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How to manage the global economy - and, more fundamentally, whether humanity wishes it to go in an ever more market-oriented, transnational corporation-dominated, and capital-footloose direction - is the most important international question of our time. In this short and trenchant history of those bodies -- the World Bank, IMF, WTO and G7 -- which have promoted this economic globalization, Walden Bello Points to their manifest failings. He then argues for a much more fundamental shift towards a decentralized, pluralistic system of global economic governance allowing countries to follow development strategies sensitive to their own values and particular mix of constraints and opportunities.

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