Real World Globalization

Edition:21st

Date of publication:December 2022

ISBN:978-1-939402-71-4

Pages:382

Price:$42.50

• About
• Table of Contents

Real World Globalization is an essential guide to the changing trends in global trade, investment, labor relations, and economic development, especially in the Covid-19 era. Its well-researched, clearly written articles are drawn from the pages of Dollars & Sense, the leading magazine of popular economics. They provide highly accessible analysis of global corporations, international institutions and “free trade” agreements, globalization and conditions of labor, international debt, environmental and resource issues, and alternatives to dominant policies and institutions.

This 21st edition is thoroughly revised and updated, with new articles on the continued impact of the Covid-19 pandemic, cryptocurrency, climate change, and immigration.

Its distinguished list of contributors includes James M. Cypher, Gerald Epstein, Jayati Ghosh, Arthur MacEwan, John Miller, Thomas Palley, Robert Pollin, Vijay Prashad, and many others.

“As textbooks become more conservative and less topical, I find that Dollars & Sense readers are more useful than ever in my undergraduate classes. They are jargon-free, up-to-date, and inexpensive, as well as consistently and thoughtfully progressive. I recommend them highly.” —ROBIN HAHNEL, American University

“The articles provide students with access to current economic issues, along with a progressive framework. The writing is always good. Students always find them to-the-point, and learn a lot from them.”
—BILL GANLEY, State University of New York–Buffalo

“Real World Globalization is an indispensable tool for understanding the social impacts of the new global economy, both domestically and internationally, and is written in a language and style that’s accessible yet without compromise of rigor or principle.” —GERALD SUSSMAN, Portland State University

• CHAPTER 1—CRITICAL PERSPECTIVES ON GLOBALIZATION
  • 1.1 The Global Economy TodayArthur MacEwan
  • 1.2 Neoliberalism as NeocolonialismJayati Ghosh
  • 1.3 Inequality in the WorldArthur MacEwan
  • 1.4 Globalization in CrisisJohn Miller
  • Covid-19 Spotlight:
    • 1.5 The Pandemic and the Global EconomyJayati Ghosh
• CHAPTER 2—INHERENT CRISES OF CAPITALISM
  • 2.1 The “Emerging Economies” TodayJayati Ghosh
  • 2.2 “Secular Stagnation” ContinuesJohn Miller
  • 2.3 The Human Toll of Greek AusterityEvita Nolka
  • 2.4 Everything Is Connected to Everything ElseArthur MacEwan
  • Covid-19 Spotlight:
    • 2.5 Covid-19 and Catastrophe CapitalismJohn Bellamy Foster and Intan Suwandi, as edited and abridged by the Dollars & Sense Collective
    • 2.6 The Stock Market and the Coronavirus CrisisJohn Miller
• CHAPTER 3—CORPORATE POWER AND THE GLOBAL ECONOMY
  • 3.1 Control the Vampire CompaniesJayati Ghosh
  • 3.2 Monopoly EverywhereArmağan Gezici
  • 3.3 No Friendship in TradeSasha Breger Bush
  • 3.4 If Corporations Are People, What Kind of People Are They?Geoff Schneider
  • 3.5 Ensuring Fairer International Corporate TaxationJomo Kwame Sundaram and Anis Chowdhury
  • 3.6 Multinationals and Oil Companies Are Imposing Their Greed on the People of MozambiqueVijay Prashad
  • Covid-19 Spotlight:
    • 3.7 Are Governments Economically Stupid in Failing to Suspend Patent Protection for Vaccines?Arthur MacEwan
• CHAPTER 4—INTERNATIONAL TRADE AND INVESTMENT
  • 4.1 The Gospel of Free TradeArthur MacEwan
  • 4.2 Weaponizing Free Trade AgreementsAnis Chowdhury and Jomo Kwame Sundaram
  • 4.3 Comparative AdvantageRamaa Vasudevan
  • 4.4 The United States Has Given Protectionism a Bad NameWilliam G, Moseley
  • 4.5 Local, or Far Away?Arthur MacEwan
• CHAPTER 5—INTERNATIONAL FINANCE
  • 5.1 SWIFT, the U.S. Dollar, and the Global Political Economy of TradeBill Barclay
  • 5.2 Inflation Targeting and NeoliberalismGerald Epstein
  • 5.3 No Blank Check for Development BanksKevin Gallagher and Jörg Haas
  • 5.4 Cryptocurrency Will Not Liberate UsHadas Thier
• CHAPTER 6—INTERNATIONAL INSTITUTIONS
  • 6.1 The IMF and World BankThe Dollars & Sense Collective
  • 6.2 The World Trade OrganizationThe Dollars & Sense Collective
  • 6.3 The European Union and the EurozoneThe Dollars & Sense Collective
  • Covid-19 Spotlight:
    • 6.4 Trump’s Withdrawal From the World Health OrganizationPrabir Purkayastha
• CHAPTER 7—LABOR IN THE GLOBAL ECONOMY
  • 7.1 The Globalization ClockThomas Palley
  • 7.2 Globalization and the End of the Labor AristocracyJayati Ghosh
  • 7.3 Transnational Capital and Transnational LaborAn Interview with William K. Tabb
  • 7.4 Outsized Offshore OutsourcingJohn Miller
  • 7.5 Taylor's Digital StopwatchRobert Ovetz
• CHAPTER 8—MIGRATION
  • 8.1 Walled Off From RealityJohn Miller
  • 8.2 “Migration Is a Form of Fighting Back”David Bacon
  • 8.3 Europe’s Refugee “Crisis”Jayati Ghosh
  • 8.4 Climate Change and the Immigration DebateLyuba Zarsky
  • 8.5 Going Beyond Immigration PolicyTim Wise
  • 8.6 As Honduras Collapses, Its People Are Forced to FleeLaura Carlson
  • 8.7 Farmworkers Need Families, Not Deportation and ExploitationDavid Bacon and Anuradha Mittal
• CHAPTER 9—CHALLENGES IN ECONOMIC DEVELOPMENT
  • 9.1 Measuring Economic Development: The “Human Development” ApproachAlejandro Reuss
  • 9.2 Famine MythsWilliam G. Moseley
  • 9.3 Land Reform: A Precondition for Sustainable Economic DevelopmentJawied Nawabi
  • 9.4 Capital Flight from Africa: What Is to Be Done?James K. Boyce
  • 9.5 Another False Start in Africa with Green Revolution MythsTimothy A. Wise and Jomo Kwame Sundaram
  • 9.6 Magical Thinking About Fertilizer and Climate ChangeTimothy A. Wise
• CHAPTER 10—THE STATE, DEVELOPMENT, AND GLOBALIZATION
  • 10.1 What Ever Happened to Development?Jawied Nawabi
  • 10.2 Latin America Needs an Efficient Developmentist StateAn Interview with Matías Vernengo
  • 10.3 Confronting Neoliberalism at Last: The Political Economy of Power vs. Policy in Gabriel Boric's ChileJames M. Cypher
  • 10.4 Leaky Governance: The Politics and Economics of Gasoline Theft in MexicoFrancisco J. Aldape
  • Covid-19 Spotlight:
    • 10.5 Stringent, Stingy, and Severe: The Covid-19 Crisis in Modi’sSmriti Rao
• CHAPTER 11—THE POLITICAL ECONOMY OF EMPIRE
  • 11.1 Colonialism, “Underdevelopment,” and the International Division of LaborAlejandro Reuss
  • 11.2 Does U.S. Prosperity Depend on Exploitation?Arthur MacEwan
  • 11.3 Puerto Rico’s Perfect Storm: Colonialization, Privatization, and TrumpArthur MacEwan
  • 11.4 “Tied” Foreign AidArthur MacEwan
  • 11.5 Haiti’s Fault LinesMarie Kennedy and Chris Tilly
• CHAPTER 12—NATURAL RESOURCES AND THE ENVIRONMENT
  • 12.1 Can We Afford a Stable Climate?Frank Ackerman
  • 12.2 Solving the Climate Crisis with Nuclear Energy Won't WorkRobert Pollin
  • 12.3 Is Economic Growth Ecologically Sustainable?Arthur MacEwan
  • 12.4 Austerity-Obsessed Europe Could Combat Climate Change Without Raising TaxesDean Baker
  • 12.5 Why Some Leaders in Poorer Countries are Championing the EnvironmentRobin Broad and John Cavanagh
  • 12.6 Farmers Halt a Land-Grab in MozambiqueTimothy A. Wise
• CHAPTER 13—RESISTANCE AND ALTERNATIVES
  • 13.1 Equality, Solidarity, SustainabilityJayati Ghosh
  • 13.2 After Horror, Change?John Miller
  • 13.3 Understanding France’s Gilets JaunesAarth Saraph
  • 13.4 The Buenaventura Civic StrikePatricia M. Rodriguez
  • 13.5 The Fight Against Mining Companies Goes GlobalRobin Broad and John Cavanagh
  • 13.6 India’s Farmers ProtestsSirisha Naidu
  • 13.7 Leveraging Financial Markets for Social JusticeDoug Orr
  • 13.8 On the Floor with Startbucks WorkersAlyssa Alfaro

Contributors