Economic Globalization Book Review

The Unequal economic globalization

A book review of The Globalization of Poverty And New World Order

Xun Zuo

8685997

11 March 2018

Introduction

At the beginning of the 21st century, globalization has become a major trend in the development of human society. When people generally feel that the first global era has arrived. In particular, the process of economic globalization is showing a trend of accelerating and deepening in the modern world. Countries and regions in the world have been affected by different degrees and different forms. From the perspective of social and historical development and progress, including economic globalization has positively progressed throughout the globalization process(Rodrik, p.81).

While bringing positive changes to the world today, due to its rapid development, it has inevitably accompanied and produced a series of serious problems. These problems include the polarization of wealth, the global impoverishment, and the marginalization of less developed countries. This is "an economic and social crisis of unprecedented scale.”(Chossudovsky, p.1)

What are the negative effects of globalization(especially, economic globalization) and how will these influences change the world?Why the this crisis initiated, whether it will end, and how it will end, this is the issue that this article will explore.

In this crisis, many problems are unadjustable or difficult to adjust. The reason for this is that there are structural flaws in globalization, and such defects cannot be compensated in the short term. If we really want to eradicate poverty and achieve progress in human civilization, we must address this defect and fundamentally “end” unequal economic globalization.This does not mean negating the entire process of globalization, but that globalization (especially economic globalization) needs

With the advancement of science and technology, the pattern of wealth in the world will be extremely uneven in terms of innovation and technology diffusion. This means that people who make up about one-third of the world 's population may be irrelevant to technology. They can neither innovate at home nor adopt a foreign technology. A wealthy industrial country holds the vast majority of patents in the world, and technologies that have not been developed are impossible to be invented by developing countries which do not have a high-end industrial