Globalization: A Very Short Introduction (Very Short Introductions) 4th Edition by Manfred B. Steger (Oxford University Press)

Steger begins by defining the term "globalization": A "set of processes" (not a "condition") towards greater interdependence and integration among the various cultures of the world. He makes a point to emphasize that economics is only ONE aspect of globalization: there are also political, cultural and ideological aspects. Moreover, he dedicates one chapter to showing that globalization is by no means a NEW phenomenon: cultural exchanges can be traced back to the prehistoric period.

I found the chapter on the economic aspects of globalization (chapter 3) very useful. It explains the history and role of the IMF, WTO and the World Bank in the global economy. It also discusses the West's transition from "controlled economies" to "free market capitalism." Arguing that globalization is an uneven process, the author shows how it is having very different effects on the various regions of the world. This gives us a clear vision of some of the negative impacts of the new world economy, such as a larger gap between rich and poor nations. His realistic view of globalization is a nice antidote to the cheerleading of hyperglobalizers like Thomas Friedman.

The chapter on opposition to globalization (chapter 7) does an excellent job of explaining challenges that are coming from both the right and the left. The particularist protectionists (on the right) feel threatened by multiculturalism because they want to maintain a sort of cultural purity. This often leads to their rallying against immigration and appealing to nationalism. However, like the left, they also criticize the power of the corporate elite and the negative effects globalization is having on the average domestic worker (i.e., jobs going overseas, lower wages). In the US, Pat Buchanan is a good example of this view. The universalist protectionists (on the left) tend to criticize the poor working conditions of both domestic and foreign workers. In general, universalist protectionists "are concerned with protection of the environment, fair trade and international labor issues, human rights, and women's issues." Ralph Nader is an example of a universalist protectionst.

Overall, an excellent introduction to the various facets of one of the most important issues of our time.