Globalization and its discontents /

This edited volume brings together contributions by Canadian and Australian academics focusing on the different meanings of globalization, its consequences, and discontents. Defining globalization primarily in economic terms, the authors present in parts 1 and 2 a rich variety of perspectives on the impact of globalization on the nation state, differing national responses to global forces, the role of national banks and financial markets, the negative impact of financial liberalization on developing countries, the weakening of labor unions, the cross-border movements of workers, and the growth of US political power as a result of globalization. The authors challenge the simplistic thesis that globalization is an unstoppable force sweeping away national sovereignties, and instead they point to the possibility of real political choices and alternative strategies. Part 3 includes a chapter on the 1997 crisis of globalization besetting Asia, and the final two chapters outline modalities to control the destabilizing effects of globalization. These are thoughtful suggestions deserving serious consideration by governments, scholars, and political activists. The editors and authors should be congratulated for this insightful study. Recommended for upper-division undergraduates, graduate students, faculty, and practitioners. R. H. Dekmejian; University of Southern California