I am a Chicago-based artist, author, veteran, and teacher. I studied at the American Academy of Art in Chicago before enlisting in the United States Air Force in 1968 during the bloody Tet Offensive during the Vietnam era. Upon my discharge I got my BFA in 1994. I got convicted for a crime I did not commit, and I became a homeless-existential artist on Chicago’s mean streets for six months. I got hired by an Acoustic company, and I married and worked for twenty-seven years while raising a family. I now work as an art teacher. All my nonfiction books chronicle different episodes in my life.
When I was a homeless artist, I stumbled across this brilliant book, and it validated my belief that contrary to what global capitalists believe, free markets outside the West do not spread wealth in the hands of an ‘outsider’ minority but instead generate ethnic envy and hatred among the frustrated, impoverished majorities.
Amy Chua states that billions of poor, exploited, and powerful people around the world (homeless and displaced) watch as the wealthy minority in the United States continues to amass more control, prestige, and tax breaks.
Ironically, Chua points out, although America is viewed “as arrogant, hegemonic and vapidly materialistic, most of the downtrodden would rather be in the U. S. than anywhere else. In 2023, close to 10 million illegal migrants have entered the U.S. via the porous Texas border.
The reigning consensus holds that the combination of free markets and democracy would transform the third world and sweep away the ethnic hatred and religious zealotry associated with underdevelopment. In this revelatory investigation of the true impact of globalization, Yale Law School professor Amy Chua explains why many developing countries are in fact consumed by ethnic violence after adopting free market democracy.
Chua shows how in non-Western countries around the globe, free markets have concentrated starkly disproportionate wealth in the hands of a resented ethnic minority. These “market-dominant minorities” – Chinese in Southeast Asia, Croatians in the former Yugoslavia, whites…
We teamed up about fifteen years ago around a common interest in the political economy of North Korea; Haggard is a political scientist, Noland an economist. Both of us had spent our careers focused on Asia but looking largely at the capitalist successes: Japan and the newly industrializing countries of Korea, Taiwan, and Southeast Asia. But what about the anomalous cases in the region that did not get on the growth train? The “Asian miracle” was hardly ubiquitous…what had gone wrong? North Korea was clearly the biggest puzzle, and we ended up researching and writing on the famine, refugees, and the complexities of international sanctions.
For those with some economics background and willing to do their homework, Kim’s book is the state of the art. He has sorted through all the shards of data out there—on prices, output, and trade--and pulled them together into a compelling mosaic. Of particular interest is his discussion of possible transition paths--were the regime to change course--as well as the possibility that the system might come crashing down altogether.
North Korea is one of the most closed and secretive societies in the world. Despite a high level of interest from the outside world, we have very little detailed information about how the country functions economically. In this valuable book for both the academic and policy-making circles, Byung-Yeon Kim offers the most comprehensive and systematic analysis of the present day North Korean economy in the context of economic systems and transition economics. It addresses what is really happening in the North Korean economy, why it has previously failed, and how the country can make the transition to a market economy.…
I have been trying to understand India’s evolution especially its economic path for the last half-century— by reading, traveling, and writing on aspects of that evolution. Originally this started with the Cold War concern about how a democracy would navigate using a democratic political system. So I took appropriate courses in college and graduate school, worked in India in the Peace Corps, and then spent a little under a decade teaching about it a doing research. For the following five decades I have continued my interest and publishing and studying. Whether I have understood much is for others to determine but these are my five book nominees.
A summary of the dramatic economic transformation of India since 1991 by one of its key economic policymakers. Though abstracting from some of the debate about details, this is a readable presentation especially from the point of view of policymakers. What all of this meant for the general public can be seen in the next volume. Both but especially this volume are one of competing accounts of how it happened. Success has many fathers.
In this commemorative volume, India's top business leaders and economic luminaries come together to provide a balanced picture of the consequences of the country's economic reforms, which were initiated in 1991. What were the reforms? What were they intended for? How have they affected the overall functioning of the economy?
With contributions from Mukesh Ambani, Narayana Murthy, Sunil Mittal, Kiran Mazumdar-Shaw, Shivshankar Menon, Montek Singh Ahluwalia, T.N. Ninan, Sanjaya Baru, Naushad Forbes, Omkar Goswami and R. Gopalakrishnan, India Transformed delves deep into the life of an economically liberalized India through the eyes of the people who helped transform it.
My interest in money (understanding it, not so much making it!) dates from undergraduate days at Harvard, 1977-1981, exactly the time when the dollar system was being put back together under Volcker after the international monetary disorder and domestic stagflation of the 1970s. The previous decade had very much disrupted the personal economics of my family, perhaps in much the same way that the Depression had disrupted Kindleberger’s, and set me off on a lifelong quest to understand why. Forty years and four books later, I feel like I have made some progress, and hope that my book can save readers forty years in their own question to understand money!
Browsing my shelves in preparation for this book list, this one in particular jogged my memory as an important influence on my own book, an influence so internalized that I completely forgot about and never cited it! I remedy that lapse here.
My copy of the book is heavily underlined with lots of stars in the margin, so I know it was important. You can see from the title that the author is concerned with the same tension between money and empire, he as a historian and me as an economist.
Now that I have finished my own book, I’ll be rereading this early influence to engage with its argument more deeply and directly.
Modern America owes the Roman Empire for more than gladiator movies and the architecture of the nation's Capitol. It can also thank the ancient republic for some helpful lessons in globalization. So argues economic historian Harold James in this masterful work of intellectual history. The book addresses what James terms "the Roman dilemma" - the paradoxical notion that while global society depends on a system of rules for building peace and prosperity, this system inevitably leads to domestic clashes, international rivalry, and even wars. As it did in ancient Rome, James argues, a rule-based world order eventually subverts and destroys…
My interest in global issues developed when I was a student. What was my conviction already then became more obvious every year since then. In order to solve our most urgent problems, we need to have a strong and legitimate global governance system. Global governance, therefore, became the core of my research. I am Michael Zürn, the Director of the Research Unit Global Governance at the Berlin Social Science Center (WZB) and a Professor of International Relations at Free University of Berlin. I have also been the co-spokesperson for the Cluster of Excellence "Contestations of the Liberal Script" (SCRIPTS) since 2019.
This book is a must-read for everyone who wants to attain a better understanding of global politics and how the current thinking about global governance has evolved.
Keohane and Nye teach us how to analyze interstate affairs through a theoretical lens that is reflective of both interstate competition and interdependence. States compete on their levels of welfare. At the same time, they can benefit from cooperation because the increasing number of cross-border transactions (e.g., flows of money, goods, or people) are often connected to reciprocal costs each state wants to reduce. Embedded in formalized sets of rules and norms, one could think of the GATS agreement supervised by the WTO; these interdependencies must be seen as a dominant structure in an increasingly globalized world.
Though written in the seventies, this book remains a seminal work in the field of international relations, and its relevance to the contemporary world still holds…
A landmark work of international relations theory, Power and Interdependence first published in 1977 and posited a radically comprehensive explanation of the mechanics driving world affairs-"power politics" on one hand and "complex interdependence" on the other hand.
This widely influential book reexamined the military and economic interests of state and non-state actors, and in an argument made before the end of the Cold War, the authors broadened the prevailing realist worldview of the time and anticipated many of the developments in our modern era of globalization. With a new preface by the authors and a foreword by Fareed Zakaria that…
Avinash Dixit is an emeritus university professor of economics at Princeton. He is a member of the National Academy of Sciences and was President of the American Economic Association for the year 2008.
A brilliant sweep through the millennia of commerce around the world. If you think globalization happened over the last quarter-century, you are wrong by about 5000 years. Find out how and why.
A sweeping narrative history of world trade—from Sumer in 3000 BC to the firestorm over globalization today—that brilliantly explores trade’s colorful and contentious past and provides fresh insights into social, political, cultural, and economic history, as well as a timely assessment of trade’s future.
Adam Smith wrote that man has an intrinsic “propensity to truck, barter, and exchange one thing for another.” But how did trade evolve to the point where we don’t think twice about biting into an apple from the other side of the world?
In A Splendid Exchange, William J. Bernstein tells the extraordinary story of global…
My expertise in Caribbean and Chinese affairs derives from having an interest in the two regions since college, which was then pursued through a MA in Asian Studies from the University of London’s School of Oriental and African Studies and Ph.D. in Political Science from the University of Connecticut. On the employment front, I worked for 3 regional banks (as an international economist), the Office of the Comptroller of the Currency, Credit Suisse, Donaldson, Lufkin & Jenrette, KWR International, and Aladdin Capital Management (as head of Credit and Economics Research) and Mitsubishi Corporation. Since I left Mitsubishi I returned to my two favorite interests, Asia and the Caribbean.
Hillman, a senior fellow at the Center for Strategic and International Studies and director of the Reconnecting Asia Project, wrote a very topical book on China’s Bridge and Road Initiative (BRI), calling it “the project of the century.” Indeed, the BRI encompasses a projected $1 trillion in spending on new roads, railways, telecommunications, and other critical infrastructure, aiming to bind together the Eurasian landmass and Africa (key for natural resources) into a trade and investment zone dominated by Beijing. What I found the most noteworthy was the following: “Xi’s vision is constrained by neither geography nor even gravity. Since its announcement, the BRI has stretched into the Arctic, cyberspace, and outer space.”
Hillman readily acknowledges China making mistakes (over-lending to credit-challenged countries in particular) and that going forward Beijing will need greater skill, lower expectations, and a heavy dose of modesty to make it work. For anyone interested in major…
A prominent authority on China's Belt and Road Initiative reveals the global risks lurking within Beijing's project of the century
"A reality check on Beijing's global infrastructure project."-Peter Neville-Hadley, South China Morning Post
"For all the hype and hand-wringing over how the [Belt and Road] could usher in the Chinese century, Hillman's engaging mix of high-level analysis and fieldwork in more than a dozen countries paints a much more nuanced picture."-Keith Johnson, Foreign Policy
China's Belt and Road Initiative is the world's most ambitious and misunderstood geoeconomic vision. To carry out President Xi Jinping's flagship foreign-policy effort, China promises to…
I worked in Indonesia much of the time between 1979 and 2009, with people living in forests. As an anthropologist, my work was initially ethnographic in nature, later linking such insights to policies relating to forests and people – as I worked at the Center for International Forestry Research in Bogor (1995 – the present). Although later in my career, I worked in forests all over the tropics, my real love remains with Indonesia, where I worked the longest and learned the most. My most recent research was in 2019, when I returned to the first community I studied ethnographically in 1979-80.
I love Tsing’s Friction, because of its focus on how policies play out in the real world. She is able, through her in-depth understanding of life in rural Central Kalimantan, to show us how Indonesian national policies are adapted, implemented, and perverted in the field. She talks about policy implementation as seeing ‘how the rubber hits the road,' and at the same time she provides the reader with a growing understanding of the lifeways of the people of that province.
A wheel turns because of its encounter with the surface of the road; spinning in the air it goes nowhere. Rubbing two sticks together produces heat and light; one stick alone is just a stick. In both cases, it is friction that produces movement, action, effect. Challenging the widespread view that globalization invariably signifies a "clash" of cultures, anthropologist Anna Tsing here develops friction in its place as a metaphor for the diverse and conflicting social interactions that make up our contemporary world. She focuses on one particular "zone of awkward engagement"--the rainforests of Indonesia--where in the 1980s and the…
As a boomer and working-class kid, I experienced living conditions improving rapidly. This sparked my interest in studying international and development economics to explore how we can create a better and more equitable world. As professor of international economics, I have been researching and teaching for many years about what is now known as “globalization”. This taught me two things that inspired me to write my latest book: First, to understand the process and consequences of (de-)globalization, in-depth study is essential to avoid popular misconceptions about the global economy; and, second, globalization needs to be carefully managed to make it work for all people.
This is one of the most influential books on economic globalization written in the last decade, and it will certainly continue to be crucial to understand the future of globalization.
Rodrik’s Globalization Paradox pinpoints the key policy trade-offs in a globalized economy: If policymakers opt for “hyper-globalization” while insisting on national decision-making, they could find their societies in the “golden straitjacket” of global capitalism.
Alternatively, they could give up sovereignty to democratically legitimized “global governance”.
As the latter is difficult to achieve and often unacceptable to national policymakers, Rodrik argues for limiting hyper-globalization.
The existence of a globalization paradox as well as Rodrik’s conclusion, has been hotly discussed, but the ongoing debate only proves the importance of his book.
In this eloquent challenge to the reigning wisdom on globalization, Dani Rodrik reminds us of the importance of the nation-state, arguing forcefully that when the social arrangements of democracies inevitably clash with the international demands of globalization, national priorities should take precedence. Combining history with insight, humor with good-natured critique, Rodrik's case for a customizable globalization supported by a light frame of international rules shows the way to a balanced prosperity as we confront today's global challenges in trade, finance, and labor markets.
I am a professor of history at Western University in London, Ontario, Canada. I have written about the history of international organizations, international trade, the British Commonwealth, and Canada in the world. Although these topics have taken me in different directions, I have always examined the political currents that run through them. Politics emerge in relation to ideology, policymaking, leadership, norms, values, interests, identity, international relations, and global governance. I have been especially interested in connecting economics and politics. Many scholars write about trade policies, organizations, and negotiations as though they are technical and narrowly economic when they are agents, instruments, and expressions of international politics.
If you can get past the title, this book is a model for how to write about international economic diplomacy.
Gardner connects technical matters like tariffs, exchange rates, quantitative restrictions, and loans to ideology, the status of nations, and relations between states. Set in the 1940s, it follows American and British efforts to set up the IMF, World Bank, and GATT.
Although officials believed that the highest political stakes were connected to trade – the peace and security of the world were at issue – they fought constantly about trade.
