go back to the early days of capitalism and what adam smith wanted.
We are using this book for a class I am teaching. I feel it provides a useful introduction to some of the critiques and structural flaws of the globalized economy. Given that it is a collection of many writings, it sometimes doesn't go as deep as I would like and I would appreciate having an alternative viewpoint. All that said, it's a useful introduction.
This book is a compilation of well-thought out ideas that resist the arguments of globalization as being a rising-tide phenomenon, and explores directions for global economic and creative cooperation without the dominance of the WTO, IMF and multinational corporations calling the shots.