Why Globalization Works (Yale Nota Bene)

A powerful case for the global market economy

The debate on globalization has reached a level of intensity that inhibits comprehension and obscures the issues. In this book a highly distinguished international economist scrupulously explains how globalization works as a concept and how it operates in reality. Martin Wolf confronts the charges against globalization, delivers a devastating critique of each, and offers a realistic scenario for economic internationalism in the future.

Wolf begins by outlining the history of the global economy in the twentieth century and explaining the mechanics of world trade. He dissects the agenda of globalization’s critics, and rebuts the arguments that it undermines sovereignty, weakens democracy, intensifies inequality, privileges the multinational corporation, and devastates the environment. The author persuasively defends the principles of international economic integration, arguing that the biggest obstacle to global economic progress has been the failure not of the market but of politics and government, in rich countries as well as poor. He examines the threat that terrorism poses and maps the way to a global market economy that can work for everyone.

• Global Political Economy: Evolution and Dynamics
• The Globalization Paradox: Democracy and the Future of the World Economy
• Global Inequality: A New Approach for the Age of Globalization
• Development as Freedom
• Globalization: A Very Short Introduction (Very Short Introductions)
• International Political Economy (5th Edition)
• Globalization and Its Discontents Revisited: Anti-Globalization in the Era of Trump
• Lexus and the Olive Tree
• Has Globalization Gone Too Far? (Institute for International Economics)
• International Political Economy