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Books > Reference & Interdisciplinary > Interdisciplinary studies > Area / regional studies
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The False Dilemma - Globalization: Opportunity or Threat (Paperback)
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The False Dilemma - Globalization: Opportunity or Threat (Paperback)
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In this powerfully persuasive book, a Latin American economist with
vast international experience argues that the economic framework of
neo-liberalism and globalization is forcing a false dilemma on the
nations of the South. The idea that these countries must integrate
their economies into the global economy by means of export-led
growth, or risk economic marginalization and stagnation, runs
counter to the actual evidence of economic history. Nor is it
inevitable that state and market be in diametric opposition. What
is more, the roots of current global economic instability lie not
in the South, but in an enduring crisis of the productivity of
capital in the G-7 countries. With clarity, wit and abundant
empirical evidence, Oscar Ugarteche explores the internal
inconsistencies of neoliberal economic theory. He argues that the
fundamental question is not whether to export, but why. And the
ultimate goal of any country's economic policy must be the
development of the internal market and the pursuit of the wellbeing
of society as a whole. These considerations, in turn, can shape the
extent and manner in which exports are promoted. Ugarteche lays out
the case for a strong, innovative and interventionist state that
mediates private interests with the larger national interest. Only
if the state invests in its people, the social and the physical
infrastructure, applied technological research and a new generation
of domestic manufacturing industry can a path of rapid growth
become possible, which integrates, rather than marginalizing, the
majority of the population, reduces poverty rather than increasing
inequality. In short, the South must reject the false logic of
globalization that there is no choice, and recognize instead that
the real folly is to integrate with the global market without
developing the internal market.
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