globalization
the irrational fear that someone in China will take your job
Published on 25. November 2008
Book
Hardback
186 pages
978-0-470-16963-6 (ISBN)
Description
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on the world economy from the dawn of the modern age to the tumultuous present--most of them, astonishingly, unpublished until now and all delivered in one punchy style."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
Reviews / Votes
"The book's strength lies in its clear application of basic economic principles to reveal the hidden logic (and illogic) of claims about globalization's causes and effects." (Choice, April 2009) "In the process of dispelling.simplistic myths of economic globalization, Greenwald and Kahn present an alternative history based on facts. Refreshingly, their conclusions cut across traditional ideological chasms. Greenwald and Kahn challenge much of the conventional knowledge about globalization and offer investors a long-run look into macroeconomic developments. They present intriguing insights based on facts rather than political ideology. That's exactly what Foolish investors want to hear." (Motley Fool) "Columbia professor and economist Bruce Greenwald, abetted by collaborator Judd Kahn, deftly punctures the prevailing wisdom on the effects of international trade, arguing that most of the books and reporting on the subject deal with this complex, multidimensional phenomenon simplistically, anecdotally and incorrectly. It's not globalization that's screwing things up. On the contrary. Overriding local political and economic interests subvert the flow of commerce, which introduces disparities and deficits that result in trade imbalances, inflation, deflation and unemployment."-Richard Pachter, "Globalization myths debunked," ( The Miami Herald) "The list of globalization errors (both pro and con) is long, and makes fertile territory for Bruce Greenwald and Judd Kahn in "Globalization." The authors, a Columbia Business School professor and a historian, respectively, argue that local decision-making, productivity-enhancing technological change, and the growing demand for services will be the key forces shaping our futures -- not globalization, meaning the global flow of goods and capital.this work is a crisp, provocative addition to the debate on globalization. It's well worth a look, particularly as a counterbalance to prevailing globalization "wisdom." (Rick Carew, The Wall Street Journal)More details
Edition
1. Auflage
Language
English
Place of publication
Chichester
United Kingdom
Publishing group
John Wiley and Sons Ltd
Target group
Professional and scholarly
Dimensions
Height: 22 cm
Width: 14.4 cm
Thickness: 2.3 cm
Weight
329 gr
ISBN-13
978-0-470-16963-6 (9780470169636)
Schweitzer Classification
Other editions
Additional editions
Bruce C. N. Greenwald | Judd Kahn
globalization
n. the irrational fear that someone in China will take your job
Book
10/2010
1st Edition
Wiley
€16.50
Shipment within 10-20 days
Bruce C. N. Greenwald | Judd Kahn
globalization
n. the irrational fear that someone in China will take your job
E-Book
12/2008
Wiley
from
€10.99
Available for download
Bruce C. N. Greenwald | Judd Kahn
globalization
n. the irrational fear that someone in China will take your job
E-Book
11/2008
Wiley
€10.99
Available for download
Persons
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.
Content
Acknowledgments.
Introduction: Just How Global Are We?
Chapter 1: It May Be News, But It Isn't New: A Brief History of Globalization.
Tradable Goods.
From Goods to Services.
Which Services Remain Rooted?
Why So Newsworthy?
Chapter 2: Countries Control Their Fates: How Little Globalization Explains.
Who Calls the Shots?
An Inadvertent Experiment.
The Uneven Course of Manufacturing.
The Recipe for Productivity Growth.
Importance of Incremental Improvements.
Tell Me Again: Why Is China Rising?
Episodic Improvements and Retreats.
Widely Shared Diversions.
What About Free Trade?
Keep It Local.
Chapter 3: Employment Trends for Globalization 3.0: Are All the Good Jobs Going Away?
Recent History as a Guide.
Recent Patterns of Employment and Unemployment in the United States.
The Changing Nature of Work.
The Meaning Is in the Details.
That Giant Sucking Sound Is Coming From.
But Will the Future Be Different?
What About Wages?
Chapter 4: Can We Make Any Money?: What Globalization Does to Profits.
Companies Under Globalization 3.0.
Why Some Companies Are Profitable.
Profits in Competitive Markets: Low Before Globalization, and Low After.
Profits in Protected Markets: Do They Survive?
How to Keep Competitors Out.
The Special Role of Economies of Scale Advantages.
Competitive Advantages in a Global World.
The Future of Profitability.
Chapter 5: International Finance in a Global World: Home Field Advantage.
Flow of Funds.
Foreign Direct Investment: Not Where the Action Is.
Financial Markets and Portfolio Investment: Not Here, Either.
Institutions as Investors: These Do Matter.
Safer at Home: Financial Markets and the Limits of Globalization.
Global Capital Markets and Economic Development: More Headlines Than Production Lines.
Chapter 6: A Genuine Global Economic Problem: Replacing the Consumer of Last Resort.
The Link between Reserve Currencies and Global Financial Stability.
Chronic Surplus Countries and Monetary Mercantilism.
The Global Financial System and Global Economic Stability.
The Situation of the United States.
A Modest Proposal for a New Reserve Currency.
Conclusion: Beyond Economics.
Globalization and Everything Else.
One Last Question.
Notes.
About the Authors.
Index.