Beyond Globalization: Shaping a Sustainable Global Economy [Paperback]

Hazel Henderson (Author)

Book Description

Publication Date: December 1999

* An international bestseller written by a world renowned futurist, economist, and consultant on sustainable development
* Named as one of Future Survey’s Super 70 books
* A concise reader for students of political science or the interested, globally motivated consumer

Beyond Globalization is a provocative critique of globalization, which is creating a bubble economy at the cost of real, local enterprises and livelihoods. Henderson argues for a more holistic approach as a way of breaking out of the narrow prism of GDP measurements. She generates a panoramic vision of the changes required to reshape global economy toward social justice and sustainability at every level.

Editorial Reviews

Review

A dazzling and compact synthesis of high-flying ideas. Henderson at her best.(reforming the global economy at seven levels) -- Future Survey, January 1, 2000

From the Publisher

Kumarian Press congratulates the Beyond Globalization for being named as one of 'Future Survey's Super 70, 1996-2000'!

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Product Details

• Paperback: 96 pages
• Publisher: Kumarian Press (December 1999)
• Language: English
• ISBN-10: 1565491076
• ISBN-13: 978-1565491076
• Product Dimensions: 8.7 x 5.8 x 0.2 inches
• Shipping Weight: 4.2 ounces (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #1,599,144 in Books (See Top 100 in Books)

More About the Author

Hazel Henderson, founder, Ethical Markets Media, LLC and Series Creator and Co-Executive Producer of its TV series - Dr. Hazel Henderson is a world renowned futurist, evolutionary economist, a worldwide syndicated columnist, consultant on sustainable development, and author of Beyond Globalization, and seven other books. Her editorials appear in 27 languages and more than 400 newspapers syndicated by InterPress Service, Rome, New York, and Washington DC. Her articles have appeared in over 250 journals, including (in USA) Harvard Business Review, New York Times, Christian Science Monitor, and Challenge, Mainichi (Japan), El Diario (Venezuela), World Economic Herald (China), LeMonde Diplomatique (France) and Australian Financial Review. Her books are translated into German, Spanish, Japanese, Dutch, Swedish, Korean, Portuguese, and Chinese. More at www.HazelHenderson.com.

Customer Reviews

Most Helpful Customer Reviews

1 of 1 people found the following review helpful:

5.0 out of 5 stars Excellent ! Shows how globalization is primarily based on banker financed speculative bubbles that collapse-4.5 stars st, November 23, 2008

By 

Michael Emmett Brady "mandmbrady" (Bellflower, California ,United States) - See all my reviews
(VINE VOICE)    (REAL NAME)   

This review is from: Beyond Globalization: Shaping a Sustainable Global Economy (Paperback)

This is a small book that packs a powerful punch.Henderson shows that the primary focus of globalization is not the creation of booming ,international economic exchanges of goods among nations seeking other countries goods,but the financial manipulation of exchange rates and currencies that allow increased speculative behavior by the world's commercial and investment banks.The goal is to provide " financial services ";this is simply a codeword for the manipulation of accounting balance sheet items so that profits can be made without any production.The history of international economic relations over the last 25 -30 years is primarily the history of speculative,short term,"hot" money being "invested " in various second and third world countries for purely short run speculative goals.The result is always some kind of bubble that invariably deflates.The " hot" money is instantaneously pulled out and deposited in another contry where the speculative bubble making process repeats over and over again.The result has been one financial crisis after another financial crisis at the international level .These types of bubbles create highly detrimental,negative externality and spillover impacts on the local,indigenous population.Significant decreases in the standard of living and quality of life are imposed after the bubbles deflate.None of these costs shows up directly in the GDP figures of the countries effected.

Henderson presents a number of suggested policy changes that would lead to better economic outcomes that would be sustainable over the long haul.

I have one criticism to make of this book.Adam Smith already went over this problem in great detail in his The Wealth of Nations(1776;Modern Library(Cannan)edition,pp.260-340).Smith makes it crystal clear that the only way to prevent speculative bubbles and the ensuing financial crisis is to set up a independent central bank that will prevent the member banks from making any loans to speculators(Smith calls them PROJECTORS and shows how bankers are attracted to these types of individual borrowers),PRODIGALS, AND IMPRUDENT RISK TAKERS.Smith's conclusion is that any such loans will waste the savings of the depositors and lead to a decrease in needed investment.The savings will not be invested in necessary job creating businesses over time.The result will be what Keynes called involuntary unemployment.I have deducted 1/2 of a star because of this lacuna.