How to manage the world economy--and, more fundamentally, whether humanity wishes it to go in an ever more market-oriented, transnational corporation-dominated and capital-footloose direction - is the most imporant international question of our time. In this short and trenchant history of those bodies - the World Bank, IMF, WTO and Group of Seven--which have promoted this economic globalization, Walden Bello
- points to their manifest failings
- examines the major new ideas put forward for reforming the management of the world economy
- argues for a much more fundamental shift towards a decentralized pluralistic system of global economic governance allowing countries to follow development strategies sensitive to their own values and particular mix of constraints and opportunities

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