Globalization: Tame It or Scrap It?

Greg Buckman

Globalization: Tame It or Scrap It?

Greg Buckman

Distributed for Zed Books

256 pages | 5.4375 x 8.5
Paper $41.95 ISBN: 9781842773819 Published May 2004 For sale in North and South America only
PART I: The Evolution and Consequences of Economic Globalization
1. Introduction

2. The Evolution of Global Supermarket: A History of World Trade

World trade in the nineteenth century
World trade in the twentieth century
World trade after the Second World War
The shocks of the 1970s
Causes of the spread of world trade

3. The Evolution of the Global Bank: A History of World Capital Flows

Pre-Industrial Revolution global finance
The influence of the Industrial Revolution
The emergence of the gold standard
The First World War and the interwar years
The Bretton Woods twins
The world economic order from the 1950s to the 1970s
The shocks of the 1970s
Todayûs casino economy

4. The Engines of Globalization

Transnational corporations
The political influence of TNCs; The on-the-ground influence of TNCs; Changing attitudes
towards TNCs
The World Trade Organization
Trade negotiations; The Doha Round; The bizarre rulings of the WTO; The new trade
boundaries pushed by the WTO; Regional trade deals
The International Monetary Fund and World Bank
The rise of the IMF and World Bank; The fall of the IMF and World Bank
The Washington Consensus
The technological engines of globalization
The environmental price of world trade

5. Rich versus Poor in the Global Economy

The polarization of global wealth
Concentration of economic globalization around rich countries
Relative size of poor economies
The third world debt crisis
Poor countries and global trade
Trade winners and losers
Poor country raw material exports
Poor country trade winners
Export-processing Zones
Rich country trade losers
Aid to the rescue?
Ecological debt

6. Rich Country Double Standards

Rich country double standards on trade
Double standards on patents
Double standards on agricultural and textile trade

PART II: The Policy Alternatives of the Anti-Globalization Movement

7. The Anti-Globalization Movement

The global loss of democracy
The anti-globalization movement
Origins of the anti-globalization movement
The anti-globalization protests
Policy formulation by the anti-globalization movement
NGOs and non-mainstream parties

8. The Fair Trade/Back to Bretton Woods School

Ending rich country protectionism, allowing poor country special and different treatment;
Protection of national agricultural industries; Social and environmental trade clauses
The Future of the IMF, World Bank and WTO
The World Trade Organization; No new issues; Services and patent agreements; The
International Monetary Fund and World Bank; Debt cancellation
Capital Market and Transnational Corporation Regulation
Different types of capital control; The Tobin Tax; Control over Transnational Corporations;
An international bankruptcy mechanism

9. The Localization School

Advocates of Localization
Localization aiding Democracy
The Future of the IMF, World Bank and WTO
The World Trade Organization; The International Monetary Fund and World Bank
Capital and Transnational Corporation Regulation
Control over transnational corporations

10. Globaphobes versus Globaphiles

The Oxfam Rigged Rules report debate
Short versus long term strategies
Corporate engagement
Rich country versus poor country anti-globalization organizations
Changing fashions within the anti-globalization movement
Policies that straddle both schools
Policies that stand outside the localization / fair trade divide

11. Deficiencies of Both Schools

Deficiencies in Fair Trade school policies
Deficiencies in Localization school policies
Deficiencies common to both schools

12. The Policy Future of the Anti-Globalization Movement

The common ground between the two schools
Common policies of the Fair Trade and Localization schools; Philosophies common to both Schools
Broader areas of agreement between the two schools
Agreement on need for international finance institutions; Agreement on need for residual
world trade and limited protectionism
Potential areas of better consistency between the two schools
Capital market / TNC regulation policies ; Management of the IMF, World Bank and
WTO policies; Trade policies
The general policy future of the anti-globalization movement
The need for the anti-globalization movement to engage with the public more; The need for the
anti-globalization movement to engage with itself more

13. Conclusion
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