This is a short and trenchant history of the organizations – the World Bank, IMF, WTO, and Group of Seven – which have promoted economic globalization and which are now trying to manage the unmanageable. Walden Bello points to their manifest failings, seen in recurrent financial crises, the ever widening gulf between developing and industrialized countries, the persistence of gross inequalities and mass poverty. He examines new ideas for reforming world economic management, and argues that a much more fundamental and radical shift of direction is required.
“Walden Bello is the world’s leading no-nonsense revolutionary. With plainspoken history and compelling evidence, he ruthlessly exposes the opportunism, plunder, and backroom bullying that passes for global capitalism.”
— Naomi Klein, author of No Logo