Overview

In 2002, years before the financial crash and the onslaught of austerity measures the world over, Walden Bello argued that we were entering a historical maelstrom marked by prolonged economic crisis, the re-emergence of imperialist contradictions and the spread of global resistance. In short, the neoliberal, globalist project was in crisis. A decade later, the question of how to manage the global economy - and, more fundamentally, whether humanity wishes it to go in an ever more market-oriented, transnational corporation-dominated, and capital-footloose direction - remains the most important international question of our time. In this short and trenchant history of the World Bank, IMF, WTO and the G8, Bello points to their manifest failings and examines new ideas put forward for reforming the management of the world economy. Arguing for a fundamental shift towards a decentralized, pluralistic system of global economic governance which would allow countries to follow development strategies sensitive to their own values, constraints and opportunities, Deglobalization is a powerful dissection of contemporary capitalism's multiple crises and a scathing indictment of the West's subordination of the Global South in the interests of multinational corporations and banks. A stirring call to arms for all those who still believe in global economic justice.

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9781783601684

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Reviews

'Walden Bello's work has been consistently outstanding, highly informative and full of insight.' - Noam Chomsky '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. But this is more than a critique: Bellos expert diagnosis is that the patient is sicker than we think, and the time to act is now.' - Naomi Klein, author, No Logo 'Bello's analyses and suggestions for action are refreshingly clear and direct, and he gives a valuable account of the re-subordination of the South over the last quarter-century. 'Deglobalization' is to be recommended above all for the invigorating energy with which it sets out an oppositional agenda.' - New Left Review 'This short concise volume is a guidebook no activist should travel without.' - Briarpatch Magazine, May 2003 'Clear analysis and impressive scholarship have made Bello one of Asia's key progressive thinkers. Insistence on people-centered development grounded in ecological sustainability sets him apart from the elite consensus on Asia' - New Internationalist 'The most respected anti-globalization thinker in Asia' - Le Soir (Belgium) 'Among the expanding constellation of activists, academicians, and thinkers who believe that mainstream economics... does not have an answer to people's needs, Walden Bello is a prominent star' - Bangkok Post 'Whatever subject he tackles, Walden Bello is always thoughtful, trenchant and constructive. He's also an authentic hero of the global justice movement.' - Susan George 'Deglobalization is a superb dissection of contemporary capitalism's multiple crises, a powerful indictment of the US's brutal re-subordination of the global South in the interest of its MNCs and banks, an unanswerable demonstration of the unreformability of the IMF and its sister institutions, and a stirring call to arms for the movement for economic justice by one of its major theorists and organizers.' - Robert Brenner

Author Information

Walden Bello is a member of the House of Representatives of the Republic of the Philippines. He is currently also an adjunct professor at the State University of New York at Binghamton and at St Mary's University in Halifax, Canada; he has also been professor of sociology at the University of the Philippines. He was founding director of the Bangkok-based Focus on the Global South and the Institute for Food and Development Policy (Food First) in Oakland, California. He is the author or co-author of seventeen books, including 'Dilemmas of Domination: the Unraveling of the American Empire' and 'Capitalism's Last Stand'. He obtained his Ph.D. in sociology from Princeton University.

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