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Economic Governance in the Age of Globalization

5 out of 5 stars 2 customer reviews
ISBN-13: 978-0231131551
ISBN-10: 0231131550
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Editorial Reviews

Review

The best critical analysis of the constructing of current economic governance institutions and agendas. Throughout this analysis Tabb shows us how partial a map of this process has been produced by the main scholarly traditions on the subject. This juxtaposition illuminates the contingent character of the current system and the work that can be done to develop alternative objectives.

(Saskia Sassen, author of Losing Control? Sovereignty in an Age of Globalization)

This is definitely an original and constructive contribution. The book is well written and engaging and the arguments are clear and well formulated.

(Christopher Chase-Dunn, University of California, Riverside)

The book does a wonderful job of laying out the dilemmas of the current incomplete attempts to govern the global economy, placing them in a historical context that allows us to see viable alternatives.

(Craig N. Murphy, Wellesley College and chair, Academic Council on the U.N. System (2002-2004))

His book is an original contribution to the discussion on the current state of globalization.

(Oliver Marnet Journal of Economic Issues)

Tabb's manuscript on this subject is not a traditional research monograph... He offers a strong critical assessment of the neoliberal economic agenda.

(David H. Bearce International Journal)

Up-to-date... unusually well informed about the academic literature across economics, IR, IPE, and security studies.

(Robert Hunter Wade Perspectives on Politics)

The book clearly identifies links between politics and economics in the age of globalization and puts them in an interesting historical perspective

(Dirk-Jan Koch Development and Change)

Review

Hard-hitting in its critical perspective yet sensitive to competing positions, Tabb's most recent book is indispensable reading for anyone wanting to know who, if anyone, is in charge of a globalizing economy and how it's run.

(James H. Mittelman, School of International Service, American University)
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Product Details

  • Paperback: 528 pages
  • Publisher: Columbia University Press (June 2, 2004)
  • Language: English
  • ISBN-10: 0231131550
  • ISBN-13: 978-0231131551
  • Product Dimensions: 6.3 x 1.1 x 9 inches
  • Shipping Weight: 1.6 pounds (View shipping rates and policies)
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Best Sellers Rank: #3,665,124 in Books (See Top 100 in Books)

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By Robert David STEELE Vivas HALL OF FAMETOP 1000 REVIEWER on March 4, 2008
Format: Paperback Verified Purchase
Although this book was published in 2004, I did not notice it until recently, and I must say, I find it more relevant than ever today, in 2008. It could have lost a star for not being sufficiently visionary or for not offering a specific implementable plan for overturning the broken global economic governance regimes that it so brilliantly dissects, but out of respect for the author's superior scholarship and my own limitations, I must go with five stars.

Indeed, I am astonished to not see another review. The author deserves reading and recognition.

Here are a few of my flyleaf notes:

+ Superb detailed examination of how the so-called global economic governance organizations are the last gasp of the pyramidal pathologies, lacking in democratic public dialog or deliberation.

+ author struck me as overly generous to the USA but he clearly points out the need to understand and respect the detailed reaons why others do not agree with US "designs" and the US insistence on treating each country alone, rather than in a regional context.

+ I was taken with the author's concise focus on the dangerous combinations of US subsidies, excessive borrowing (this was before the subprime mortage and credit crisis we are now experiencing).

+ Switzerland has reformed SLIGHTLY and is still the banker of choice for dictators and corrupt despots who are looting their countries, creating failed states and perpetual poverty. I have a side note: "time to invade Switzerland and demand open banking?"

+ The author points out that free flowing investment and rules against expropriation are diametrically opposed to sovereign governance and any attempt to provide for sustained development and financial stability.
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Format: Paperback
William Tabb is Professor of Sociology and Economics at the City University of New York. This splendid book studies the globalisation debate, the post-1945 economic order, the international financial institutions, crises, finance, the big corporations, international trade and investment, the World Trade Organization, the conflict between markets and labour, and alternative strategies. He links politics and economics, and surveys the literature across economics, international relations and international political economy.

He observes that in the 1920s, "Deflation, pressure to increase exports, competitive devaluations, and growing protectionism were the product of the resultant crisis, not its cause." Europe's nations rebuilt after World War Two by protecting their industry and promoting home consumption, well before they formed the free-market EEC.

He writes, "Neoliberalism is widely understood by even many mainstream economists and policy wonks to have failed in terms of its announced goals. It has not brought more rapid economic growth, reduced poverty, or made economies more stable. In fact over the years of neoliberal hegemony, growth has slowed, poverty has increased, and economic and financial crises have plagued most countries of the world economy. The data on all of this are overwhelming. Neoliberalism has, however, succeeded as the project of the most internationalized fractions of capital. In its unannounced goal it has increased the dominance of transnational corporations, international financers, and sectors of local elites." As the International Monetary Fund had to admit, "The empirical evidence has not established a definitive proof that financial integration has enhanced growth for developing countries.
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