globalization: n. the irrational fear that someone in China will take your job - Hardcover

Greenwald, Bruce C. N.; Kahn, Judd

Hardcover

ISBN 10: 047016963X ISBN 13: 9780470169636

Publisher: John Wiley & Sons, 2008

Synopsis

In Globalization, authors Bruce Greenwald and Judd Kahn cut through the myths surrounding globalization and look more closely at its real impact, presenting a more accurate picture of the present status of globalization and its future consequences. Page by page, they uncover the real facts about globalization and answer the most important questions it raises, including: Will globalization increase or diminish in economic importance? Do higher living standards depend more on global or local conditions  and What are the actual implications of globalization for financial markets?

About this title

About the Author

Bruce C. Greenwald, PhD, is one of the nation′s leading economists. He currently serves as the Robert Heilbrunn Professor of Finance and Asset Management at Columbia University′s Graduate School of Business. Greenwald consults worldwide on a variety of issues concerning capital markets, business strategy, corporate finance, and labor performance. He is also the author, coauthor, and editor of several books, including Value Investing: From Graham to Buffett and Beyond (Wiley) and Competition Demystified.

Judd Kahn, PhD, is currently COO of Hummingbird Management LLC. Prior to joining Hummingbird, he was an historian, the CFO of a privately owned manufacturing company, and a consultant to government and not–for–profit agencies. Kahn cowrote Value Investing: From Graham to Buffett and Beyond and Competition Demystified with Bruce Greenwald.

From the Back Cover

PRAISE FOR globalization

"A creative and original work from one of this country′s greatest minds. Greenwald cuts through the clichés and conventional wisdom to give readers a true understanding of the forces that are shaping the world. He dispels myths and provides an insightful guide for governments and businesses that need to know how to cope with globalization."  JOSEPH E. STIGLITZ, Nobel Laureate in Economics, 2001

"Absolutely the smartest book on globalization yet. No ideological ax–grinding, fact–freeassertion, or mindless extrapolation. Just brilliant insights, compelling predictions, plain speaking, and an unrivalled command of data and business behavior. Globalization confirms Bruce Greenwald′s iconic status as a corporate strategy guru who understands how the global economy really works and can explain it to the rest of us."  SYLVIA NASAR, author of A Beautiful Mind

"Guess what? The world isn′t flat, the sky isn′t falling, and we can′t blame our economic woes on globalization. In Globalization, Bruce Greenwald and Judd Kahn explode the myths that have polarized the globalization debate and address the provocative questions that urgently need to be confronted."  JAMES B. STEWART, author of Den of Thieves, and Bloomberg Professor of Business and Financial Journalism, Columbia University

"This book is not only a provocative contemplation of the global economy and its future. It is a vehicle for rich insights and original observations on the world economy from the dawn of the modern age to the tumultuous present most of them, astonishingly, unpublished until now and all delivered in one punchy style."  EDMUND PHELPS, Director, Center on Capitalism and Society, Columbia University, and winner of the 2006 Nobel Prize in Economic Science

From the Inside Flap

To its critics, globalization is a terrible development that makes almost everybody worse off and threatens the survival of the planet. They blame it for everything from mass poverty in Africa and Latin America to the falling living standards for workers in Europe and North America. In contrast, globalization′s advocates argue that it is the greatest force for good in human history, a powerful institution for improving the quality of life around the world. The underlying problem with both of these positions, says Bruce Greenwald and Judd Kahn, is that they are based on certain accepted truths that are either highly questionable or largely false. In Globalization, they cut through the myths surrounding globalization and look more closely at its real impact, presenting a more accurate picture of the present status of globalization and its future consequences.

The authors show that globalization is not a recent development but has a long and cyclical history. They explain how, by concentrating so intently on globalization, we ignore the role of other important trends and simply attribute every change to globalization. Perhaps most importantly, they reveal how the globalization debate largely ignores information that is essential to understanding what is really going on. While many commentators rely on anecdotes or studies that are fundamentally flawed, Greenwald and Kahn uncover the real facts about globalization and answer the most important questions it raises: Will globalization increase or diminish in economic importance? Do higher living standards depend more on global or local conditions? To what extent are workers in rich countries likely to be affected by globalization? How will business be influenced? What are the actual implications of globalization for financial markets?

Looking to the future, Greenwald and Kahn identify trends that point strongly to an economy in which services play a larger role and in which local decisions are critical. They suggest that international monetary reform is one area where global cooperation will be required.

There has clearly been a glaring need for a straightforward, inclusive, and digestible presentation of the wide range of systematic data that addresses the question of the likely future of globalization. This timely book meets this need.

Edition details

• Publisher: John Wiley & Sons
• Publication date: 2008
• Language: English
• ISBN 10: 047016963X
• ISBN 13: 9780470169636
• Binding: Hardcover
• Number of pages: 186