Globalization Reappraised: Globalization and Its Costs

Globalization Reappraised: A Talisman or a False Oracle analyzes the emergence of Washington Consensus inspired globalization model in the post cold war era. It presents a comprehensive scholarly survey of the literature, impact of the model on technology, ethno/religious revivalism, environment, human rights, rule of law, and income inequality, and the rise of unprincipled populist political demagogues in Asia, Africa, Europe, and the United States. The book also discusses the devastating impact of the 2008 global financial crisis due to unbridled, unregulated free market system. These developments have raised serious doubts about once considered inevitable, invincible globalization model. Serious soul searching to fix or even discard some of its negatives has become significant part of policy discussions from Delhi to Devos. The concluding chapter of the book analyzes several alternative models by raising the question about the direction and nature of the model itself.