Why Globalization Matters

By addressing the major contemporary challenges to globalization, this study explains why and how the global continues to matter in our unsettled world.

In what are generally understood as unsettled times, this book explores the possibility and desirability of bringing integrated theory back into globalization research. While there can hardly be a single and all-encompassing grand theory' of globalization-in-itself, is there scope for the development of a general and systematic approach to globalization dynamics, past and present? In other words, can theorizations of the global be holistic and integrative, taking place in tandem with methodological frameworks that consider the contradictory and uneven layering of different transnational practices across all social relations? Is it possible to develop a general and integrated approach to globalization that links theory and practice in a socially engaged way, and is it desirable to do so? Many relevant academic and non-academic developments suggest not. For example, the postmodernist turn at the end of the last century expressed a profound incredulity' toward grand narratives' in the social sciences and humanities. A decade later, some neo-Marxist critics condemned the follies of globalization theory'. More recently, the post-truth' interventions of national populists suggest not only that globalism' is the political enemy but also that attempts to understand its patterns and manifestations are relative or irrelevant. Taking Manfred Steger and Paul James' acclaimed book Globalization Matters as a back-drop against which to interrogate these issues, contributors from a variety of disciplinary, analytical and normative standpoints deliver a thoughtful and much needed assessment of the scholarship of globalization and the ways it is theorized. The chapters in this book were originally published as a special issue of the journal Globalizations.

An essential guide to the intractable public debates about the virtues and vices of economic globalization, cutting through the complexity to reveal the fault lines that divide us and the points of agreement that might bring us together. Globalization has lifted millions out of poverty. Globalization is a weapon the rich use to exploit the poor. Globalization builds bridges across national boundaries. Globalization fuels the populism and great-power competition that is tearing the world apart. When it comes to the politics of free trade and open borders, the camps are dug in, producing a kaleidoscope of claims and counterclaims, unlikely alliances, and unexpected foes. But what exactly are we fighting about? And how might we approach these issues more productively? Anthea Roberts and Nicolas Lamp cut through the confusion with an indispensable survey of the interests, logics, and ideologies driving these intractable debates, which lie at the heart of so much political dispute and decision making. The authors expertly guide us through six competing narratives about the virtues and vices of globalization: the old establishment view that globalization benefits everyone (win-win), the pessimistic belief that it threatens us all with pandemics and climate change (lose-lose), along with various rival accounts that focus on specific winners and losers, from China to AmericaÕs rust belt. Instead of picking sides, Six Faces of Globalization gives all these positions their due, showing how each deploys sophisticated arguments and compelling evidence. Both globalizationÕs boosters and detractors will come away with their eyes opened. By isolating the fundamental value conflictsÑgrowth versus sustainability, efficiency versus social stabilityÑdriving disagreement and show where rival narratives converge, Roberts and Lamp provide a holistic framework for understanding current debates. In doing so, they showcase a more integrative way of thinking about complex problems.

A powerful case for the global market economy 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.

We live today in an interconnected world in which ordinary people can became instant online celebrities to fans thousands of miles away, in which religious leaders can influence millions globally, in which humans are altering the climate and environment, and in which complex social forces intersect across continents. This is globalization. In the fifth edition of his bestselling Very Short Introduction Manfred B. Steger considers the major dimensions of globalization: economic, political, cultural, ideological, and ecological. He looks at its causes and effects, and engages with the hotly contested question of whether globalization is, ultimately, a good or a bad thing. From climate change to the Ebola virus, Donald Trump to Twitter, trade wars to China's growing global profile, Steger explores today's unprecedented levels of planetary integration as well as the recent challenges posed by resurgent national populism. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

In what are generally understood as unsettled times, this book explores the possibility and desirability of bringing integrated theory back into globalization research. While there can hardly be a single and all-encompassing 'grand theory' of globalization-in-itself, is there scope for the development of a general and systematic approach to globalization dynamics, past and present. In other words, can theorizations of the global be holistic and integrative, taking place in tandem with methodological frameworks that consider the contradictory and uneven layering of different transnational practices across all social relations? Is it possible to develop a general and integrated approach to globalization that links theory and practice in a socially engaged way, and is it desirable to do so? Many relevant academic and non-academic developments suggest not. For example, the postmodernist turn at the end of the last century expressed a profound 'incredulity' toward 'grand narratives' in the social sciences and humanities. A decade later, some neo-Marxist critics condemned the 'follies of globalization theory'. More recently, the 'post-truth' interventions of national populists suggest not only that 'globalism' is the political enemy but also that attempts to understand its patterns and manifestations are relative or irrelevant. Taking Manfred Steger and Paul James' acclaimed book Globalization Matters as a back-drop against which to interrogate these issues, contributors from a variety of disciplinary, analytical and normative standpoints deliver a thoughtful and much needed assessment of the scholarship of globalization and the ways it is theorized. The chapters in this book were originally published as a special issue of the Globalizations.

This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national bestseller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition.

This brilliantly original book dismantles the underlying assumptions that drive the decisions made by companies and governments throughout the world, to show that our shared narrative of the global economy is deeply flawed. If left unexamined, they will lead corporations and countries astray, with dire consequences for us all. For the past fifty years or so, the global economy has been run on three big assumptions: that globalization will continue to spread, that trade is the engine of growth and development, and that economic power is moving from the West to the East. More recently, it has also been taken as a given that our interconnectedness—both physical and digital—will increase without limit. But what if all these ideas are wrong? What if everything is about to change? What if it has already begun to change but we just haven't noticed? Increased automation, the advent of additive manufacturing (3D printing, for example), and changes in shipping and environmental pressures, among other factors, are coming together to create a fast-changing global economic landscape in which the rules are being rewritten—at once a challenge and an opportunity for companies and countries alike.