Book Description
This book is for users wanting to understand the impact of international economics. Therefore, the economic theory is low-level, but it is very applied with an emphasis on managerial or public policy decision-making. For instance, the book gives heavier treatment to international production and international development than most international economics books.
Customer Reviews:
a global study.......2007-07-28
Reinert explains the current workings of the global economy. Explaining the basic precepts of international trade. Within the context of the postwar trade agreements. The rise of the newly industrialising countries of East Asia (Japan, South Korea and Taiwan) is keyed to the massive amounts of export-driven manufactured goods that those countries produced.
Related to this are ideas like the enabling of foreign direct investment, which can act as a capital supplier and a spur to future growth of a country that gets the investment.
The book also delves into economic theory and accounting frameworks needed to quantify international trade. Given the global scope of the book, currencies and exchange rates between those currencies are discussed. Hence the idea of purchasing power parity, as a different way to compare countries, instead of purely by exchange rates. The Big Mac index, introduced by the Economist magazine, is given as a vivid instantiator of PPP.
Average customer rating:
- Calculations are only as good as your numbers
- Pants on fire?
- Accepted History & Chronology Must Be Changed.
- Very Interesting
- History as Science Fiction
|
History: Fiction or Science? (Chronology, No. 1)
Anatoly Fomenko
Manufacturer: Mithec
ProductGroup: Book
Binding: Paperback
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They Cast No Shadows: A Collection of Essays on the Illuminati, Revisionist History, and Suppressed Technologies
ASIN: 2913621058 |
Book Description
Recorded history is a finely-woven magic fabric of intricate lies about events predating the sixteenth century. There is not a single piece of evidence that can be reliably and independently traced back earlier than the eleventh century. This book details events that are substantiated by hard facts and logic, and validated by new astronomical research and statistical analysis of ancient sources.
Customer Reviews:
Calculations are only as good as your numbers.......2007-08-03
Yes, we can all agree that mainstream history is nearly 100% BS due to politics, economics, ego, problems with dating techniques, and various conspiracies. Agreed. But, I've been researching the distinct possibility that human history (in terms of civilizations) are much more ancient than we've been told, so coming across this book was very interesting to me. I wondered how Fomenko could be wrong (if at all) because he is very persuasive in his presentations. Then it dawned on me. If at previous times in prehistory, due to the various catastrophies that are well documented (comets, asteroids, planetary disruptions, plasma discharge, pole reversals, etc) the Earth was in a different position in relation to the sun, different tilt on its axis, different orbit, different rotation (in terms of velocity and DIRECTION), and the continents were in different positions, then would this not cause the ancients to see the sky (constellations) differently? In other words, is Fomenko making erronious assumptions about the physics of the Earth in pre-history, which then corrupt his data with regards to dating the relevant astrology? The last event to seriously disrupt our planet occured roughly 3500 years ago, according to other good researchers, so is it possible Fomenko has been confused by this? The vastly different physics of our planet in the not so distant past may explain this confusion, which is not to say the "mainstream" version of history is correct; on the contrary. I am not an expert in these fields, but wanted to see if this idea could spark discussion.
Pants on fire?.......2007-07-19
Will people ever read before spamming? Yes, Jesuits could not rewrite world history alone, they had help. Anyway, Dr Prof Acad A.Fomenko does not point to jesuits as the driving force of world wide history manipulation in published volumes 1,2,3;, actually he barely mentions the poor devils. Check it with 'Search inside' feature, please. China is rarely mentioned either, in fact, Dr Fomenko is completely eurocentric. Right, his theory contradicts all mainstream schools of history, because in their actual state they are all built on blatantly erroneus chronology. You don't need a mysterious cabal (conspiracy) to falsify history, the falsification is its modus operandi. It is inherent to history(ians) to falsify (distort) events, as it is inherent to humans to boast as it is inherent to power (authority) to legimize itself by referrring to glorious past made to its own order. Dr Prof Fomenko and team have identified scores of instances of such manipulation in Russian, European, etc.. history, and delivered valid statistical proof thereof. His own 'reconstruction' is completely another story. Forget c14 as a valid method of dating. W.Libby has initially discovered a brilliant method of INDEPENDENT dating. Too bad, c14 method has become a joke after a forced marrige with dendrochronology with consensual chronological scale inbuilt. Radiocarbon method can't stand blind tests, but is so very productive as a rubberstamp.
Accepted History & Chronology Must Be Changed. .......2007-04-09
There is no doubt that history as most know it is a sham, & institution's version of History both University & Church is fradulent & inaccurate. Everything was established with an agenda, The real "Dark Ages" are now when we have access to incredible amounts of information past authorities & more important 'common folk' didn't have but our institutions & educators are slow to evolve because of what has ignorantly & arrogantly been taught for too long. This is on many subjects not just Chronology.
For anyone to question "Why would a Mathematician have anything credible to say of History?" The answer is from Dr. Fomenko's preface in the book: "It would be worthwhile to remind the reader that in the XVI-XVII century Chronology was considered to be a subdivision of Mathematics." These volumes could possibly be some of the most important works to date & should be read by everyone with an interest in History, especially professors & educators who have a duty to the public. I have read both books & must say that 'Chronology 1' has some very eye opening & revolutionary information. Even if these volumes are part true the implications are profound & opens the doors to further investigations & questions which must be done. I speak several different lanquages & must say the logic Dr. Fomenko uses with "inflection" of words & words being read from left to right in one region & right to left in another then written backwards, the removal of vowels & get down to basics of words, or different cities & locations having the same name etc. is correct. Vowel usage has always been optional & varied, actually complicating linquistics & study. The first thing one has to understand is that words never had a fixed spelling in history like we do now, the spelling of words was mutable & regional, as well as names & titles of people were vast, varied & changed, NOTHING WAS FIXED or understood linear. Matters of Life & Death as well as financial profiteering yesterday & today were & are made with ignorant, illogical & conspiratorial views of history & reality, it's time people get closer to the Truth & society collectively grow up.
Very Interesting.......2007-03-07
It is a good proposal and I believe it will mature into something even better in the future. I think it deserves to be read.
History as Science Fiction.......2007-01-10
Anatoly Fomenko has written a very intriguing book, full of pictures, charts, and computer 'proof' of his thesis: backwards of AD900 we don't really know what happened or when. Between AD900 and AD1600 there is more certainty, but there is still a lot of fuzzy ground, and things don't get reliable until we get past the 1600's where the printing press made it very difficult for the perpetrators of this timeline manipulation to change anything that had been committed to print. The Dark Ages did not happen. Books were burned for a reason. One organization has doubled the actual length of its existence by expanding the real chronology. Read why.
I had always wondered why Christ died about AD33 and yet men waited until the 11th century to form the Knights Templar, the Cathars, etc and go after the Holy Land by force. Why the 1000 year gap? Turns out there wasn't more than a 10-12 year gap and he proves it using astronomy. This also implies that the planet is not as old as we have been told, and current Christian and other creationist scientists are already championing that idea without being aware of Fomenko's book. The two groups, creationist scientists and the Russian mathematical analysts corroborate each other. Fascinating.
Of course, all this flies in the face of what we have been told traditionally is the 'proper' chronology of western civilization, and most readers will experience 'cognitive dissonance' in reading this book. It means that our history going backwards from AD1600 becomes progressively more incorrect and unreliable until it cannot be trusted at all... in the space of 700-800 years.
Naturally, the curious, open-minded reader will want to know WHO did this, WHY, and did any of the events we think of as really ancient ever happen?
Dr. Fomenko is a respected scientist/mathematician at Moscow State University who has already answered these questions to the satisfaction of his initially skeptical colleagues. Most of them are now believers, a few still refuse to believe (the usual diehards), and of course the western press has ignored Fomenko's work -- for obvious reasons when you read the book. The ones who perpetrated this chronology ruse have a lot to answer for. They are still with us. That's why this book is a well-kept secret.
I gave the book a 4-star rating because I was unable to check out some of his claims; those I checked were as he said. But if even 1/3 of his claims are true, this punches a big hole in what we think is our history, the meaning of western civilization, our educational process (for repeating the ruse as gospel), and the trustworthiness of the organization that perpetrated this ruse, well-intentioned or not.
This book relates to current research into a Young Earth paradigm, to John Keel's discoveries about our planet, and Fr Malachi Martin's insights (in his now out-of-print books). We are indeed sheep who are manipulated and kept ignorant -- for a reason. While knowing what these men have to say may be the "booby prize" (as in: 'what can you do with this knowledge?'), it will provide interesting reading. Didn't someone say: "...and the Truth will set you free."?? For you to judge if this book contains the truth.
Book Description
Twilight in the Desert reveals a Saudi oil and production industry that could soon approach a serious, irreversible decline. In this exhaustively researched book, veteran oil industry analyst Matthew Simmons draws on his three-plus decades of insider experience and more than 200 independently produced reports about Saudi petroleum resources and production operations. He uncovers a story about Saudi Arabia’s troubled oil industry, not to mention its political and societal instability, which differs sharply from the globally accepted Saudi version. It’s a story that is provocative and disturbing, based on undeniable facts, but until now never told in its entirety. Twilight in the Desert answers all readers’ questions about Saudi oil and production industries with keen examination instead of unsubstantiated posturing, and takes its place as one of the most important books of this still-young century.
Customer Reviews:
MATTHEW SIMMONS.......2007-07-28
Peak oil. That's the 100B$ question?
Technical analysis shows as that oil is in a bull market...
If this book is right 200$ oil is not science fiction, but rather reality.
Is that the end of oil or just another milestone
in the neverending story of oil bull and bear markets.
The future will tell...
It may be later than twilight in the desert.......2007-06-08
I heard so much about this book that I started to not buy it, thinking I knew what it said. I'm very glad I read it. I spent 30 years in the oil patch and I have to say that I think the author knows what he's talking about. He makes a very good case for Saudi Arabia's oil production being on the verge of a steep decline. For more on getting ready for very expensive oil see The Long Emergency.The Long Emergency: Surviving the End of Oil, Climate Change, and Other Converging Catastrophes of the Twenty-First Century
An important analysis, but too long by half.......2007-05-24
Saudi Arabia's economic foundations are increasingly fragile despite the run-up in oil prices during the past three years, driven in part by the disastrous invasion of Iraq. Simmons' work points to a looming problem - that Saudi Arabia has vastly overstated the country's oil reserves and production capacity. He gives sound technical analysis drawn from opinions of independent oil experts.
While it is an important book, the author could have covered the same ground in about half the 464 pages that he used.
For a succinct, fictionalized account of the types of non-economic problems besetting the Saudi regime and the future stability of oil markets, you might take a look at SAUDI MATCH POINT, published recently and available online from Blacksmith Books.
Lots of Food for Thought.......2007-05-10
Some have called Simmons a doomsayer. Others a prophet. With so many reviews of this book already posted, this one will be a bulleted list of some of Simmons' most salient points:
-The last big oil fields were found in the late 1960s and early 1970s, and most are in the middle east. This small part of the world produces most of the planet's oil. With little prospect of new oil discoveries, this is the 'twilight' phenomenon of the book's title.
-The U.S. is too dependent on foreign oil. This is not new. But even if we wanted to be self sufficient, our energy infrastructure is terribly outdated. Our average drilling rigs are 25 years old, and human drillers need 10 years of training--and we're not doing a good job of training new ones.
-Bottom line: we've used too much oil and paid too little for it during the past 50 years, while we've let our global energy infrastructure get too old. Now we all (China, Russia, Europe, and the U.S. in particular) need to work together to undo 50 years of mistakes.
That's Simmons' book in brief. It's thought provoking, although certainly many consider its arguments debatable. Despite one's position on available global oil supply (as well as global warming), in its most lucid and impassioned moments 'Twilight in the Desert' is a stirring call to action.
Well written & excellent analysis.......2007-04-29
Simmons presents a phenomenal analysis of Saudi Arabia's oil production (both their production claims & reality). In it, he presents the history of Saudi Aramco, walking you step by step through the production analysis, injecting definitions of key terms and technology primers along the way. This book presents a skeptic's view of the Saudi claims, and presents much research to back up his skepticism. One thing to note is that he never comes out and says that the Saudis are actually lying about production, but rather, suggests (rightly so), that they are not forthcoming about the reality of their situation, almost goading them into making public their production information.
I only have two minor complaints. First is that the reader is skewed into believing that the Saudis *cannot* substantially increase their production. This may be true, but the better claim would be to show that to do so would require substantial investments. Also, he never acknowledges that if the price of oil were to skyrocket, that market forced would make it quickly fall to a more reasonable level. Simmons is a financial analyst, and anyone who believes in market theory should acknowledge this, especially in a work this comprehensive.
Overall, this book will teach you more about how oil production actually occurs than anything short of a geology textbook, and presents an insight into the whole industry that is nothing short of a tour de force.
Book Description
The Travels of a T-Shirt in the Global Economy takes the reader on a fascinating, around-the-world journey to reveal the economic and political lessons from the life story of a simple t-shirt. Over five years, business professor Pietra Rivoli traveled from a Texas cotton field to a Chinese factory to a used clothing market in Africa, to investigate compelling questions about the politics, economics, ethics, and history of modern business and globalization. Using the story of the t-shirt to illustrate the major issues of the globalization debate, this uniquely entertaining business book offers a surprising, enlightening, and balanced look at one of the major topics of our time.
Prize or Award
- Business Book of the Year 2005, Finalist
- AAP Awards for Excellence in Professional and Scholarly Publishing, 2006
Customer Reviews:
Great Read.......2007-09-24
The book is a good read, since I am taking my international trade class, this is actually one of the require reading. If someone who is very liberal, or cuddle to grave type of mentality, this book does not offer the cuddly senstivitive that the faint hearted people are looking for. But it is quite realistic. If you can look pass the sweatshops and all, this is a good read.
Good, but light-weighted.......2007-09-11
The book is an advocate of free market and a defender of the globalization. Basically the author portraits non-market forces to be bad (examples: artificial constraint on the labor worker's mobility, international trading protection, and restriction of new technology applications). She also proposes that free trade is good (example: used apparels in Africa). It is an interesting angle with which to examine the globalization phenomena. By recognizing that there are non-market forces at play, one should, or so the author seems to suggest, attribute negative effects (such as sweatshops) to these forces and work on eradicating such forces. The ideal situation would be, as author implies, an absolutely free market operating in bringing everyone maximum benefit.
While there may be novelty in this theme, I do not feel that it merits all the details and tidbits as presented in the book. In fact, I find this book more like a research log than a final product. The stories and observations are definitely interesting and well-written. However it is not always clear where they lead to and what conclusion they are designed to support. I think the book can be reduced to 1/3 of its volume and still be able to make the same points.
On the other hand, many conclusions are not well supported. For example, about trade restrictions, the author argues that US quota systems impact how capital and labor flows in the world, and shape the economy of other countries. While it is obvious that all US trading partners would behave under the influence of US trading policies, more quantitative evidences are required to ascertain the extend of such influence. Such details are lacking in the book. As another example, the book stated that China lost more textile jobs than the US. Therefore, the US jobs are not going to China, but are just disappearing due to technology advances. Such claim is not well-supported, either. These two forces (technological advances and job relocations) can both contribute to the job loss. Their relative importance in the US cannot be indicated by how much textile jobs are lost in China. (In addition, the book does not point out that most Chinese factories operate at a lower technological level than their US competitors. Therefore, the job loss rate due to technological advance is not the same in US and China.)
On a more grand scale, the book fails to address the following issue, which is very relevant to the topics at hand. Globalization in essence is a process of integrating many previously local markets into a unified global market. Previously, each market has different states of balance and is supported by different Government infrastructure. After integration, capital, labor and product flow to maximize profit for the capitalists. Such flow disrupts all local balances before a global balance is reached. For example, the labor cost in the US today is reasonably high because most people have the choice of working as blue collar or white collar workers. Some people are willing to work for lower wage to avoid the extra training and investment required for white collar jobs. However the difference in wages cannot be too large. In China, on the other hand, the pool of unskilled labor is huge and opportunity of getting trained and advancing into white collar jobs is very limited. Therefore, the unskilled labor cost is very low in China. Moreover, the tradition and culture in China allows for lower safety standards and environmental standards as imposed by the Government. Now the current state of balance in the US is the result of adjustments over generations and is relatively optimal. In a global market, however, the US cannot keep its balance until the whole world reaches the same balance. In the long run, such re-balancing is not a big problem and is even desirable. However, in the short run, it brings shock to the US markets, and such shock is unevenly bore by the arguably most vulnerable population: the workers. To me, this is a very important issue in globalization. Economically, globalization is win-win and everyone eventually will benefit. Humanitarianly, however, there are people who suffer in the process and it is the duty of the society to help them and (God forbid) protect them.
Overall, I'd say that this is a very interesting and thought provoking book. I enjoyed reading it at my leisure. However, I don't consider it to be of the caliber of an Economics textbook.
Can you understand global economics?.......2007-07-05
It's all about the money, someone said. This wonderful book starts with the growing of cotton subsidized by the US government, the spinning and weaving in China, the T-shirt making in Bangla Desh or wherever, its wear in the United States, and its ultimnate fate as second-hand clothing in West Africa, the only free market found by the author.
A simple and elegant account of interconnected global economics, of who gets value, who adds value, and who gets the money. Fun to read.
Doesn't take sides; just informs........2007-05-14
An intelligent, fair minded, well-researched, and very interesting book. I was assigned to read it for a class, so I had to force myself to open it, but once I did, I had a hard time putting it down. The book is not only informative, it also reads like a good story. The author is an economics professor whose writing style is friendly and accessible. Rather than being yet another abstract book about the global economy, it's about how everyday people function in, and are affected by, the global economy. The book doesn't take sides, it just informs the reader about something that affects us all.
Good, casual read offering good perspective.......2007-01-15
This book takes a pretty balanced approach to questions of globalization by tracing how a T-shirt is produced, from raw materials to the folded T-shirt in a department store, to the used T-shirts that are reprocessed or go to developing countries for a second life. Probably everyone can learn something from this book, and the narration is fairly engaging (it was good plane reading for me). The writer tries to keep the book agenda-free, putting forth both economists' and anti-globalizers' perspectives and describing how, to a certain degree, an effective global economy needs pushes from both camps.
Book Description
The Bush Agenda is the first book to expose the Bush Administration's radical economic agenda for global domination, a plan more extreme, unilateral and audacious than any of his predecessors, a plan that has created the greatest level of violent opposition to America and Americans in recent history.
The Bush Agenda: Invading the World, One Economy at a Time explores the Bush Administration's plan to invade the world through a corporate globalization agenda, first in Iraq, then the Middle East with the proposed U.S.-Middle East Free Trade Area, and ultimately as a cornerstone to the global Bush Doctrine of Pax Americana. What is Bush's "free trade?" It's an economic model that argues that by removing restrictions on multinational corporations, these companies will be freed to become engines of economic growth in countries around the world, but in fact bring vast wealth of a small number of global elites while entire populations suffer dislocation, poverty and violence, creating a perfect Petri dish for breeding terrorists. The instruments for this takeover include such corporations as Bechtel, Lockheed Martin, ChevronTexaco, Halliburton, and many others.
This book addresses the history of U.S. economic relations throughout the world over the past 25 years, the key role of U.S. corporations, and the larger Bush economic agenda and what the potential impact of this agenda will be on the United States and the world. It concludes with specific alternatives to guide the U.S. on a more peaceful and sustainable course in the future. Using Naomi Klein's No Logo and Eric Schlosser's Fast Food Nation as models, The Bush Agenda is based on hard analytic fact and presented so that it will not only be persuasive, but highly engaging and entertaining to a broad audience.
Customer Reviews:
Meticulous documentation of the progress of Cartel economics and empire.......2007-05-23
"Once you've got Baghdad it's not clear what you do with it. It's not clear what kind of government you would put in place of the one that's currently there. How much credibility is that government going to have if it's set up by the US military.... I think to have American military engaged in a civil war inside Iraq would fit the definition of a quagmire, and we have absolutely no desire to get bogged down in that fashion."--(page 174) Dick Cheney, April 1991, explaining why Bush the First did not take Baghdad after Gulf War I
Antonia Juhasz has performed a major public service in exposing the history, players, and motivations behind the second Iraqi war and occupation. "It's about the oil, silly."
Actually, not totally about the oil but for the material benefit of several industries to which access to petroleum-based energy is a key contributor. She does not mention the Carlyle Group[1], instead focusing on four top bananas: Bechtel, Chevron, Halliburton, and Lockheed Martin. The individual histories and blatant aggression of these companies, each largest in its field, are truly eye-opening.
Agenda is primarily documentation of the relationships between the war and energy corporations and the Bush dynasty...
For my complete review of this book and for other book and movie
reviews, please visit my site [...]
Brian Wright
Copyright 2007
Essential Reading.......2007-05-11
Bush agenda is absolutely essential to understanding the unfolding story in the Middle East. Turning each page was like opening a new door of insight.
Here's Why the US is in an Endless War!.......2007-05-07
Antonia Juhasz has assembled expertly the pieces of the puzzle. Readers of "The Bush Agenda: Invading the World One Economy at a Time" will have it all put together by the time they finish reading this well-documented expose. It is so important that I have given copies to three brothers and five children I love.
The World Should Wake Up.......2007-05-06
If you want to have an understanding of how the Bush Administration is pushing their ongoing agenda/policy for globalization and corporatization of our world (with the help of a handful of elitists) this is a must read. What frightens me about the future of our world is that this book illustrates that those in power have no interest in the protection of the average person or our planet, it's about controlling resources, i.e. oil, water and food, using any method necessary,including military to further their own agenda...greed and power.
The Juhasz Agenda: Depriving The World Of Oil, One Combustion Engine at a Time.......2007-04-28
Juhasz zeal and fanaticism against anyone or anything that engages in oil exploration or consumption makes Ed Begley Jr look like the equivalent of a one man Exxon Valdeze.
The author is of course not a journalist, or a reporter, or even a fair minded observer, but rather a far left activist with many axes to grind. Her total disdain for oil, whether refined or crude, extends to her personal ownership of any transportation that uses the pernicious benzene. What is Juhasz's stated reason for this life long eschewing of the automobile? "I refuse to give money to evil gas companies," says this holder of Public Policy degrees. One has to wonder if Juhasz was frightened by a car backfire in her cradle.
I guess Juhasz's abhorrence of lining the pockets of oil company ceo's only extends to paying at the pump as she isn't as persnickety when it comes to flying to all her public speaking engagements around the country.
Juhasz is a member of International Forum on Globalization and Oil Change International whose ideology and purpose is conveyed in this synopsis:
"We focus on the oil industry because we understand and view the oil industry as a source of global warming, human rights abuses, war, national security concerns, corporate globalization, poverty, and addiction. We also see their interests behind every major political barrier to a clean energy transition."
This intransigent position seems at odds with the purpose of a public policy masters degree that is supposed provide the candidate with analysis of the political, economic, quantitative, organizational, and normative aspects of complex problems. Juhasz has distilled all historical and current complex geopolitical issues and events down to three grimy letters: oil. She is the Freud of the anti-industrial revolution set. Even though both are not mutually exclusive, Juhasz substitutes oil for sex as the motivation for all human endeavor.
Let's examine Juhasz's rational for Bush's continued secret ulterior motives for remaining in Iraq.
"The process of securing this access involves three steps. The first, put into motion with the December 15, 2005, election, is the formation a legitimate Iraqi government with the authority to, among other things, sign contracts with foreign oil companies. The second step is the completion and passage of a new national oil law that is set to conclude at the start of 2006. The third, having enough security on the ground for U.S. oil companies to get to work, is uncertain, and therefore the time line for full U.S. troop withdrawal remains unknown."
Well, this "secret" Bush master plan must have been kept a secret from Rumsfeld since Bush approved the number of troops used in the initial Iraq invasion and subsequent mop up. If securing the all the oil producing fields, as well as Baghdad, was the intended goal after taking out Saddam, why didn't Bush accept Gen. Eric K. Shinseki's estimate that several hundred thousand troops would be needed in postwar Iraq?
Surely Juhasz isn't advocating Iraq oil only for Iraqis? It would seem antithetical to Juhasez's extremist views on petroleum; that any country's petroleum should be taken out of the ground, refined, and used to power evil machines belching toxic fumes.
What is Juhasz's position on nuclear energy? Never mind. I'm sure there are dastardly robber barons who also enjoy a monopoly over the power of the atom. But how would Antonia achieve martyr status if she merely eschewed atomic submarines and nuclear powered aircraft carriers as modes of transportation?
Book Description
Globalization is not a new phenomenon, nor is it irreversible. In Gobalization and History, Kevin O'Rourke and Jeffrey Williamson present a coherent picture of trade, migration, and international capital flows in the Atlantic economy in the century prior to 1914--the first great globalization boom, which anticipated the experience of the last fifty years.
The authors estimate the extent of globalization and its impact on the participating countries, and discuss the political reactions that it provoked. The book's originality lies in its application of the tools of open-economy economics to this critical historical period--differentiating it from most previous work, which has been based on closed-economy or single-sector models. The authors also keep a close eye on globalization debates of the 1990s, using history to inform the present and vice versa.
The book brings together research conducted by the authors over the past decade--work that has profoundly influenced how economic history is now written and that has found audiences in economics and history, as well as in the popular press.
Customer Reviews:
Good Data, Wrong Bias.......2000-04-03
I would agree that this is a very good book in terms of presenting what happened in the 19th century Atlantic economy. I do have one critical observation. The authors blame the collapse of globalization on the lobbying of particular industries; thus setting up the argument that general gains from trade were lost to special interests. This is in accord with their belief that globalization is a good thing. As an economist working on these issues for many years, with experience in government as well as academics and the private sector, I have to disagree. Clearly, governments need to rally constituents to support policies. Yet, from our own Alexander Hamilton to Germany's Otto von Bismarck, and a host of others, states had a strategic vision of what was in the national interest for which they sought support. This is the origin of the "iron and wheat" alliances that O'Rourke and Williamson credit with undoing "free trade" on the continent. This was a strategy of national economic development and strategic independence under which the major powers were able to successfully increase their economic growth rates. For evidence of this I would recommend Paul Bairoch's book Economics and World History (Univ. of Chicago, 1993). As the great economic thinker Joseph Schumpeter observed "the consistent support given by the American people to protectionist policies...is accounted for not by any love for or domination by big business, but by a fervant wish to build and keep a world of their own and to be rid of all the vicissitudes of the rest of the world." This is true of most people, most places---which is why the current fad of globalization will not last either.
Economic History Made Delightful.......2000-01-24
This book is not an easy read. Especially if you are not interested in economics and lack basic economics terminologies, you'll certainly have difficulties appreciating this book the way it should be. It is, however, an tremendously insightful story of the evolution and devolution of globalizm in the world in the late 19th century and early 20th century. It, in rigorous details, shows how an earlier period of globalization in the late 19th century was self-destructed by the very same forces that established it as a significant force in the global economic system. It reflects how easy it is to lose the benefits of economic globalism which we today often take for granted.
Interesting history 19th cent. Atlantic globalization.......2000-01-12
I am an economist working on globalization issues, interested in history and economic history. I found this book an excellent study that puts globalization discussion in historical (19th century) context, a period of large international capital flows and even larger human capital flows. Th study uses data on these mass movements in production factors to empirically test/uses the standard international trade Heckscher Olin model on income and factor price distribution in trade. It shows that these mass movements had indeed measurable effects on income distribution following some of the model predictions. Problems of globalization in economic terms are indeed linked to the income effects of several groups in the economy following the opening up to increasing trade, investment and migration flows. All too often these discussions are marred by lack of data and lack of historical awareness, and i found this study filling a real gap. It surely will be contested but i found the analysis interesting and well-written. Recommended!
Customer Reviews:
Overrated and full of hyperbole.......2007-07-31
The authors have written a book with a clear-cut agenda--to force American students to recognize and overcome their evil "Eurocentric" biases. (The word "Eurocentric" too often today is code for racist.) While I do agree that there are other histories, other perspectives, trashing Europe, Europeans, and by extension Americans, to build up an argument for knowing about the Chinese, Aztecs, and Africans fails to impress. This book is the textual equivalent of shouting the loudest to gain the greatest attention, and that very hyperbole makes for a very bad book, both from reading and teaching perspectives. Furthermore, Pomeranz, who studies China, seems to be under the impression he's the only one who knows anything about China and the rest of us are totally ignorant on the subject. Anybody who has read ANY Jonathan Spence or Patricia Ebrey or John King Fairbank knows better--in every sense of that world. For India, read PJ Marshall, Barbara Stoller, or Richard Barnett; Africa, John Thorton and Linda Heywood, Philip Curtain, or David Northrup. Frankly, THE WORLD THAT TRADE CREATED is a polemic, not a history. One would more profitably spend time with Curtain's THE WEST AND THE WORLD.
The world that Pommeranz and Topik invent.......2007-05-07
Fun reading for those that enjoy economic history. The problem is that it is impossible to know what is real.
For example, when talking about the euro, they say that by 2003 "pesos, francs, and marks had become things of the past." That is, Messrs. Pommeranz and Topik confuse pesos (used in several Latin American countries) with pesetas (the vanished Spanish currency). A superficial mistake, no doubt, but one that any well-informed student would avoid making. One can only wonder about the world the authors invent, or get superficially or deeply wrong, when they travel further into the past.
fast and loose with the facts.......2007-04-02
Written by college professors, "The World that Trade Created" tries to sound like a textbook, but is in reality a fictionalized novel that uses history as its vehicle.
Warning sign: there are no footnotes. The book contains thousands of quotes and factoids, but the authors give no indication where they came from. This intellectually dishonest technique keeps the reader from determining for themselves whether the "facts" presented are reliable, unreliable, or made up.
Yes, sometimes stuff is simply made up. Example: "Remote Andorra is now in the center of the world." (p.214) This is just nonsense masquerading as fact. I could find no similar description of Andorra anywhere else. Every other account I found calls Andorra "remote", the opposite of central. Andorra is not alone in offering tax advantages or relying on tourism, so it cannot be central metaphorically. Here and elsewhere, the authors simply make a fanciful statement as if it were fact.
"The World That Trade Created" is at best a loosely organized, fictionalized version of trade history. If you want a revisionist view of history told in People Magazine format, this is the book for you.
only a stiff could possibly find this book remotely interesting.......2006-02-21
After reading this book and writing this review, I considered reporting it to the U.S Consumer Product Safety Commision, because this book is dangerously boring! I found no new information relevent to anything important. In addition, I believed that certain parts were extremely repetitive, and the topics were dull. The AP teachers may find this book interesting, however, they obviously do not care how their students will react to reading such a dry group of essays. I would highly not recommend this book to anyone, and if you do have to read it for AP World History, good luck.
Anxious.......2006-02-19
Reading this book just makes me exremely anxious... I don't know why.. Maybe its because it just talks about a bunch of stuff that I'm already aware of.. i would rather opt for an interesting story that shows this rather than a bunch of essays. However, if you're into trade and want to sharpen up your knowledge on it, this book is for you.
Book Description
"Impressive... This is an evidence-based bottom-up account of the realities of globalisation. It is more varied, more subtle, and more substantial than many of the popular works available on the subject." -- Financial Times
Based on a five-year study by the MIT Industrial Performance Center, How We Compete goes into the trenches of over 500 international companies to discover which practices are succeeding in today’s global economy, which are failing –and why.
There is a rising fear in America that no job is safe. In industry after industry, jobs seem to be moving to low-wage countries in Asia, Central America, and Eastern Europe. Production once handled entirely in U.S. factories is now broken into pieces and farmed out to locations around the world. To discover whether our current fears about globalization are justified, Suzanne Berger and a group of MIT researchers went to the front lines, visiting workplaces and factories around the world. They conducted interviews with managers at more than 500 companies, asking questions about which parts of the manufacturing process are carried out in their own plants and which are outsourced, who their biggest competitors are, and how they plan to grow their businesses. How We Compete presents their fascinating, and often surprising, conclusions.
Berger and her team examined businesses where technology changes rapidly–such as electronics and software–as well as more traditional sectors, like the automobile industry, clothing, and textile industries. They compared the strategies and success of high-tech companies like Intel and Sony, who manufacture their products in their own plants, and Cisco and Dell, who rely primarily on outsourcing. They looked closely at textile and clothing to uncover why some companies, including the Gap and Liz Claiborne, choose to outsource production to foreign countries, while others, such as Zara and Benetton, base most operations at home.
What emerged was far more complicated than the black-and-white picture presented by promoters and opponents of globalization. Contrary to popular belief, cheap labor is not the answer, and the world is not flat, as Thomas Friedman would have it. How We Compete shows that there are many different ways to win in the global economy, and that the avenues open to American companies are much wider than we ever imagined.
SUZANNE BERGER is the Raphael Dorman and Helen Starbuck Professor of Political Science at MIT and director of the MIT International Science and Technology Initiative. She was a member of the MIT Commission on Industrial Productivity, whose report Made in America analyzed weaknesses and strengths in U.S. industry in the 1980s. She lives in Boston , Massachusetts.
Customer Reviews:
Nice one.......2006-02-26
A real page turner, plenty of insight into outsourcing and globalisation, very impressive piece of work!
We Should Not Accept Second-Best Ever!.......2006-02-20
In the boom years of mass consumption after WWII, the vertically integrated companies flexed all their muscles. Giants like RCA, IBM, Levi Strauss, and Volkswagen coordinated all the functions from research and development to distribution within their own control in the company. "For the first time in history, a great number of complex manufactured goods, like automobiles, refrigerators, canned foods, bicycles, and radio and television sets, became affordable for people with ordinary earnings."
In this book, they attempt to report on what the team learned about constraints and strategic choices in the global enonomy. "As far as I know, this is the first large-scale analysis of globalization that starts with a view from the trenches -- the people under great pressure to respond to new challenges in hundreds of companies around the world." If all manufacturing leaves America, can research, design, and services be far behind?
Firms locate production abroad or contract out to foreign manufacturers to get the cheap labor. It doesn't matter that the quality is poor and not up to standard. "Finding workers at lower wages is the main concern." Who makes Dell computers and where? The December 19, 2004, 'New York Times' article quoted Kevin Rollins as saying that "Dell makes them in the United States." They even moved a production group to Nashville, Tennessee. "None is outsourced; none is made in other countries and shipped in." It has been pointed out that Dell laptops are assembled abroad." In 2005, 'Fortune' named Dell "America's most admired company." Ms. Berger maintains that "the only operation that take place in Dell factories in the United States are those involved with final assembly -- in other words, screwing in the parts and burning in the software options selected by the customer" and that Dell outsources all the manufacturing of the components which are included in its computers.
Lenova Group Ltd. may be the world's third-largest computer maker after acquiring IBM's personal computer business, but it's a household name only in China. It provided an Internet cafe in the Olympic Village at Torino with free access to thirty-four computers for email service for the athletes and trainers. NBC's Olympic crew leased 1,000 Lenova notebook and desktop computers. Because of this exposure and the expensive sponsorship, its aim is recognition as a worldwide brand.
Global trade has railroads humming again. The right train of thought can take you to a better station in life. Norfolk Southern is leading the way. As manufacturing moved abroad, more finished goods needed to crisscross the country from ports. In the 20th century, train engines, railroad cars, and thousands of miles of railroad tracks were all Norfolk Southern needed to reach prosperity. With the assistance of University of Tennessee as a key management tool to a broader understanding of the global logistics economy, Norfolk Southern is now more integrated in the global supply chain.
Many of their trains are reassembled at the John Sevier Yard where my dad worked in the Fifties for the Southern Railway. Norfolk Southern who bought them out operates in twenty-two states and Canada, employing 30,000 people with Knoxville as a key hub because of its location and the CSX local Railroad. Sourcing of parts and materials is more global not only on a 21,000 mile cross-country route, but the Asian products headed to the Midwest will use Eastern ports like Norfolk, Virginia.
At present, six major U. S. ports including Miami, Florida, are being used by Arab Emirates businesses which merged with a subsidiary of a London-based firm purchased by Durai Ports Wrold for $6.8 billion to allow direct access to American soil. Medicare is already substituting generic medicines manufactured in Israel and Germany in its new drug "insurance" whereby the American patient has no say in the matter. And it is not free! Competing globally for manufactured goods is one thing but putting the American population, especially the fragile elderly, at risk for chemical warfare -- or national security -- is another matter.
Previously, I reviewed Thomas Friedman's THE WORLD IS FLAT which this author takes a differing opinion. She says that he claims "talented individuals from all over the world are now competing on a level playing field." She advocates that our world is still round. When MIT came out with another study, "Made in America" in 1988, "we learned about senior corporate delegations making visit after visit to Japanese plants to fathom the secrets of Japanese success." The Toyota and Nissan plants were built in Smyrna, Tennessee, and Lexington, Kentucky, and Detroit lost some of its automobile production to Spring Hill, Tennessee. Now, the digital companies have decided on Middle Tennessee to relocate.
This is a five-year study by a dozen (nine men, three women) MIT Industrial Performance Center Globalization Team of which the author was a member. She teaches political science at MIT and was also in the group which produced the earlier study, "Made in America." Established in 1991, the IPC is headed by Richard K. Lester. There is a group picture on page 335 of the illustrious group which has now decided "How We Compete." I say, we don't!
They Can't See it Coming!.......2006-01-21
More than two million jobs disappeared from the U.S. between '01 and '04 - half a million in high-tech industries alone. Further, Steven Roach, chief economist at Morgan Stanley, estimates that there have been about 8 million fewer jobs in the current recovery than would have been expected from prior history, and most of the new jobs come with low wages and few benefits.
Berger knows these numbers have caused a rising fear that no American job is safe from low-wage countries. To discover whether these fears are justified, Berger and a group of MIT researchers visited over 500 workplaces and factories around the world. Their conclusion is that cheap labor is not the answer.
This conclusion is currently true in some instances; however, the authors fail to see that cheap labor (the "China price") is increasingly dominating decision-making - both in services and manufacturing. Jobs that formerly were not candidates for outsourcing (finance, market research, industrial design, computer systems design, paralegal research, reading X-rays) now are; strategies that previously fought off Asian alternatives often fail to work several years later as China and India adopt new techniques; in fact the authors often cite previously highly successful American companies that subsequently succumbed.
G.M. and Ford are additional examples where this may yet happen - despite years of world-leadership. Part of their problem was believing that they could let Japan have the low-cost market - this worked for awhile, but now Toyota et al have applied the lessons learned in that market segment, and leveraged their distribution etc. systems on to producing competitive SUVs and innovative hybrids as well. Meanwhile, Toyota sees Korea and China as its most formidable future challenges, and despite its vaunted Toyota Production System, maintaining direct control throughout all stages (so does Microsoft, but that hasn't kept it from substantial outsourcing to India), and co-locating with suppliers, is seriously looking at China. Remember Visteon and Delphi (Ford and G.M.'s former parts arms)? Spinning them off was supposed to encourage more companies to utilize them, and it worked - for a time. Today's successes are far too often ephemeral!
To be fair, the authors also point out that studies and analyses on the impact of outsourcing reach conclusions all over the map. However, I think the most accurate (and certainly highly credible) conclusion is that of former MIT economist (and Nobel prize-winner) Paul Samuelson - globalization should increase the world's total income and average standard of living, but there's no reason to think any particular country or region's advances will outweigh its losses.
Berger, et al, also go on to recommend substantially improving American education. The "bad news" is that this has been tried for at least 30 years, with little impact. Further, others have determined that Asian IQs average about ten points over that of American whites. Regardless, what difference would improving education make, even if we did achieve equality with Asian outcomes, when the workers are paid but a fraction of Americans?
Berger does mention the rationale for foreign corporations choosing to continue building millions of cars in the U.S. - laws requiring U.S. content. Toyota, Nissan, Mercedes, BMW, Subaru, VW and others have built large plants in the U.S. as a result of this act. However, the authors fail to recognize this as a potentially strong and viable overall solution to the hollowing of America.
Another important omission is the problem of outsourcing large numbers of jobs to illegals within this country - in fact, Berger et al reference a situation involving such as a solution! Estimates are that AT LEAST nine million illegals from Mexico are here - depressing wage levels and stealing jobs that Americans formerly did. And what about the large number of Canadian truck drivers within the U.S. - soon to be augmented by Mexicans. (There are NO American truck drivers in Mexico that I know of, and very few that I've seen in Canada.) Then there is the self-inflicted problem of L1 and H1B visas bringing hundreds of thousands more, albeit legally. While technically not "outsourcing," the impact of each of the preceding is the same.
Another thought from some "experts" is that sending off the lower-level jobs allows the U.S. to focus on "higher level" jobs such as innovation. That's ridiculous for at least two reasons: 1)Manufacturing, for example, involves more than drilling, welding, molding, etc. It also involves design, production management, production layout, machine design, etc. These are NOT low-level jobs, nor is operating highly technical equipment. 2)How are all the displaced workers going to become eg. biomedical researchers, rocket scientists, etc.? (Oh yes, the Chinese and Indians are moving into those areas also; I have encountered a number of Americans who took recommended training in new areas after being "outsourced" from a long-term occupation only to become outsourced again.)
Also missing from "How We Compete" is any discussion and recommendation on healthcare. Auto manufacturers repeatedly claim that having to pay healthcare for their employees adds $1,000+ cost to each car - creating government-funded universal healthcare like other nations would help save jobs in America.
"How We Compete" address an important topic - however, its focus on CURRENT approaches (vs. trends) results in conclusions that are seriously over-optimistic. (Inadequate analysis by Berger and others helps explain the maze of contradictory conclusions on this topic; political and economic motivations of short-sighted clients are additional drivers.) Eight million jobs here, nine million there, etc., etc. - it adds up and hurts a lot. Meanwhile, America's competitive status declines daily and our government does little or nothing in defense.
Book Description
Provides a sound theoretical and practical foundation for understanding the global economy in an era of shifting borders, restructuring economies, and regional realignments. The book covers population, natural resources, and international trade. It combines theory with geography in addressing growth, distribution, and development, and explains their impact on international business. Portrays recent geopolitical changes and uses real-world examples.
Promotes a greater appreciation of international and U.S. economic issues through a global perspective while highlighting world trade. The fifth edition of World Economy: Resources, Location, Trade and Development has been revised to include a chapter on consumption. It emphasizes global interdependence; flexible manufacturing; the globalization of business, culture, environmental problems, and telecommunications; and the transnational corporation. It discusses the declining roles of traditional factors of production and provides the latest country-by-country economic data for all of the world's major economies.
An essential reference for any professional or business owner doing business in the world economy.
Customer Reviews:
Maps Need Some Revisions.......2007-08-03
This was a book a professor assigned for an Economic Geography class. We got the most use out of the maps throughout the book. The data was useful, however, the color sequences in the maps were not logical so it made them a little confusing to interpret untill we got used to the "mixed up legend". It was the class joke for the semester.
Book Description
What are the key foreign economic policy issues facing the United States in the second half of this decade? How can the administration and Congress meet the economic challenges that lie ahead? This new book analyzes the dramatic importance of the world economy to both the domestic prosperity and overall foreign policy of the United States, describes the new global environment (e.g., the rise of China as a global economic superpower and the completion of European unification) in which US policy must operate, and proposes major US initiatives on a wide range of international economic issues, including correction of the huge current account deficit, new trade negotiations, and energy. Individual chapters by senior staff of the Institute on each of the key topics are included.
Customer Reviews:
What America needs to do both at home and abroad.......2005-06-05
The director of the Institute for International Economics presents The United States and the World Economy: Foreign Economic Policy for the Next Decade, a scholarly and extensively researched but nonetheless emphatic treatise concerning what America needs to do both at home and abroad to adapt and profit from the ongoing transformations of an increasingly global economy. From stressing the urgency to reduce the budget deficit - a problem that has America dependent on foreign investments that are at risk of being pulled - to the need to persuade China and other Asian countries to stop blocking currency realignment, to the need to sell off oil reserves as needed and implement a substantial gasoline tax to force a reduction of US energy demand, and much more, The United Stats and the World Economy does not shy from presenting difficult yet possible solutions to highly complex problems. An absolute "must-read" for economists; regardless of whether one agrees or disagrees with the recommendations proffered, the current and impending troubles of adapting to globalization are unquestionably real and can be ignored only at America's peril.
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