“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…

Turning their backs on the world

[The Economist print edition, February 2009] The integration of the world economy is in retreat on almost every front. The economic meltdown has popularised a new term: deglobalisation. Some critics of capitalism seem happy about it—like Walden Bello, a Philippine economist, who can perhaps claim to have coined the word with his book, “Deglobalisation, Ideas for a New World Economy”. Britain’s prime minister, Gordon Brown, is among … Continue reading Turning their backs on the world

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