Synopses & Reviews
Will the world economy be forever more market-oriented and dominated by transnational corporations? This short and trenchant history of the organizations promoting economic globalization--the World Bank, IMF, WTO, and Group of Seven--points to their manifest failings. Walden Bello reviews these institutions' crisis of legitimacy and examines the major new ideas for reform--the Commission on Global Governance's suggestion of an Economic Security Council; the US Congress's Meltzer Commission proposals; and the ideas of financier, George Soros.
Synopsis
Will the world economy be forever more market-oriented and dominated by transnational corporations? This short and trenchant history of the organizations promoting economic globalization--the World Bank, IMF, WTO, and Group of Seven--points to their manifest failings. Walden Bello reviews these institutions' crisis of legitimacy and examines the major new ideas for reform--the Commission on Global Governance's suggestion of an Economic Security Council; the US Congress's Meltzer Commission proposals; and the ideas of financier, George Soros.
Synopsis
How to manage the global economy - and, more fundamentally, whether humanity wishes it to go in an ever more market-oriented, transnational corporation-dominated, and capital-footloose direction - is the most important international question of our time. In this short and trenchant history of those bodies -- the World Bank, IMF, WTO, and Group of Seven -- which have promoted this economic globalization, Walden Bello:
* Points to their manifest failings;
* Examines the major new ideas put forward for reforming the management of the world economy;
* Argues for a much more fundamental shift towards a decentralized, pluralistic system of global economic governance allowing countries to follow development strategies sensitive to their own values and particular mix of constraints and opportunities.
Synopsis
Will the world economy be forever more market-oriented and dominated by transnational corporations? This short and trenchant history of the organizations promoting economic globalization--the World Bank, IMF, WTO, and Group of Seven--points to their manifest failings. Walden Bello reviews these institutions' crisis of legitimacy and examines the major new ideas for reform--the Commission on Global Governance's suggestion of an Economic Security Council; the US Congress's Meltzer Commission proposals; and the ideas of financier, George Soros.
Synopsis
Includes bibliographical references (p. [119]-121) and index.
About the Author
Walden Bello is the founding Director of Focus on the Global South, a policy research institute based in Bangkok, Thailand.
Table of Contents
Evolution of the Current System of Global Economic Governance * Decision-Making Structures of the Multilateral Agencies * Crisis of Policy, Crisis of Legitimacy * The G-7 and Reform, 1998-2001 * Proposals for Reform of Global Economic Governance * An Alternative System of Global Economic Governance
Evolution of the Current System of Global Economic Governance * Decision-Making Structures of the Multilateral Agencies * Crisis of Policy, Crisis of Legitimacy * The G-7 and Reform, 1998-2001 * Proposals for Reform of Global Economic Governance * An Alternative System of Global Economic Governance