1st Edition

Globalization and the Myths of Free Trade History, Theory and Empirical Evidence

By Anwar Shaikh Copyright 2007
    272 Pages 38 B/W Illustrations
    by Routledge

    336 Pages 38 B/W Illustrations
    by Routledge

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    The world has become a human laboratory for the momentous social experiment called neoliberalism. Its proclaimed purpose is to reduce global poverty, its protocols are derived from the orthodox theory of competitive free markets and its policies are enforced by the full weight of the rich countries and global institutions such as the World Trade Organization (WTO), the World Bank and the International Monetary Fund (IMF). This book is a critical examination of this ongoing enterprise, of its history, theory, practice, and most of all, of its outcomes.

    An international team of contributors has been assembled including Lance Taylor, Ha-Joon Chang and Ajit Singh.

    1. Introduction Anwar Shaikh  Part I: Globalization and Free Trade  2. Kicking Away the Ladder: The Real History of Free Trade Ha-Joon Chang  3. Globalization and the Theory of Free Trade Anwar Shaikh  4. Globalization and Free Trade: Theory, History and Reality Deepak Nayyar  Part II: Globalization and Economic Development  5. External Liberalization in Asia, Post Socialist Europe and Brazil Lance Taylor  6. Exports and Foreign Investment in Latin America John Weeks  7. Exchange Rates, Labour Markets and Manufacturing Exports from a Global Perspective Massoud Karshenas  Part III: Globalization, Gender and Inequality  8. The Effects of Globalization on Gender Inequality in Latin America and the Caribbean Stephanie Seguino  9. The Measurement and Nature of Absolute Poverty in Developing Countries Massoud Karshenas  Part IV: Globalization, Capital Mobility and Competition  10. Capital Account Liberalization: Free Long Term Capital Flows, Financial Crises and Economic Development Ajit Singh  11. International Competition and Profitability in OECD Countries Andrew Glyn


    Anwar Shaikh is Professor of Economics at the Graduate Faculty of Political and Social Science of the New School University, USA.