globalization
n. the irrational fear that someone in China will take your job
Published on 17. November 2008
208 pages
978-0-470-42243-4 (ISBN)
Description
In Globalization, authors Bruce Greenwald and Judd Kahn cut through the myths surrounding globalization and look more closely at its real impact, presenting a more accurate picture of the present status of globalization and its future consequences. Page by page, they uncover the real facts about globalization and answer the most important questions it raises, including: Will globalization increase or diminish in economic importance? Do higher living standards depend more on global or local conditions- and What are the actual implications of globalization for financial markets?
Reviews / Votes
"The book's strength lies in its clear application of basiceconomic principles to reveal the hidden logic (and illogic) ofclaims about globalization's causes and effects."(Choice, April 2009) "In the process of dispelling . . .simplistic myths of economicglobalization, Greenwald and Kahn present an alternative historybased on facts . . . Refreshingly, their conclusions cut acrosstraditional ideological chasms. . . Greenwald and Kahn challengemuch of the conventional knowledge about globalization and offerinvestors a long-run look into macroeconomic developments. Theypresent intriguing insights based on facts rather than politicalideology. That's exactly what Foolish investors want to hear."(Motley Fool) "Columbia professor and economist Bruce Greenwald, abetted bycollaborator Judd Kahn, deftly punctures the prevailing wisdom onthe effects of international trade, arguing that most of the booksand reporting on the subject deal with this complex,multidimensional phenomenon simplistically, anecdotally andincorrectly... It's not globalization that's screwing thingsup. On the contrary. Overriding local political and economicinterests subvert the flow of commerce, which introducesdisparities 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 professorand a historian, respectively, argue that local decision-making,productivity-enhancing technological change, and the growing demandfor services will be the key forces shaping our futures -- notglobalization, meaning the global flow of goods and capital....this work is a crisp, provocative addition to the debate onglobalization. It's well worth a look, particularly as acounterbalance to prevailing globalization "wisdom." (Rick Carew,The Wall Street Journal)More details
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
the irrational fear that someone in China will take your job
Book
11/2008
Wiley
€28.90
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Persons
Bruce C. Greenwald, PhD, currently serves as the RobertHeilbrunn Professor of Finance and Asset Management at ColumbiaUniversity's Graduate School of Business.
Judd Kahn, PhD, is currently COO of Summit Street CapitalManagement, LLC. They also coauthored Value Investing: FromGraham to Buffett and Beyond and CompetitionDemystified.
Content
Acknowledgments.
Introduction: Just How Global Are We?
Chapter 1: It May Be News, But It Isn't New: A BriefHistory of Globalization.
Tradable Goods.
From Goods to Services.
Which Services Remain Rooted?
Why So Newsworthy?
Chapter 2: Countries Control Their Fates: How LittleGlobalization 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 Allthe Good Jobs Going Away?
Recent History as a Guide.
Recent Patterns of Employment and Unemployment in the UnitedStates.
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 toProfi ts.
Companies Under Globalization 3.0.
Why Some Companies Are Profi table.
Profi ts in Competitive Markets: Low Before Globalization, andLow After.
Profi ts 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: HomeField 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 ofGlobalization.
Global Capital Markets and Economic Development: More HeadlinesThan Production Lines.
Chapter 6: A Genuine Global Economic Problem: Replacing theConsumer of Last Resort.
The Link between Reserve Currencies and Global FinancialStability.
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.
