Some interesting points about the effects of globalization, though the edition I read suffers from being out of date, being published two years before the financial crisis. Having said that, the author correctly points out the failures of the financial system and in a sense predicts the crisis, so high marks there. Not quite such high marks when it comes to objectivity, however, as this No-Nonsense Guide takes a rather one-sided view of globalization -- a critical view. While I agree with the points the author makes regarding the need for better regulation of large multinational corporations etc, I felt that a book claiming to be a guide should take a more balanced view. My own feeling is that globalization is the inevitable result of a free and interconnected world, and as such it should be embraced and made to work for the benefit of as many people as possible.
Globalization is surely here to stay. The alternatives would involve some kind of trade barriers and other restrictions - nationalism, I suppose, which doesn't strike me as progress. While it is true that multinational corporations appear to be the main beneficiaries of globalization, it is also true that many citizens of nations such as China have benefited too. The answer must surely lie with greater co-operation between nations and with some kind of supranational authority that can prevent businesses from avoiding regulation and taxes. Yes, there is much wrong with the current free-market capitalist system, no doubt. But blaming the forces of globalization is surely missing the point -- it is the extreme form of unregulated capitalism that is at fault, not the inevitable and in many respects welcome process of globalization. So overall, this book raises some interesting points, but it doesn't really do what it says on the cover.
An easy informative read that covers the main aspects of globalisation for the most part since the end of the second world war. My only complaint is the aparent bias in the writing. The argument is not balance and it is clearly a gripe at globalisation. In one part it talks of the problems of structural adjustment programmes the west has imposed on the south only to then go on after a few pages of arguements in about two lines to say that political turmoil and coruption may also have been responsable. In addition to this the benifits of globalisation are not detailed fully - the way we and the author no doubt live our lives is the result of globalisation and the profiteering and re-investment and inovation as a result of the private sector - no doubt because it would detract from the authors criticism of past and current forms of globalisation.
Although an old book, and points mentioned feed into the cause of the current economic crisis it is well worth the read.
I was aware of some of the issues surrounding the globalization debate before reading this book, which clarified the key issues surrounding economic globalization in their historical and contemporary contexts. The book explains a number of current issues such as the Tobin tax. The coverage of various arguments and debates is not perhaps always even-handed, but its links to New Internationalist demand it argues convincingly for action which protects the poor and the environment.
I tried to read No Logo but the long pages of facts made that book difficult to finish. The No Nonsense guide to Globalization is however short, to the point and gives a good account of the issues. I'm planning to send a copy to all my friends - this shocking message needs to be understood by more people.