About the Book

In this optimistic book Martin Khor, Director of the influential Third World Network, sets out concrete proposals for what Third World governments can do to shape globalization to their particular circumstances. His book:

• Explains what economic globalization means in trade, finance and investment

• Shows how globalization is not increasing economic growth in most countries, or reducing inequality and poverty

• Criticises Western governments for their undemocratic domination of the international policy process

• Refutes the ‘one size fits all‘ policy prescriptions foisted by the World Bank, IMF and WTO on developing countries

• Argues that these countries must themselves be allowed to decide when and how to open their economies to the global system.

• At stake is nothing less than the whole prospect of rapid, just and diversified development in the South, on which prosperity, the environment and an end to mass poverty depend.

Commendations

"A concise, down-to-earth account of various pitfalls in the globalization process. It is an essential reading for policy makers and negotiators, especially of developing countries" - Yilmaz Akyuz, Chief Economist, United Nations Conference on Trade and Development (UNCTAD)

"A valuable contribution to the debate on globalization. It examines the implications of globalization for development from the perspective of the South. The simple exposition also makes it accessible to students, policy makers and concerned citizens" - Deepak Nayyar, Vice Chancellor, University of Delhi, India.

Contents

1. Introduction
2. The Globalization Process.
3. Key Issues in Trade.
4. Key Issues in Finance.
5. Key Issues in Investment Liberalization. 6. General conclusions and specific proposals.

About the Author

Martin Khor is the Director of Third World Network. TWN is one of a number of non-governmental organizations in different parts of the developing world which are concerned with understanding and influencing global policy. In this capacity, he has acted as a strong advocate on behalf of citizens' groups in the Third World on a range of international issues, including sustainable development, biosafety and other environmental questions, and the impact of globalization on the development prospects of the South. He received his original training in economics at the University of Cambridge.

He is a board member of the Consumers' Association of Penang (CAP), the South Centre in Geneva, and the International Forum on Globalization. He is also a former Vice Chairman of the UN Commission on Human Rights Expert Group on the Right to Development. He travels widely on speaking and other engagements and is the author of several books and numerous papers, occasional publications and newspaper articles on trade, development and environmental matters.

Academic Adoption Information

This book is used for teaching at the following institutions:

University of Leicester