Globalization

Much has been written about globalization. Even more has been written over the past two centuries about capitalism and economic crises that threaten its survival. Yet there are still serious misunderstandings of each that make capitalism, despite its capacity for creating wealth, incapable of satisfying even the basic needs and aspirations of all, economic crises a growing threat to cooperation and peace, and globalization unsustainable in its present form. In this wide-ranging examination of the topical issues currently debated around the world, the author combines economic analysis with historical experience of many countries to show why fundamental changes in national attitudes and policies are urgently needed, the essential institutional and systemic reforms that this would require, and why economic progress, social stability and peace depend on them. This book is indispensable reading for professional economists, politicians and other decision makers, and all those interested in important national and international developments that affect everyone. It is essential reading, therefore, not only for students of economics but also those of social and business studies, international relations, politics and history.