Summary of Why Globalization Works

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Why Globalization Works book summary
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Rating

6 Overall

2 Applicability

8 Innovation

9 Style

Recommendation

In this purpose-driven book, author Martin Wolf stakes out his intellectual turf clearly and defends it. Wolf begins with the concept that the value of the individual and the importance of that individual’s right to pursue economic advancement are the foundation of the world’s great democracies. From there, he levels a devastating critique against the anti-globalists and the diverse interests that oppose the global integration of markets. He presents strong evidence that the power of international corporations has been exaggerated, and concludes that the issue isn’t too much globalization, but rather too little. This clear-eyed, well-researched defense of globalization should become a mainstay in any library of economic rationalism. getAbstract recommends it most highly.

In this summary, you will learn

  • What arguments opponents use against globalization;
  • Why those arguments are largely irrational; and
  • What the ten commandments of globalization are.
 

About the Author

Martin Wolf is associate editor and chief commentator on economics for Financial Times. Wolf was educated at Oxford University. He is a visiting professor at Oxford’s Nuffield College and a special professor at the University of Nottingham. He has won numerous journalism awards, and was senior economist at the World Bank in the 1970s.

 

Summary

The Dis-United States of America
Imagine a United States of un-united states. What if the country's economy were fragmented among 50 regional fiefdoms, each with barriers blocking the free flow of goods and services? Say that Microsoft could not open an Omaha office without oppressive ...

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