- Paperback: 272 pages
- Publisher: Palgrave Macmillan (2 Sep 2003)
- Language English
- ISBN-10: 1403917957
- ISBN-13: 978-1403917959
- Product Dimensions: 21.8 x 17.3 x 1.4 cm
- Average Customer Review: 4.0 out of 5 stars See all reviews (2 customer reviews)
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Amazon Bestsellers Rank:
197,976 in Books (See Top 100 in Books)
- #12 in Books > Science & Nature > Earth Sciences & Geography > Geography > Economic
- See Complete Table of Contents
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Product Description
Review
'The globalization of the world economy is a fact of life and here to stay. In this first of a series of Reports by the New Economics Foundation, edited by the renowned campaigner Ann Pettifor, the dramatic consequences of economic and financial liberalization for the world in general, and for poor countries in particular, are starkly portrayed. For anyone wanting to understand the anti-globalization movement, Real World Economic Outlook should be their first port of call.' - Tony Thirlwall, University of Kent, UK
'Many churchgoers read the gospel as it if it has no economics. Economics, they argue, is for specialists, not for them. But money, economics and inequality are at the heart of the scriptures. Africans, particularly those in the new South Africa, are often blinded, and intimidated by the science of economics, and in particular by the economics of globalization. This annual report on the global economy - the Real World Economic Outlook - lifts the veil of complexity behind which many economists hide, makes economics easy to understand and explains the mechanisms which have led to historically unprecedented inequalities between the many who are poor, and the few who are now incredibly rich. If we are to challenge this injustice, and the politicians and economists that perpetuate it, then it is vital that we educate ourselves, move beyond mere rhetoric, and begin to challenge the so-called science of economics. This book does just that, which is why it is essential reading for Africans - in particular those in the churches, in universities and in finance ministries.' - The Most Reverend Njongonkulu Winston Hugh Ndungane
'This first annual Real Global Economic Outlook could not be more timely, as the world economy lurches from crisis toward a general debt deflation reminiscent of the Great Depression of the 1930s. In the opening chapter, Ann Pettifor, moving spirit and principal editor of this excellent initiative, explains that 'globalization' is driven by an instituted process of deregulation of financial capital from national and international control. The ever mounting debts of governments and coporations, at high real rates of interest sustained by central banks and international financial institutions, drive international competition, mergers and acquisitions - and the systematic disestablishment of social support systems.
The contributors to this volume from North and South include eminent economists Jospeph Stiglitz, Dani Rodrik, Robert Wade and Herman Daly. The authors combine professional excellence with lucid styles of writing accessible to the general public. In the context of the gross imbalance of resources available to critics of economic globablization, the Real Global Economic Outlook is an essential and welcome corrective to the annual publications of the World Bank and IMF.' - Kari Polanyi-Levitt, Emeritus Professor of Economics, McGill University
'All in all, this report is as unfashionable as kipper ties and loon pants. On the grounds that there is a world of difference between a credit-driven cyclical upswing and a sustainable recovery, it calls for the taming of financial markets, the upsizing of the state and downsizing the single global market. This challenge to what Orwell called the 'smelly little orthodoxies' is long overdue.' - The Guardian
'Another feat of trademark brilliance and determination, the IFI's are no doubt once again shaking in their boots...' - Bono, U2
'Many churchgoers read the gospel as it if it has no economics. Economics, they argue, is for specialists, not for them. But money, economics and inequality are at the heart of the scriptures. Africans, particularly those in the new South Africa, are often blinded, and intimidated by the science of economics, and in particular by the economics of globalization. This annual report on the global economy - the Real World Economic Outlook - lifts the veil of complexity behind which many economists hide, makes economics easy to understand and explains the mechanisms which have led to historically unprecedented inequalities between the many who are poor, and the few who are now incredibly rich. If we are to challenge this injustice, and the politicians and economists that perpetuate it, then it is vital that we educate ourselves, move beyond mere rhetoric, and begin to challenge the so-called science of economics. This book does just that, which is why it is essential reading for Africans - in particular those in the churches, in universities and in finance ministries.' - The Most Reverend Njongonkulu Winston Hugh Ndungane
'This first annual Real Global Economic Outlook could not be more timely, as the world economy lurches from crisis toward a general debt deflation reminiscent of the Great Depression of the 1930s. In the opening chapter, Ann Pettifor, moving spirit and principal editor of this excellent initiative, explains that 'globalization' is driven by an instituted process of deregulation of financial capital from national and international control. The ever mounting debts of governments and coporations, at high real rates of interest sustained by central banks and international financial institutions, drive international competition, mergers and acquisitions - and the systematic disestablishment of social support systems.
The contributors to this volume from North and South include eminent economists Jospeph Stiglitz, Dani Rodrik, Robert Wade and Herman Daly. The authors combine professional excellence with lucid styles of writing accessible to the general public. In the context of the gross imbalance of resources available to critics of economic globablization, the Real Global Economic Outlook is an essential and welcome corrective to the annual publications of the World Bank and IMF.' - Kari Polanyi-Levitt, Emeritus Professor of Economics, McGill University
'All in all, this report is as unfashionable as kipper ties and loon pants. On the grounds that there is a world of difference between a credit-driven cyclical upswing and a sustainable recovery, it calls for the taming of financial markets, the upsizing of the state and downsizing the single global market. This challenge to what Orwell called the 'smelly little orthodoxies' is long overdue.' - The Guardian
'Another feat of trademark brilliance and determination, the IFI's are no doubt once again shaking in their boots...' - Bono, U2
Product Description
Building on the New Economic Foundation and Jubilee 2000's experience of making complex economic issues interesting and attractive to a mass audience, and publishing alternative reports, the Real World Economic Outlook provides an overview and reviews the global economy from a different and radical perspective. This first report looks at globalisation and debt deflation. It reviews the growth and new dominance of the finance sector since 1970 and outlines the negative impact of this sector over the corporate, productive, state, and environmental sectors. The implications of globalization and debt deflation in different regions or the world are also examined and compared. A comprehensive appendix provides a full set of supporting tables drawn upon in the text and presenting statistics on issues including personal, corporate, and sovereign debt and credit.
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First Sentence
In just over 30 years, our world has been turned upside down. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
In just over 30 years, our world has been turned upside down. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews
Most Helpful Customer Reviews
Format:Paperback
I am now only halfway through the book but am pleased with my purchase. It is very detailed and each part requires time to reflect and digest the contents. When that is combined with a busy life, you can see why I'm only halfway through after about three weeks. I have though, also briefly looked at Ann Petifor's other book "The Coming First World Debt Crisis" which seems to be an update of "Real World...."
I can understand and agree with the new phenomena of crowds of people protesting about corporate greed.The Coming First World Debt Crisis
I can understand and agree with the new phenomena of crowds of people protesting about corporate greed.The Coming First World Debt Crisis
Format:Hardcover
You have probably wondered like me with all the information that is available to the well educated leaders of the Banking sector how did we get into the Banking mess that prevails today. This book sets what has happened, and why. It is drafted in terms understandable to the layman. Where there economists as far back as 2000 who where getting extremely alarmed at the dismantling of the compartmentalisation of the Banking sector put in place post the Great Depression(1926)? There were and they are documented in this book all are eminent in their fields. Why did nobody listen to them?
This book draws you to concluded that post 1970 an unhealthy complicity grew between Politicians who believed in market liberalisation as a matter of faith (Regan, Thatcher, Gordon Brown) and Bankers who saw the structural changes in the market as an opportunity to earn super profits at near zero risk. The cycle of deregulation leading to super profit leading to higher Government taxation takes become so seductive that the players got trapped in their own logic.
I enjoyed this book but I have enjoyed others written by Ann Pettifor. If you are interested in the debt crisis and its cause this is a must read along with The coming First World Debt Crisis another book by Ann Pettifor. My only reservation is a bit too much time is registering the consequences for the Third World. I appreciate that it is important and even merits a book in its own right but I would rather that more time had been spent on how European Government and US Government policy has been to hold down food prices and wages whilst favouring through Taxation policy Intellectual Property which has resulted in the top 10% doubling their wealth between 1998 and 2008 and the majority of European citizens over the same period becoming 10% poorer.
Of Interest to those with a yearning for a better understanding of Social Economic policy and its consequences.
This book draws you to concluded that post 1970 an unhealthy complicity grew between Politicians who believed in market liberalisation as a matter of faith (Regan, Thatcher, Gordon Brown) and Bankers who saw the structural changes in the market as an opportunity to earn super profits at near zero risk. The cycle of deregulation leading to super profit leading to higher Government taxation takes become so seductive that the players got trapped in their own logic.
I enjoyed this book but I have enjoyed others written by Ann Pettifor. If you are interested in the debt crisis and its cause this is a must read along with The coming First World Debt Crisis another book by Ann Pettifor. My only reservation is a bit too much time is registering the consequences for the Third World. I appreciate that it is important and even merits a book in its own right but I would rather that more time had been spent on how European Government and US Government policy has been to hold down food prices and wages whilst favouring through Taxation policy Intellectual Property which has resulted in the top 10% doubling their wealth between 1998 and 2008 and the majority of European citizens over the same period becoming 10% poorer.
Of Interest to those with a yearning for a better understanding of Social Economic policy and its consequences.
Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
1 review
Another great read made avail. thru Ann Pettifor
28 May 2012
Format:Paperback
This book possibly should be read in conjunction with her other book, "The Coming First World Debt Crisis".
This present book is a collection from various authors, who go into more detail the economic outlook of various countries throughout the world.
I used both these books for a presentation at a pontifical university in Rome, Italy, along with some more historical background by Carroll Quigley.
Every important claim or fact is sourced, credited. There is also a "further reading" section at the end of each chapter.
No 'conspiracy theories', and these aren't economists who have been bought by bankers to tell us what bankers want us to hear -
This is economic record at it's finest!
This present book is a collection from various authors, who go into more detail the economic outlook of various countries throughout the world.
I used both these books for a presentation at a pontifical university in Rome, Italy, along with some more historical background by Carroll Quigley.
Every important claim or fact is sourced, credited. There is also a "further reading" section at the end of each chapter.
No 'conspiracy theories', and these aren't economists who have been bought by bankers to tell us what bankers want us to hear -
This is economic record at it's finest!
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