George Soros on Globalization

George Soros on Globalization

Book - 2002
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Grand Central Pub
Over the past decade, "globalization" has become a buzzword for everything that is happening in the world economy or even in international relations generally. But as even a cursory glance at recent headlines reveals, not everyone is happy with globalization. Violent protests are now a regular feature of international summit meetings, and many young people have expressed their strong opposition to policies that they see as enriching the rich at the expense of workers, the environment, and traditional culture.

As the world economy has transformed in the 1990s and early 2000s, no individual has grappled with the social and political implications of globalization more than George Soros. George Soros on Globalization seeks to assess not merely how well the world's financial institutions have fulfilled their larger mission of helping the entire world strive for prosperity, but also to point the way toward fixing the problems that have emerged in the globalization regime as a whole. Unlike other proponents of globalization, Soros does not dismiss the criticisms of the protesters; indeed, he welcomes them and acknowledges that in many ways the protesters have a clearer view of the issues at stake than the bankers and bureaucrats do. We ignore the protesters' message, Soros warns, at our peril.

Baker & Taylor
A provocative analysis of globalization cites its often violent social and political consequences while outlining a new agenda for leading nations of the world by which prosperity can still be reached by international financial institutions while addressing related problems.

Book News
Arguing that economic globalization (defined as "the free movement of capital and the increasing domination of national economies by global financial markets and multinational corporations") has led to the creation of wealth but that the distribution of goods has been lopsided, financier Soros puts forth some recommendations towards the reform of the global economy. He argues that the international financial and trade institutions need to be reformed to contain the instability of financial markets and to correct the built-in bias towards developed countries that largely control them. He further suggests that although the World Trade Organization's rules-based system is good for the transfer of private goods, it needs to be complemented by an incentives based system for the provision of public goods. Annotation c. Book News, Inc., Portland, OR (

Publisher: New York : Public Affairs, [2002]
Edition: First edition
Copyright Date: ©2002
ISBN: 9781586481254
Branch Call Number: 337 SOROS
Characteristics: xvi, 191 pages : illustrations ; 21 cm
Alternative Title: On globalization


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