The Impact of Globalization on the Worlds Poor or Babylon and beyond

The Impact of Globalization on the World's Poor: Transmission Mechanisms

Author: Machiko Nissank

While the economic opportunities offered by globalization can be large, a question is often raised as to whether the actual distribution of gains is fair, in particular, whether the poor benefit less than proportionately from globalization and could under some circumstances be hurt by it. This book examines the various channels and transmission mechanisms, such as greater openness to trade and foreign investment, economic growth, effects on income distribution, technology transfer and labour migration through which the process of globalization affects different dimensions of poverty in the developing world.

Book review: Daughters of Britannia or The Conscience of a Liberal

Babylon and Beyond: The Economics of Anti-Capitalist, Anti-Globalist and Radical Green Movements

Author: Derek Wall

Babylon and Beyond provides the first clear and accessible guide to the economics of anti-capitalism. Anti-capitalism is a diverse movement: critics accuse it of knowing what it is against, but not knowing what it is for. Anti-capitalists want radical change, but what shape should that change take?

The truth is that different sections of the movement advocate distinct---sometimes complementary, sometimes contradictory---programmes for change. This book concentrates on perhaps the most divisive issue of all in the anti-capitalist struggle: how to transform the economy.

There are greens who think we must hold back economic growth and Marxists who believe the economy must move forward along capitalist lines before there can be revolutionary change; there are those who remain faithful to notions of collective or state ownership of all aspects of the economy, and those who think various kinds of reform or regulation of capitalist practice is more appropriate.

Babylon and Beyond is a modern guidebook to the complicated terrain of alternatives to global capitalism. Derek Wall explains and summarises the rich variety of theories available within the anti-capitalist movement. Chapters cover Marxism, Autonomism, Anarchism, Ecosocialism, Capitalist reformers (like George Soros and Joseph Stiglitz), Green localists (like Colin Hines), and others. Unique in its coverage, clear and accessible, the book is ideal for activists, and anyone who is trying to find a useful way forward.

This book is published in association with the Green Economics Institute.