The Resistible Rise of Market Fundamentalism

In this empirically grounded analysis of the world economy during the past 20 years, two eminent economists focus on trade, financial flows and foreign direct investment. They find that the economic forces presumed to be crucial for spreading the benefits of globalization have been less than global, much weaker than predicted, and carry potentially damaging effects as well as benefits. Future negotiation depends not on whether the globalization agenda should be extended to new issues, but whether trust in the existing rules can be restored by applying them more fairly