George Soros On Globalization

Description

Over the past decade, "globalization" has become a buzzword for everything that is happening in the world economy or even in international relations generally. But as even a cursory glance at recent headlines reveals, not everyone is happy with globalization. Violent protests are now a regular feature of international summit meetings, and many young people have expressed their strong opposition to policies that they see as enriching the rich at the expense of workers, the environment, and traditional culture. As the world economy has transformed in the 1990s and early 2000s, no individual has grappled with the social and political implications of globalization more than George Soros. George Soros on Globalization seeks to assess not merely how well the world's financial institutions have fulfilled their larger mission of helping the entire world strive for prosperity, but also to point the way toward fixing the problems that have emerged in the globalization regime as a whole. Unlike other proponents of globalization, Soros does not dismiss the criticisms of the protesters; indeed, he welcomes them and acknowledges that in many ways the protesters have a clearer view of the issues at stake than the bankers and bureaucrats do. We ignore the protesters' message, Soros warns, at our peril. Contents Preface Acknowledgments i n t r o d u c t i o n The Deficiencies of Global Capitalism ch a p t e r 1 International Trade: The World Trade Organization ch a p t e r 2 International Aid: The Missing Component ch a p t e r 3 Structural Reform: The Multilateral Development Banks ch a p t e r 4 Financial Stability: The International Monetary Fund c o n c l u s i o n Toward a Global Open Society Appendix Index