Globalization and the Third World : a study of negative consequences /

Globalization is an economic trend that appears unstoppable, but international economic expansion is not without problems. As this volume points out, all societies have material, social, and spiritual dimensions. This collection acknowledges the seeming inevitability of the global movement but highlights the need to consider more than merely the cheapest labor cost or lowest raw material costs. It underscores the rigidity of entrenched interests that frequently develop policy without taking into consideration the broader sociological impact those policy choices might have. Articles examine the impact of international trade from a variety of perspectives such as labor, raw materials, and investment flows. Most of the research is based on experiences in India, China, and Southeast Asia, though some generalizations to other parts of the world are reasonable. Articles range from technical econometric studies to more general reflections, and all assume some economic knowledge on the reader's part. Economic policy analysts will find this volume an excellent beginning point for considering the broader implications of policies they adopt. ^BSumming Up: Highly recommended. Upper-division undergraduate through professional collections. D. E. Mattson Anoka-Ramsey Community College