Since the imposition of free market policies in the 1980s, globalization has come to represent an ideological battle between those who favor economic growth and deregulation through the growing power of multinational corporations, versus those who prefer a more sustainable and democratic approach to international development, socio-economic justice, and the securing of basic human rights and needs.
Not
only have economists failed to guide the world out of
the financial crisis, they were also primarily responsible for leading us into
it. Either economics has to
be abandoned as an academic discipline - or it must undergo
an intellectual revolution, writes Anatole Kaletsky.
Global policy makers and influential individuals cannot conceive of a more imaginative way out of the financial crisis than replicating the patterns of the past. When will they reach the simple and obvious conclusion that we must consume less? By Jayati Ghosh.
Many politicians and commentators suggest that 'protectionism' of domestic economies can only accelerate a worsening financial crisis. However, historical analysis shows that protectionism in times of economic crisis remains not only logical - but also sensible. By Serge Halimi.
Neither Keynesian thinking nor neoliberal policies can address the causes of the global financial crisis. Let's abandon the 'growth objective' and build a new humane economic system that simply provides people with what they need with our available resources. By Harry Shutt.
As critics proclaim the
death of neoliberalism amidst an international financial crisis, globalisation
theory is set to go into a tailspin. A short introduction to the academic globalisation
debate, by Adam W. Parsons.
Decreasing levels of international trade, wildcat
strikes in the UK over the use of foreign labour, and a ‘Buy American' campaign
in the US Senate all suggest that we may be entering a period of ‘economic
nationalism.' Does this process signal the start of ‘de-globalisation', and if
so, is this such a bad thing?
Our current way of measuring economic health based on growth and consumption fails to include most
valuable, meaningful human activities – the real stuff of our lives.
Isn't it time for deeper conversations about the kind of economy that we really want? By Tim Malnick.