Alternatives to Economic Globalization: A Better World Is Possible [Paperback]

Moreover, the individual contributors offer a series of quite specific collective strategies for combating and limiting the extent of corporate domination, and also discuss various alternative systems in the critical areas of energy, agriculture, transportation, and manufacturing. There is also a lively discussion pertaining to modes of political action to deconstruct and even destroy the World Trade Organization (WTO), as well its predecessor and corollary institutions, the World Bank and the International Monetary Fund or IMF. From the time of the creation of the post WWII international monetary system at Bretton Woods in 1944, through the institution of the World Bank, the IMF, and GATT, the rise of globalization has necessarily towed in its wake an increasing pressure both on the natural environment and the natural resources the corporate forces must dominate and control to continue its essential core function of international economic growth.

With the rise of an organized opposition and a declaration of that organization's policies to systematically resist and counter the effects of the WTO, the anti-globalization forces around the world now have a formal manifesto for the systematic resistance to the forces of corporate sponsored economic globalization. Of course, given the fact that the existing corporate effort is so widespread, pandemic, and attractive to a variety of international corporate forces, any prospect for reversing the trend will be problematic indeed. Yet, given the potential for catastrophic consequences stemming from the movement toward the expanding influence of such global corporate enterprises, the authors argue that we would do well to try.

This is an important book, one that arms the reader with an array of facts regarding what the so-called "New World Order" really means in terms of its potential impact on each us in every aspect of our lives, as individuals, as members of the local community, as consumers of necessary (and other) products, and as citizens of a nation and of the world at large. The scope of the change to come is immense, and it is obviously in the interest of each of us to better understand exactly what is at stake in terms of our lives, our freedoms as citizens, and our survival in a world increasingly endangered by reckless corporate activities that are destroying the biosphere. I highly recommend this book. Enjoy!

This is no extremist anti-corporate, anti-capitalist text, although it does clearly come to the conclusion that the vector of economic globalisation that we are on is neither inevitable, desirable nor sustainable. It is notable for arguing at the level of underlying principles and their practical consequences - it makes explicit the assumptions underlying corporate globalisation and questions them. This, in itself, is a valuable service as so much of the 'debate' in the media proceeds on the basis of bald assertion of essentially fallacious economic dogma.

The report starts with a critique of 'corporate globalization'. The term itself is useful, because the term 'globalization' has become something of a 'Humpty-Dumpty' word ('when I use a word, it means exactly what I want it to mean, neither more nor less'). 'Corporate globalization' describes a process driven and promoted by the large global corporations which, whatever its other consequences, gives primacy to the benefits that will flow to global business.

The critique identifies eight key features of corporate globalization:

1. 'Promotion of hypergrowth and unrestricted exploitation of environmental resources to fuel that growth
2. Privatization and commodification of public services and of remaining aspects of the global and community commons
3. Global cultural and economic homogenization and the intense promotion of consumerism
4. Integration and conversion of national economies, including some that were largely self-reliant, to environmentally and socially harmful export oriented production
5. Corporate deregulation and unrestricted movement of capital across borders
6. Dramatically increased corporate concentration
7. Dismantling of public health, social, and environmental programs already in place
8. Replacement of traditional powers of democratic nation-states and local communities by global corporate bureaucracies.'

It demonstrates each of these propositions and explores who are the beneficiaries of application of these policies. One of the complexities of trying to follow the arguments of the pro- and anti- globalisers is that both use statistics, both from apparently authoritative sources, that directly contradict each other. It is almost as if the two sides inhabit parallel universes that operate in different ways. Suffice it to say that the report puts forward convincing arguments in support of its case.

The critique proceeds to a devastating analysis of the impact of the World Bank, The IMF and the WTO, the three pillars of corporate globalisation, over the last four or five decades.

The report then argues ten principles for sustainable societies, as a basis for identifying ways of realising these principles in the subsequent chapters of the report. It argues that these principles 'seem to be the mirror opposites of the principles that drive the institutions of the corporate global economy.'.

One of the minor problems in the debate is that, whereas 'globalization' rolls easily off the tongue, 'the principle of subsidiarity' is neither easy to say nor obvious in its meaning. The report contains a chapter on the case for subsidiarity, and it is a strong one. The counter argument is almost entirely concerned with power. While there are many elements of conflict between corporate globalisation and the principle of subsidiarity - local control - they are not entirely antithetical. But the reach of the large corporates would unquestionably be reduced.

You may or may not agree with the arguments in this report, but they deserve serious attention. They are well and carefully argued, they represent (in fairly sophisticated terms) the views of a growing number of people around the world who believe that current beliefs and institutions serve them poorly, and they show those who wish to promote change a path for doing so.