Deglobalization (Second Edition)

Ideas for a New World Economy–Updated Edition

By Walden Bello  

Paperback $19.95

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

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  • Foreword to the New Edition: The Crisis of the Globalist Project and the New Economics of George W. Bush
  • Introduction: The Multiple Crises of Global Capitalism
  • Marginalizing the South in the International System
  • Sidestepping Democracy at the Multilateral Agencies
  • Crisis of Legitimacy
  • The Vicissitudes of Reform, 1998-2002
  • Proposals for Reform of Global Governance: A Critical Analysis
  • The Alternative: Deglobalization
  • References
  • Annex: Guide to Further Information
  • Index


  • Walden Bello

    WALDEN BELLO is the founding Director of Focus on the Global South, a policy research institute based in Bangkok, Thailand. He is a renowned campaigner for international justice and development, and a 2003 winner of the Alternative Nobel Prize. His many books include A Siamese Tragedy (with Cunningham & Li Kheng Poh, Zed Books, 1999) and Global Finance (with Bullard & Malhotra, Zed Books 2000).

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