What Is to Be Done? The Six Pillars of Deglobalization

[Walden Bello, lecture, 30 April 2014] Let me place my coming remarks in context, and the global context has among its key features the following: Long-term stagnation in the United States. Depression in Europe. Increasing gap in wealth in nearly all countries and globally: the richest 1% of the global population owns 40% of total assets, and the richest 10% accounts for 85%. Financialization has … Continue reading What Is to Be Done? The Six Pillars of Deglobalization

Economy for Life in our Earth community

[Versión en español] Brief Background: This living document is a result of an extensive process led by the Social Movements for an Alternative Asia (SMAA), Gerak Lawan, La Via Campesina and the supporters of the #EndWTO Campaign. A draft document was written and circulated online before the #EndWTO Week of Action parallel to the 9th Ministerial of the World Trade Organization in Bali, Indonesia last … Continue reading Economy for Life in our Earth community

Deglobalisation is the way to reduce inequality

[Pablo Solon, 8 March 2014] The race of globalisation is leaving the majority of the world’s population far behind. According to Unicef, the richest 20% of the population gets 83% of global income, while the poorest quintile has just 1%. This trend is getting worse. A new UNDP report called “Humanity Divided: estimates that 75% of the population lives in societies where income distribution is … Continue reading Deglobalisation is the way to reduce inequality

The Paradigm: Deglobalisation

[Focus on the Global South, 2003] It is in response to the growing clamor for alternatives to the current system of global governance that Focus has elaborated the strategy of deglobalisation as the guiding paradigm for its programmatic work in the next three-year period. Deglobalisation is not a synonym for withdrawing from the world economy.  It means a process of restructuring the world economic and political … Continue reading The Paradigm: Deglobalisation

“Deglobalization”? Sure, but…

[Patrick Bond, 2003] My favorite haunt, Zimbabwe, is the delight of aggressive bourgeois commentators, one of whom wrote a month ago about that country’s meltdown in the Economist (30 November 2002): “An interesting economic experiment is being conducted in Zimbabwe. To the foes of globalisation, President Robert Mugabe’s views are unexceptional. He argues that ‘runaway market forces’ are leading a ‘vicious, all-out assault on the … Continue reading “Deglobalization”? Sure, but…

The Virtues of Deglobalization

[Walden Bello] The current global downturn, the worst since the Great Depression 70 years ago, pounded the last nail into the coffin of globalization. Already beleaguered by evidence that showed global poverty and inequality increasing, even as most poor countries experienced little or no economic growth, globalization has been terminally discredited in the last two years. As the much-heralded process of financial and trade interdependence … Continue reading The Virtues of Deglobalization