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"In the process of dispelling . . .simplistic myths of economic globalization, Greenwald and Kahn present an alternative history based on facts . . . Refreshingly, their conclusions cut across traditional ideological chasms. . . Greenwald and Kahn challenge much of the conventional knowledge about globalization and offer investors a long-run look into macroeconomic developments. They present intriguing insights based on facts rather than political ideology. That's exactly what Foolish investors want to hear." (Motley Fool)
"Columbia professor and economist Bruce Greenwald, abetted by collaborator Judd Kahn, deftly punctures the prevailing wisdom on the effects of international trade, arguing that most of the books and reporting on the subject deal with this complex, multidimensional phenomenon simplistically, anecdotally and incorrectly… It's not globalization that's screwing things up. On the contrary. Overriding local political and economic interests subvert the flow of commerce, which introduces disparities and deficits that result in trade imbalances, inflation, deflation and unemployment."–Richard Pachter, "Globalization myths debunked," ( The Miami Herald)
"The list of globalization errors (both pro and con) is long, and makes fertile territory for Bruce Greenwald and Judd Kahn in "Globalization." The authors, a Columbia Business School professor and a historian, respectively, argue that local decision-making, productivity-enhancing technological change, and the growing demand for services will be the key forces shaping our futures -- not globalization, meaning the global flow of goods and capital. …this work is a crisp, provocative addition to the debate on globalization. It's well worth a look, particularly as a counterbalance to prevailing globalization "wisdom." (Rick Carew, The Wall Street Journal)
To its critics, globalization is a terrible development that makes almost everybody worse off and threatens the survival of the planet. They blame it for everything from mass poverty in Africa and Latin America to the falling living standards for workers in Europe and North America. In contrast, globalization's advocates argue that it is the greatest force for good in human history, a powerful institution for improving the quality of life around the world. The underlying problem with both of these positions, says Bruce Greenwald and Judd Kahn, is that they are based on certain accepted truths that are either highly questionable or largely false. In Globalization, they cut through the myths surrounding globalization and look more closely at its real impact, presenting a more accurate picture of the present status of globalization and its future consequences.
The authors show that globalization is not a recent development but has a long and cyclical history. They explain how, by concentrating so intently on globalization, we ignore the role of other important trends and simply attribute every change to globalization. Perhaps most importantly, they reveal how the globalization debate largely ignores information that is essential to understanding what is really going on. While many commentators rely on anecdotes or studies that are fundamentally flawed, Greenwald and Kahn uncover the real facts about globalization and answer the most important questions it raises: Will globalization increase or diminish in economic importance? Do higher living standards depend more on global or local conditions? To what extent are workers in rich countries likely to be affected by globalization? How will business be influenced? What are the actual implications of globalization for financial markets?
Looking to the future, Greenwald and Kahn identify trends that point strongly to an economy in which services play a larger role and in which local decisions are critical. They suggest that international monetary reform is one area where global cooperation will be required.
There has clearly been a glaring need for a straightforward, inclusive, and digestible presentation of the wide range of systematic data that addresses the question of the likely future of globalization. This timely book meets this need.
Who would publish a book that has typos, obvious typos, in the first few pages? I don't understand. Did the editor get tired of reading a book that was hard to understand and just... Read morePublished on January 27, 2011 by skivvies
This book was clear to read, but I can understand why some people will have fears regarding outsourcing, but I believe Chinese and western workers share the same fears. Read morePublished on June 18, 2010 by Laura
This book is a must read for anyone who wants to have any opinion about globalization. Greenwald goes against the common myths about globalization that are dominant in the media. Read morePublished on April 15, 2010 by Jacob Wolinsky
New ways to look at a subject are always interesting and this book certainly dug deeper for more insights.Published on January 26, 2009 by Fred L. Fleischbein
In Globalization n: Greenwald and Kahn argue that we have not nearly so much to fear from globalization as we have been encouraged to believe. This, of course, is no small thing. Read morePublished on January 17, 2009 by Sam R.
Short and concise. Globalization is not going to be the cause of the end of the world!Published on January 12, 2009 by J. Ruiz Luque