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Essay / Summary of Global Plunder - 1521
Written and published in 1994, “Global Village or Global Plunder: Economic Reconstruction from the Bottom Up” is a book ahead of its time. It highlights the growing threats of globalization to individuals as consumers, workers, citizens and family members; and it offers solutions for how people can protect themselves and reassert control over their future. Globalization, defined as the globalization of capital by Brecher and Costello, has granted international corporations and institutions greater freedom and power to influence the global world. The authors critically questioned the common belief that globalization contributes to the rise of the world's population by advancing their main argument of the "race to the bottom", a catastrophic process of race to the bottom that results from 'an unintended consequence of millions of unrelated decisions made by individuals and corporations pursuing their private interests, coupled with the deliberate political goals of global corporations. Corporation sought to impose a "corporate agenda" on local and national governments and international institutions. This corporate agenda aims to minimize all barriers to lowering environmental, social and labor costs and has been quietly incorporated into trade agreements such as the North American Free Trade Agreement (NAFTA) and the Accord General Agreement on Tariffs and Trade (GATT), the World Bank and the International Monetary Fund (IMF) policies of "shock therapy" and "structural adjustment", as well as government policies that lower conditions in the pursuit of “competitiveness”. The authors proposed alternatives to the Corporate Agenda, which aims to raise the level of those at the bottom by leveling up, ...... middle of article..... .the state of economies and people's lives. Although I understand that this book serves to highlight the pressing problems of globalization, the arguments made were often too one-sided in my opinion. For example, the authors argue that the successes of newly industrializing countries (NICs), such as the East Asian Tigers, are the result largely of labor exploitation and non-profit destruction. sustainable environment. In this statement, the authors imply that economic growth can only be achieved through destructive means. However, being a 21st century citizen from one of East Asia's tiger countries, Singapore, I couldn't disagree more. Adopting a free trade policy and maintaining an export-led regime has given Singapore immense employment opportunities and foreign investment which has spurred economic prosperity which has enabled it to achieve its economic objectives.