This collection of contemporary essays addresses the imposing changes occurring in the global economy and presents thoughtful policy options for managing them. The debate among these experts vividly illustrates the dimensions and consequences of the new global economy for the U.S. population and suggests appropriate policies for mitigating its impact. Contrasting perspectives on the origin and trends of the current international economic order are offered. Each contributor presents a complex position in nontechnical terms and with helpful examples. The result is a work accessible to readers from a variety of professions.
Preface -- Introduction: A Historical Overview of the Global Economy -- Charting the Dimensions -- Origins of the Global Economy -- Current Trends in Global Production -- A Case Study of the Steel Industry -- Implications for the U.S. Economy -- Facing the Dilemmas -- The Impact on Labor -- The Social Costs for Women and Blacks -- Proposals for Revitalization -- Conclusion: A Sociological Assessment of Divergent Perspectives -- Epilogue: Seeking an Alternative to the Global Economy