Globalization and Its Enemies

Globalization and Its Enemies

Book - 2006
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Baker & Taylor
Counters the argument that the global economy forces a system on people who do not want it, contending that globalization shows people material prosperity that they do want, and that poor countries have been excluded, not exploited.

MIT Press
A provocative argument that that the frustrations of globalization stem from the gap between the expectations created by modern media and the lagging economic reality in poor countries.

A provocative argument that the frustrations of globalization stem from the gap between the expectations created and the lagging economic reality in poor countries.

The enemies of globalization--whether they denounce the exploitation of poor countries by rich ones or the imposition of Western values on traditional cultures--see the new world economy as forcing a system on people who do not want it. But the truth of the matter, writes Daniel Cohen in this provocative account, may be the reverse. Globalization, thanks to the speed of twenty-first-century communications, shows people a world of material prosperity that they do want--a vivid world of promises that have yet to be fulfilled. For the most impoverished developing nations, globalization remains only an elusive image, a fleeting mirage. Never before, Cohen says, have the means of communication--the media--created such a global consciousness, and never have economic forces lagged so far behind expectations. Today's globalization, Cohen argues, is the third act in a history that began with the Spanish Conquistadors in the sixteenth century and continued with Great Britain's nineteenth-century empire of free trade. In the nineteenth century, as in the twenty-first, a revolution in transportation and communication did not promote widespread wealth but favored polarization. India, a part of the British empire, was just as poor in 1913 as it was in 1820. Will today's information economy do better in disseminating wealth than the telegraph did two centuries ago? Presumably yes, if one gauges the outcome from China's perspective; surely not, if Africa's experience is a guide. At any rate, poor countries require much effort and investment to become players in the global game. The view that technologies and world trade bring wealth by themselves is no more true today than it was two centuries ago. We should not, Cohen writes, consider globalization as an accomplished fact. It is because of what has yet to happen--the unfulfilled promises of prosperity--that globalization has so many enemies in the contemporary world. For the poorest countries of the world, the problem is not so much that they are exploited by globalization as that they are forgotten and excluded.



Publisher: Cambridge, Mass. : MIT Press, c2006
ISBN: 9780262033503
026203350X
Characteristics: 192 p. ; 21 cm

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StarGladiator
Sep 05, 2013

"Presumably yes, if one gauges the outcome from China's perspective" - - gee whiz, guess this guy doesn't know anything about economics and finance? Offshoring the jobs, technology and investment, from America, Japan and Europe, to China, drives the Chinese economic development. Relatively obvious to anyone with at least two synapses to fire together!

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