Deglobalization
Ideas for a New World Economy

This is a short and trenchant history of those organizations - the World Bank, IMF, WTO, and Group of Seven - which have promoted economic glodalization and which are trying to manage what is in effect unmanageable.

This is a short and trenchant history of the organizations -- the World Bank, IMF, WTO, and Group of Seven -- which have promoted economic globalization and which are now trying to manage the unmanageable. Walden Bello points to their manifest failings, seen in recurrent financial crises, the ever widening gulf between developing and industrialized countries, the persistence of gross inequalities and mass poverty. He examines new ideas for reforming world economic management, and argues that a much more fundamental and radical shift of direction is required.

Foreword to the New Edition: The Crisis of the Globalist Project and the New Economics of George W. Bush The Crisis of the Globalist Project Three Moments of the Crisis of Globalization The New Economics of George W. Bush The Economics and Politics of Over-extension 1. Introduction: The Multiple Crises of Global Capitalism From Triumph to Crisis Multilateralism in Disarray The Crisis of the Neoliberal Order The Corporation under Question Cracks in Military Hegemony Degeneration of Liberal Democracy The Spectre of Deflation Rise of the Movement September 11's Contradictory Legacy 'Imperial Overstretch' Liberal Democracy Loses The Future 2. Marginalizing the South in the International System The Rise of UNCTAD The Bretton Woods Twins versus the UN Development System The Southern Challenge in the 1970s Rightwing Reaction and the Demonization of the South Resubordinating the South I: Structural Adjustment Resubordinating the South II: Taming the Tigers Resubordinating the South III: Dismantling the UN Development System The World Trade Organization: Third Pillar of the System The Group of 7: An International Directorate? 3. Sidestepping Democracy at the Multilateral Agencies World Bank International Monetary Fund World Trade Organization 4. Crisis of Legitimacy The IMF's Stalingrad The Past Catches up Meltzer and the World Bank The WTO and the Road to Seattle 5. The Vicissitudes of Reform, 1998-2002 Reforming the Global Financial Architecture From Structural Adjustment to Poverty Reduction? Non-democratic Decision-making Affirmed Decision-making at the WTO: From Seattle to Doha 6. Proposals for Reform of Global Governance: A Critical Analysis An Economic Security Council? The Meltzer Commission Proposal The 'Back to Bretton Woods System' School George Soros's Alternative System 7. The Alternative: Deglobalization Deconstruction Deglobalizing in a Pluralist World References Annex: Guide to Further Information Index