Dunkley - One world mania: a critical guide to free trade, financialization and over-globalization

About the author

Dr Graham Dunkley has variously been a freelance journalist, worked with NGOs and been an economics lecturer at Victoria University, Melbourne. He is currently an independent writer. He is the author of The Free Trade Adventure and Free Trade: Myth, Reality and Alternatives (both published by Zed Books).

ONE WORLD MANIA

A CRITICAL GUIDE TO FREE TRADE, FINANCIALIZATION AND OVER-GLOBALIZATION

Graham Dunkley

One World Mania: A Critical Guide to Free Trade, Financialization and Over-Globalization was first published in 2016 by Zed Books Ltd, The Foundry, 17 Oval Way, London SE11 5RR, UK.

www.zedbooks.net

Copyright Graham Dunkley 2016

The right of Graham Dunkley to be identified as the author of this work has been asserted by him in accordance with the Copyright, Designs and Patents Act, 1988.

Typeset in Plantin and Kievit by Swales & Willis Ltd, Exeter, Devon

Index by Rohan Bolton

Cover design by Design Deluxe

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying or otherwise, without the prior permission of Zed Books Ltd.

A catalogue record for this book is available from the British Library.

ISBN 978-1-78360-073-1 hb

ISBN 978-1-78360-072-4 pb

ISBN 978-1-78360-074-8 pdf

ISBN 978-1-78360-075-5 epub

ISBN 978-1-78360-076-2 mobi

For Kiran

My Daughter

and

Yvonne

My Friend

Both Indispensable Computer Troubleshooters

CONTENTS

Figures

Tables

This work began life as a new edition of my 2004 book, Free Trade: Myth, Reality and Alternatives (Zed Books), but after ten years and a vastly changed world I found it too difficult to revise, so here is a whole new book, on much wider aspects of globalisation. I am profoundly grateful to Ken Barlow of Zed Books for his interest, support and time extensions to allow its satisfactory completion. I am also deeply indebted to John King, Joe Camilleri and a publishers referee for reading the entire manuscript and providing invaluable suggestions. Likewise to Gabriel Lafitte for all manner of assistance. I also wish to thank Jim Stanford, Frank Stilwell, Richard Crosbie, P.J. Gunawardana and Jamie Doughney for valuable comments on parts of the book. However, full responsibility lies with myself. The final version could not have been completed without the indispensable production assistance of Yvonne Jemmeson, Glenda Boissevain and Kiran Dunkley-Crawford, to whom I am eternally grateful, as well as to Siti Nuryanah for invaluable assistance with the graphs in the Appendix. Thanks also to Lou Connell for assistance with information.

I also wish to thank the following for permission to use graphic material: Briana Loewne of Princeton University Press for Figure 6.1, Rolph van der Hoeven for Figure 8.1 and Andrew Rose for Figure 8.3.