The Greatest Story Oversold Understanding Economic Globalization

Download or read book The Greatest Story Oversold: Understanding Economic Globalization written by Duncan, Stan G. and published by Orbis Books. This book was released on 2014-04-10 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: ""Free trade"" was touted as a way to make economies more efficient and productive, and a strategy that would also benefit small businesses and workers. Instead, as author Stan Duncan says, ""Corporate and political powers have contorted and stacked the decks of the financial machinery that runs the earth in such a way that rewards the rich and extracts payments from the poor.""
The Greatest Story Oversold helps general readers understand the various global economic forces at work today. In non-technical language Duncan explains the ""rules"" and general practices of transnational corporations and global lenders like the World Bank and the International Monetary Fund. He connects the dots between what happens ""here"" and what happens ""there,"" addressing the impact of specific issues like the global banking crisis, third world debt, NAFTA, and immigration.