Rethinking Globalization: Critical Issues and Policy Choices

In this optimistic book Martin Khor, director of the influential Third World Network, sets out concrete proposals for what Third World governments can do to shape globalization to their particular circumstances. His book explains what economic globalization means in trade, finance and investment, and shows how globalization is not increasing economic growth in most countries, or reducing inequality and poverty. In the process, Khor refutes the 'one size fits all' policy prescriptions foisted by the World Bank, IMF and WTO on developing countries, arguing that these countries must themselves be allowed to decide when and how to open their economies to the global system. At stake is nothing less than the whole prospect of rapid, just and diversified development in the South, on which prosperity, the environment and an end to mass poverty depend.

Review: 'A concise, down-to-earth account of various pitfalls in the globalization process. It is essential reading for policy makers and negotiators, especially of developing countries.' Yilmaz Akyuz, chief economist at United Nations Conference on Trade and Development (UNCTAD) 'A valuable contribution to the debate on globalization. It examines the implications of globalization for development from the perspective of the South. The simple exposition also makes it accessible to students, policy makers and concerned citizens.' Deepak Nayyar, University of Delhi