International cooperation on climate change has floundered. With mutual recrimination between rich and poor countries, the zero-sum arithmetic of a shrinking global carbon budget, and shifting economic and bargaining power from old CO2 emitters to newwhat Aaditya Mattoo and Arvind Subramanian call the narrative, adding up, and new world problemsthe wonder is not the current impasse but belief that progress might be possible at all.Each of these problems must be addressed in a radic...

India's journey has been distinctively precocious among its peers. It opted for democracy before development and social change, promoted high-skilled services before and over low-skilled manufacturing, and chose a globalization that favored the export of talented people and short-changed the poor. Its socialist state became an inefficiently capitalist one before providing the public goods of physical infrastructure and human capital. The outcomes have been surprising, with the country achi...

Substantial progress in the fight against extreme poverty was made in the last two decades. But the slowdown in global economic growth and significant increases in income inequality in many developed and developing countries raise serious concerns about the continuation of this trend into the 21st century. The time has come to seriously think about how improvements in official global governance, coupled with and reinforced by rising activism of 'global citizens' can lead to welfare-enhanci...

Since the early 1990s, many countries in sub-Saharan Africa have made significant progress in opening their economies to external competition through trade and currency liberalization. This paper analyzes trade and policy developments for 22 countries in eastern and southern Africa, looks at regional and multilateral integration issues, and reflects on the main challenges these countries face in the new decade. It addresses the main trade policy issues for these countries and suggests poss...

In the past fifty years, more than $1 trillion in development-related aid has been transferred from rich countries to Africa. Has this assistance improved the lives of Africans? No. In fact, across the continent, the recipients of this aid are not better off as a result of it, but worse—much worse.In Dead Aid, Dambisa Moyo describes the state of postwar development policy in Africa today and unflinchingly confronts one of the greatest myths of our time: that billions of do...

Renowned as a passionate Canadian, bestselling author Mel Hurtig has combed through world statistics to see how Canada really measures up — and the results are astonishing, and often shocking.This book is about how Canada has changed, very much for the worse, in the last twenty years. As a result of these profound (often hidden) changes, we are no longer the people we think we are. To take one example, the Canadian media usually leaves us with the impression that Canadians are real...

"A damning denunciation of things as they are, and a platform for how we can do better."--Andrew Leonard, SalonFour years after he outlined the challenges our increasingly interdependent world was facing in Globalization and Its Discontents, Joseph E. Stiglitz offered his agenda for reform. Now in paperback, Making Globalization Work offers inventive solutions to a host of problems, including the indebtedness of developing countries, international fiscal ...

Reflections on politics, the economy, and the modern world by the #1 New York Times–bestselling author of Capital in the Twenty-First Century.Thomas Piketty's work has proved that unfettered markets lead to increasing inequality, and that without meaningful regulation, capitalist economies will concentrate wealth in an ever smaller number of hands, threatening democracy. For years, his newspaper columns have pierced the surface of current events t...

Explaining—and solving—the oil curse in the developing worldCountries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. What explains this oil curse? And can it be fixed? In this groundbreaking analysis, Michael L. Ross looks at how developing nations are shaped by their mineral wealth—and how they can turn oil from a curse into a blessing.Ross traces the oil curse to the upheav...

A review of the headlines of the past decade seems to show that disasters are often part of capitalist systems: the high-tech bubble, the Enron fraud, the Madoff Ponzi scheme, the great housing bubble, massive lay-offs, and a widening income gap. Disenchantment with the market economy has reached the point that many even question capitalism itself. Allan H. Meltzer disagrees, passionately and persuasively. Drawing on deep expertise as a financial historian and authority on economic theory,...

Never before have we stood to gain or lose as much from understanding the international economy. Scandals plague the world's largest corporations, the American trade deficit has soared to historic heights, and international organizations from the World Bank to the WTO are accused of being inefficient and corrupt. Is our global economy as unhealthy, and as unjust, as we think? And what can be done about it?At this critical juncture, George Soros, a major proponent of globalization, ...

Globalization has shrunk the world in the name of free trade and broken down many of the boundaries between peoples. But it has also been a powerful driver of inequality, over-consumption and corporate control. This fully updated edition unpacks the complexities of globalization, examines the forces in whose interests it works, and provides the critical analysis for re-appraising the system.Wayne Ellwood is former co-editor of New Internationalist magazine...