Rowman & Littlefield Publishers Globaloney 2.0: The Crash of 2008 and the Future of Globalization

Product Description Globalization is in retreat, but history tells us that this is but a temporary reversal. Globalization will return, but in what form? More cycles of boom and bust? Or can globalization be rebuilt on a more feasible and sustainable platform? These are the compelling questions that Michael Veseth tackles in this thoroughly revised and updated edition of his award-winning book. Veseth shows how pre-crash visions of globalization were based on three powerful myths: that global finance was a stable foundation for a global economy, that global markets homogenized and Americanized the world, and that globalization itself was irresistible-impossible to shape or oppose at any level from the grassroots on up. The world economic crisis has revealed globalization's Achilles heel: the fundamental instability of global financial markets and the unsettled foundation of economic globalization generally. This realization is a necessary first step, but it alone is not enough. We must rethink the rest of globalization's myths, Veseth persuasively argues, if we want to move beyond boom and bust to a sustainable global future. Review Praise for the first edition In Globaloney, Michael Veseth achieves a rare combination: he conveys important economic arguments in a vivid and highly entertaining style. For anyone trying to assess the goods and bads of headlong progress toward a global economy, and trying to sort bogus fears from genuine reasons for concern, this book is a great place to start....--James Fallows, national correspondent, The Atlantic Monthly, and author of Breaking the News and Looking at the Sun PRAISE FOR THE FIRST EDITIONIn Globaloney, Michael Veseth achieves a rare combination: he conveys important economic arguments in a vivid and highly entertaining style. For anyone trying to assess the goods and bads of headlong progress toward a global economy, and trying to sort bogus fears from genuine reasons for concern, this book is a great place to start.--Fallows, James PRAISE FOR THE FIRST EDITIONMichael Veseth's Globaloney is the perfect down-to-earth primer for undergraduates trying to understand the debate over globalization. By focusing on commodities within every student's reach baloney, Michael Jordan, and soccer balls Veseth transparently links abstract global processes to real life.--Herman Schwartz About the Author Michael Veseth is Robert G. Albertson Professor of International Political Economy at the University of Puget Sound.