Selling Globalization: The Myth of the Global Economy

by Michael Veseth

Applying chaos theory to international political economy, the author finds that exchange rates and international capital flows display elements of both crisis and chaos. He analyzes, illustrates, and discusses these processes and shows how these findings expose the notion of a stable global economy as a myth promoted by powerful economic, political, and intellectual interests. Case studies of Boeing, Microsoft, Nike, and the Frank Russell Company (the world's largest pension fund management company) are used to explore the economic interests. Finally, the political interests and the threat to interests in the economics profession are examined. Annotation c. by Book News, Inc., Portland, Or.

215 pages, Hardcover

First published August 1, 1998

Reviews

[Talvez... · Rating 3 out of 5]

It's not the academic book I expected, but its explanation is simple and profound in its consequences: that globalisation as it is often advertised, does not exist, and the processes that tend towards globalisation also work against it - globalisation is thus a self-limiting process. The myth, however, remains because it suits political purposes and because it fits perfectly within the frameworks of the economic profession.

Although it is not an academic book, it contains a good deal of useful references and interesting arguments. Anyone who wants a new perspective on globalisation for a paper or thesis shall profit from this book.