The Greatest Story Oversold: Understanding Economic Globalization

by Stan G. Duncan

In seven chapters, Stan explains the "rules" and general practices of transnational corporations and global lending institutions such as the World Bank and the international Monetary Fund. He also addresses specific issues such as third-world debt, NAFTA and immigration. A very helpful chapter on coffee explains now the entire global system works and how it has entrapped the poor and led to injustice.

The book concludes on a more reflective note as the author turns to scripture and Christian teaching to show how this sytem of economic globalization that penetrates today's world fails to reflect God's will for justice for all.

197 pages, Paperback

First published September 15, 2010

Reviews

[Ted Magnuson · Rating 5 out of 5]

What has Globalization done for you lately? Sure, it's great getting cheap geegaws at Wallmart, but according to Stan Duncan, globalization has a tendency to undermine the development of the developing world and adds another layer of double speak to OECD politics. For instance, the North American Trade Agreement has opened up Mexican markets to subsidized American Corn, which undercuts the livelihood of Mexican farmers. Some of these facts may bear closer scrutiny, for instance, isn't ethanol also expanding the market for corn? NAFTA has also possibly opened up American markets to Latino vegetables, at least that's what they tell me at my local American supermarket. No mention in the book about how that might be a mitigating factor. Nevertheless, I'v heard this theme elsewhere, that 'developing' the developing world is often more for the benefit of the 'rich' nations at the expense of the poor. If ture, this srikes me as a recipe for disaster. Whatever happened to the 'compassionate conservative?'
Read all about it. Stan encourages taking action through such organizations as Bread for the World