Why Globalization Works by Martin Wolf

Why Globalization Works

byMartin Wolf

Paperback | June 10, 2005

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The debate on globalization has reached a level of intensity that inhibits comprehension and obscures the issues. In this book a highly distinguished international economist scrupulously explains how globalization works as a concept and how it operates in reality. Martin Wolf confronts the charges against globalization, delivers a devastating critique of each, and offers a realistic scenario for economic internationalism in the future.

Wolf begins by outlining the history of the global economy in the twentieth century and explaining the mechanics of world trade. He dissects the agenda of globalization's critics, and rebuts the arguments that it undermines sovereignty, weakens democracy, intensifies inequality, privileges the multinational corporation, and devastates the environment. The author persuasively defends the principles of international economic integration, arguing that the biggest obstacle to global economic progress has been the failure not of the market but of politics and government, in rich countries as well as poor. He examines the threat that terrorism poses and maps the way to a global market economy that can work for everyone.

About The Author

Martin Wolf is associate editor and chief economics commentator at the Financial Times in London. Formerly senior economist at the World Bank's division for international trade, he has worked in Kenya, Zambia, and India. He has been visiting professor at Oxford, Nottingham, and Rotterdam Universities and fellow of the World Economic Fo...
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Details & Specs

Title:Why Globalization WorksFormat:PaperbackDimensions:416 pages, 7.75 × 5 × 1.08 inPublished:June 10, 2005Publisher:Yale University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0300107773

ISBN - 13:9780300107777

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Editorial Reviews

“[Written by] one of the world’s most respected economic journalists . . . this elegant and passionate defense of trade liberalization is essential reading.”—Arvind Panagariya, Foreign Affairs