Walden Bello. Zed Books. July Find this book:.

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Walden Bello. Zed Books. July Find this book:. Each chapter includes a preliminary comment which places it in context and then provides an analysis of the topics under examination. This relationship is the result of the dependence of the globalised economy on the long-distance transportation of goods.

The temporary collapse of the export-oriented global economy is said to have benefited the climate, because it has brought about a significant reduction in carbon emissions.

By way of example, the drop in gas emissions in was the most significant in the last forty years. A rational response to this drop is deglobalization, argues Bello. Environmentalists agree that a shift in the global economy is necessary; moving away from overproduction to a greater consideration of real needs, lower consumption, and more sustainable production processes.

As underlined by Bello, economists and policy-makers tend to prioritise export strategies to revive the world economy, disregarding the impact that this can have on the climate. In addition, multinational corporations seem to resist government measures to protect the environment. Yet the main problem is that many of the alternative forms of energy are anything but viable solutions.

In other words, the move away from fossil fuels will not be sustainable, considering current rates of economic growth. For this reason, the author points to the need for a reorganisation of production, consumption and distribution which would deal with the climate emergency and provide a response to the environmental crisis.

The author starts at the Singapore meetings : the setting for the annual meeting between the Boards of Governors at these two institutions, finance ministers and other delegates from around the world. The event was intended to discuss matters of business, as well as financial and economic issues at the international level.

Desperate to win credibility among civil society groups, the Bank and the Fund had given official accreditation to representatives of four civil society organisations to join the meeting. Many civil society representatives called on the two institutions to cancel the meeting in protest against this move, but it was a vain attempt. The author critiques multilateralism — seen as a one-sided system of global economic governance — as traditionally favouring the hegemony of developed countries among others the USA.

Arguably, the onset of the economic crisis has highlighted the need for alternative institutions to oversee global finance.

In addition, it should be up to local bodies to attend to economic and development issues, as promoting a system in which the northern countries continue to monopolise power and resources would be a case of putting old wine into new bottles. Those who are concerned with a just society and a more balanced distribution of global financial resources will find this volume both engaging and enlightening.

He has in interest in linguistic and translation issues, with special reference to comparative labour law and industrial relations. Search for:. Blog Admin September 25th, Climate Camp About the author Blog Admin. Posted In: Economics Environment Politics. Leave a Reply Cancel reply. Related Posts Higher Ed. Africa and the Middle East.

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Deglobalization : Ideas for a New World Economy

Download this text in PDF format. To answer that question, we must first be clear on our definition of globalization. Nayef R. In this regard, globalization is a process of increasing interdependence and integration toward a world society. The concept of deglobalization that we will use in this text departs from a very different definition of globalization.


The Left Better Arm Itself with a Strategy for Deglobalization: An interview with Walden Bello*

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The Virtues of Deglobalization

There is no schizophrenia in this: each provides a different platform from which to act. The power of Walden the person is that he is pugilistic and angry when necessary for example, when debating James Wolfensohn at the Prague Castle during a World Bank meeting , passionate and militant when needed most recently when speaking to the rally in front of rows of riot police outside the Hong Kong Convention Centre and pretty unassuming the rest of the time. The trajectory of his writing never wavers and his arguments accumulate over time — like a layers of lacquer — with striking consistency and polish. Having subsequently discovered that the American revolutionary Thomas Paine was also described in those terms, the classification seems apt. Walden has the energy and the commitment to say the same thing, over and over again, adding new arguments, garnering new evidence, developing the plot and deepening the characters, never with the obfuscation of the worst kind of academic writing, but with a lively intention to shake the elite and provoke us to action. Walden describes himself as anti-capitalist and anti-imperialist.

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