Fans pick 100 books like Deglobalization

Set within the greatest mass migration in American history, Steinbeck’s 1939 classic follows the Joad family as they join nearly three million others who escape the Dust Bowl of the American Midwest.

Usurious banks have foreclosed and crushed the bereft farmers. More than 200,000 refugees head for California, and the Joads join them in an ambling caravan of rattling jalopies. Young Rose of Sharon moves pregnant across the continent, emblematic of both the promise and the peril of the human condition. She’s surrounded by family and hangers-on who ford the wasted continent, only to face a glut of labor in the vast farms of California and the brutal exploitation of the owner classes. The Joads are slapped with the bitter understanding that the promise of California exists largely in myth. Yet always Steinbeck returns to the promises of human connection and even happiness that beckon from just over the next… show more.

I found Mike Davis’s book to be an essential exploration of the historical causes of global hunger. As an aid worker, I found his analysis of the politics of 19th-century hunger relief informative. Food crises often have strong political roots, and this book does an excellent job of putting those into perspective.

It is very well-researched and packed with facts and figures. This book is an essential, magisterial read in a world facing renewed conflict and climate change. 

In the late 1990s, a new type of economy was being born, one dominated by massive corporations, whose logos were increasingly ubiquitous, and who were driving a culture of consumerism among young people.

Klein traced this corporate dominance to a new form of capitalism in which corporations were becoming ever less interested in the stuff they actually made, be it trainers, takeaway coffee, or jeans. Rather, they were selling a brand, and replacing our very notion of ourselves as citizens living in a democracy with one of consumers shopping in a marketplace.

Klein’s book looks at how companies like Nike and Starbucks transformed society – and what people were doing to challenge their dominance.    

It’s impossible to understand the modern economy without grasping the importance of debt, and no one understands debt better than Ann Pettifor.

Pettifor spent more than a decade campaigning to cancel the unjust and unpayable debt of African, Asian, and Latin American countries – debt that was causing mass impoverishment and robbing people of their rights and livelihoods. Then she turned her attention to the damage that debt was doing in the West, predicting the financial crash of 2007-8.

For Pettifor, the problem started in the early 1970s, when the financial system was ‘freed’ by politicians from the constraints which had forced it to behave in a more reasonable way up to that point. Pettifor argues that we won’t be able to deal with our economic problems until we constrain our banks once more.          

I have long believed that development economists rely too heavily on reductive formal models that ignore on-the-ground realities and are backed by scant empirical evidence. This book makes a compelling case for observation—particularly in the form of randomized controlled trials that approximate scientific experiments “in the field.”

I admire its rigorous use of the scientific method to critique theoretical approaches that draw much of their legitimacy and influence from technical sophistication and abstraction.

Brooks represents a unique spin on the globalization thesis. He argues that the globalization of production, whereby multinational corporations disperse production around the world, has had a profound effect on security by promoting peace amongst developed economies.

Nonetheless, as we find in our book, he argues that the effect of the globalization of production is differential across types of states, as it is likely to promote conflict between developing states.

I enjoy myth-busting.

A favorite message from the economic profession is that free trade is good for everyone, and that those who do not agree are either misguided or defending vested interests of their own. In this book, Williamson shows that this view is false.

The welfare gap between the West and the rest of the world developed during the 19th and 20th centuries in large part because of trade-induced division of labor that led to de-industrialization, increased inequality, and volatile revenues in the losing countries—factors that all contributed to retarding economic growth and social development in countries that are now poor.

More recently, the free movement of capital has had similarly negative effects on developing and emerging economies, a fact that is now recognized also in organizations such as the IMF.

Yes, this is the same Graham Hancock who now writes contrarian archeological tomes. I conducted some of my PhD fieldwork in the same area of Somalia that he visited as a reporter, and I was there not long after he was in the 1980s.

This was the first book I came across that explained why almost every development project I’d encountered when traveling around Africa seemed to be such a waste, or worse. Next to no one at the time was reporting on the corruption generated by ‘development’ or the extent to which aid was an industry. Hancock nailed it.  

I strongly recommend this book because it is clearly written, explains the methods of estimation, and provides an excellent overview of the extensive worldwide research on the returns to education based on earnings.

It certainly influenced me. It had a massive impact on World Bank lending policies in support of economic development in developing countries. It replaced the kinds of Bank physical capital investment policies such as those supporting dam construction, projects that included educating only for a few people on how to operate dams, with education sector-wide loans that support primary and junior secondary education of the labor force.

Some of these dams later washed out, and forests were destroyed in support of development. The book shows how the returns to investment in primary and secondary education are higher in developing countries where the labor force is often nearly illiterate than they are to investing in other higher levels… show more.

When people talk about human rights and sovereign debt, it is usually when the government cannot pay its obligations and squeezes its citizens in the effort.

Who will speak up to protect those people? Thirty authors (including your correspondent) aim to do just that.

While one essay claims that creditor (property) rights trump human rights in international law, most of the authors discuss how to bring human rights into the legal landscape governing different types of foreign loans or investment, or how to protect the rights to food, health, education and more when the International Monetary Fund and creditors demand austerity.

Other essays propose international legal reforms (including arbitral, soft law, and “anti-vulture” litigation). Scholars, activists, or just the curious will want to consult this important and thoroughly accessible volume.