Globaloney 2.0: The Crash of 2008 and the Future of Globalization

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9780742567467: Globaloney 2.0: The Crash of 2008 and the Future of Globalization
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Globalization is in retreat, but history tells us that this is but a temporary reversal. Globalization will return, but in what form? More cycles of boom and bust? Or can globalization be rebuilt on a more feasible and sustainable platform? These are the compelling questions that Michael Veseth tackles in this thoroughly revised and updated edition of his award-winning book.

Veseth shows how pre-crash visions of globalization were based on three powerful myths: that global finance was a stable foundation for a global economy, that global markets homogenized and Americanized the world, and that globalization itself was irresistible—impossible to shape or oppose at any level from the grassroots on up. The world economic crisis has revealed globalization's Achilles heel: the fundamental instability of global financial markets and the unsettled foundation of economic globalization generally. This realization is a necessary first step, but it alone is not enough. We must rethink the rest of globalization's myths, Veseth persuasively argues, if we want to move beyond boom and bust to a sustainable global future.

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About the Author:

Michael Veseth is Robert G. Albertson Professor of International Political Economy at the University of Puget Sound.

Review:

PRAISE FOR THE FIRST EDITION In Globaloney, Michael Veseth achieves a rare combination: he conveys important economic arguments in a vivid and highly entertaining style. For anyone trying to assess the goods and bads of headlong progress toward a global economy, and trying to sort bogus fears from genuine reasons for concern, this book is a great place to start.... (Fallows, James)

PRAISE FOR THE FIRST EDITION Michael Veseth's entertaining book is written for a more general audience than standard academic texts and as such represents an attempt to engage the mythology and the rhetoric of globalisation on its own ground. Most interestingly, perhaps, Veseth chooses to take on some of globalisation's harshest critics, suggesting that they are as guilty of conjuring up myths to serve particular claims about the world as are their opponents in the pro-globalisation camp. Veseth's proseis eminently readable while being grounded with solid empirical findings. Globaloney should prove to be of great use in the classroom... (Political Studies Review)

PRAISE FOR THE FIRST EDITION This book is destined to please many readers..... (P. K. Kresl Choice)

PRAISE FOR THE FIRST EDITION Using a term coined by Clare Boothe Luce in 1943 for Vice President Henry Wallace's foreign policy, Veseth critiques today's rhetoric of globalization. He uses case studies and economic concepts to help readers understand globalization's basis in finance and its many complications. Recommended particularly for academic libraries supporting programs in business and economics; libraries should consider purchasing Veseth's previous work as well. Both titles aim to have readers 'think out of the box' when it comes to the concept of globalization. With a valuable extensive bibliography... (Library Journal)

PRAISE FOR THE FIRST EDITION Engaging, illuminating, and thought-provoking..... (International Review Of Modern Sociology)

PRAISE FOR THE FIRST EDITION A lively and informative textbook that brings to life the real meaning of globalization. The author is neither a cheerleader for nor a crusader against globalization. He simply seeks to explain this concept and its various manifestations in an objective fashion. (Nader Entessar)

PRAISE FOR THE FIRST EDITION Michael Veseth's entertaining book is written for a more general audience than standard academic texts and as such represents an attempt to engage the mythology and the rhetoric of globalisation on its own ground. Most interestingly, perhaps, Veseth chooses to take on some of globalisation's harshest critics, suggesting that they are as guilty of conjuring up myths to serve particular claims about the world as are their opponents in the pro-globalisation camp. Veseth's prose is eminently readable while being grounded with solid empirical findings. Globaloney should prove to be of great use in the classroom. (Political Studies Review)

PRAISE FOR THE FIRST EDITION This book is destined to please many readers. (P. K. Kresl Choice)

PRAISE FOR THE FIRST EDITION Using a term coined by Clare Boothe Luce in 1943 for Vice President Henry Wallace's foreign policy, Veseth critiques today's rhetoric of globalization. He uses case studies and economic concepts to help readers understand globalization's basis in finance and its many complications. Recommended particularly for academic libraries supporting programs in business and economics; libraries should consider purchasing Veseth's previous work as well. Both titles aim to have readers 'think out of the box' when it comes to the concept of globalization. With a valuable extensive bibliography. (Library Journal)

PRAISE FOR THE FIRST EDITION Engaging, illuminating, and thought-provoking. (International Review Of Modern Sociology)

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