Overview

As the Seattle protests over the formation of the WTO showed all too clearly, there is a strong need for in-depth understanding of how the globalization of the world economy is affecting the economic, political, and social development of the individual nation-states. This book provides a detailed and authoritative examination of the on-going issues related to globalization, such as the increasingly unfair distribution of the world's resources, and how this phenomenon is involving wildly disparate countries. While the main focus of the book is the United States, with its flexible markers, wide social differences, and its breath-taking level of economic expansion, extensive attention is also given to the other major players, including the European Union and those central and eastern European nations who very much want to become member countries, as well as China, India, Japan, Russia, and Southeast Asia.

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Adam Zwass (1913-2001) for many years held senior positions in the central banking systems of Poland and the USSR. From 1963 to 1968 he was Councillor in the Secretariat of the Council of Mutual Economic Assistance (CMEA) in Moscow, where he was responsible for financial settlements and the work of the International Bank for Economic Cooperation. After his emigration to Vienna, Austria, Dr. Zwass was affiliated for over twenty years with Austrian and German research institutes and served as an adviser to the Austrian National Bank and major private banks. He published his analyses of socioeconomic developments in the globalizing world in several European journals and newspapers. Dr. Zwass was the author of ten previous books, translated into several languages, and of hundreds of articles published in Europe and the United States. His most recent books in English are Incomplete Revolutions: The Successes and Failures of Capitalist Transition Strategies in Post-Communist Economies (1999), From Failed Communism to Underdeveloped Capitalism (1995), and Council for Mutual Economic Assistance (1989).

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