Real World Globalization (24th edition)

Edited by Elizabeth T. Henderson, Jawied Nawabi, Abhilasha Srivastava, and the Dollars & Sense collective

Edition: 24th
Date of publication: December 2025
ISBN: 978-1-939402-96-7
Pages: 385
Price: $55.00

Real World Globalization is an essential guide to the changing trends in global trade, investment, labor relations, and economic development. Its well-researched, clearly written articles are drawn from the pages of Dollars & Sense, the leading magazine of popular economics. They provide highly accessible analysis of global corporations, international institutions and “free trade” agreements, globalization and conditions of labor, international debt, environmental and resource issues, and alternatives to dominant policies and institutions.

This 24th edition edition is thoroughly revised and updated, with new articles on immigration, labor struggles, and the global economy. 

Its distinguished list of contributors includes James M. Cypher, Gerald Epstein, Jayati Ghosh, Arthur MacEwan, John Miller, Thomas Palley, Robert Pollin, Vijay Prashad, and many others.

Praise for Real World Globalization:

“As textbooks become more conservative and less topical, I find that Dollars & Sense readers are more useful than ever in my undergraduate classes. They are jargon-free, up-to-date, and inexpensive, as well as consistently and thoughtfully progressive. I recommend them highly.” —ROBIN HAHNEL, American University

“The articles provide students with access to current economic issues, along with a progressive framework. The writing is always good. Students always find them to-the-point, and learn a lot from them.” —BILL GANLEY, State University of New York–Buffalo

“Real World Globalization is an indispensable tool for understanding the social impacts of the new global economy, both domestically and internationally, and is written in a language and style that’s accessible yet without compromise of rigor or principle.” —GERALD SUSSMAN, Portland State University

TABLE OF CONTENTS:

• CHAPTER 1—CRITICAL PERSPECTIVES ON GLOBALIZATION
  • 1.1 The Global Economy: Background for Today
    Arthur MacEwan
  • 1.2 Neoliberalism as Neocolonialism
    Jayati Ghosh
    
  • 1.3 Inequality in the World
    Arthur MacEwan
  • 1.4 Globalization in Crisis
    John Miller
    
    
• CHAPTER 2—INHERENT CRISES OF CAPITALISM
  • 2.1 The “Emerging Economies” Today
    An Interview with Jayati Ghosh
  • 2.2 “Secular Stagnation” Continues
    John Miller
  • 2.3 German Wage Repression
    John Miller
  • 2.4 “Everything Is Connected to Everything Else”
    Arthur MacEwan
    
  • 2.5 Unnatural Disaster
    Débora Nunes
    
    
• CHAPTER 3—CORPORATE POWER AND THE GLOBAL ECONOMY
  • 3.1 Control the Vampire Companies
    Jayati Ghosh
  • 3.2 Monopoly Everywhere
    Armağan Gezici
  • 3.3 If Corporations Are People, What Kind of People Are They?
    Geoff Schneider
  • 3.4 Multinationals and Oil Companies Are Imposing Their Greed on the People of Mozambique
    Vijay Prashad
    
  • 3.5 Ensuring Fairer International Corporate Taxation
    Anis Chowdhury and Jomo Kwame Sundaram
  • 3.6 Mixing Oil and Water: How the Political Economy of Energy and Food Links Southern California and Saudi Arabia
    Bill Barclay
    
    
• CHAPTER 4—INTERNATIONAL TRADE AND INVESTMENT
  • 4.1 The Gospel of Free Trade
    Arthur MacEwan
  • 4.2 Weaponizing Free Trade Agreements
    Anis Chowdhury and Jomo Kwame Sundaram
  • 4.3 Comparative Advantage
    Ramaa Vasudevan
  • 4.4 The United States Has Given Protectionism a Bad Name
    William G. Moseley
  • 4.5 Local, or Far Away?
    Arthur MacEwan
    
  • 4.6 Some Elements of a Progressive International Trade Policy
    Arthur MacEwan
    
    
• CHAPTER 5—INTERNATIONAL FINANCE
  • 5.1 SWIFT, the U.S. Dollar, and the Global Political Economy of Trade
    Bill Barclay
  • 5.2 Inflation Targeting and Neoliberalism
    An Interview with Gerald Epstein
  • 5.3 Credit Squeeze
    Justin Villamil
  • 5.4 Crypto: What Is It and What Is the Fuss All About?
    Gerald Epstein
  • 5.5 Is the World Cup Worth It?
    Saurav Sarkar
    
    
• CHAPTER 6—INTERNATIONAL INSTITUTIONS
  • 6.1 The International Monetary Fund and World Bank
    The Dollars & Sense Collective
  • 6.2 The World Trade Organization
    The Dollars & Sense Collective
  • 6.3 The European Union and the Eurozone
    The Dollars & Sense Collective
  • 6.4 Schizophrenia at the International Monetary Fund
    Jayati Ghosh
    
    
• CHAPTER 7—LABOR IN THE GLOBAL ECONOMY
  • 7.1 The Globalization Clock
    Thomas Palley
  • 7.2 Globalization and the End of the Labor Aristocracy
    Jayati Ghosh
  • 7.3 Transnational Capital and Transnational Labor
    An Interview with William K. Tabb
  • 7.4 Outsized Offshore Outsourcing
    John Miller
  • 7.5 Short Staffing
    Mike Prokosch
  • 7.6 No Friendship in Trade
    Sasha Breger Bush
    
    
• CHAPTER 8—MIGRATION
  • 8.1 Walled Off From Reality
    John Miller
  • 8.2 Mass Deportations Drain Economic Growth
    John Miller
    
  • 8.3 “Migration Is a Form of Fighting Back”
    David Bacon
    
  • 8.4 Climate Change and the Immigration Debate
    Lyuba Zarsky
    
  • 8.5 As Honduras Collapses, Its People Are Forced to Flee
    Laura Carlsen
  • 8.6 Poverty and Deportees on the Streets of Tijuana
    David Bacon interviews Laura Velasco
    
    
• CHAPTER 9—CHALLENGES IN ECONOMIC DEVELOPMENT
  • 9.1 Measuring Economic Development: The “Human Development” Approach
    Alejandro Reuss
  • 9.2 Famine Myths
    William G. Moseley
  • 9.3 Land Reform: A Precondition for Sustainable Economic Development
    Jawied Nawabi
  • 9.4 Capital Flight from Africa: What Is to Be Done?
    James K. Boyce
  • 9.5 The Changing Face of Foreign Direct Investment
    Jayati Ghosh
  • 9.6 Another False Start in Africa with Green Revolution Myths
    Timothy A. Wise and Jomo Kwame Sundaram
  • 9.7 The Potential of Tax Reform in Latin America
    C.P. Chandrasekhar and Jayati Ghosh
    
    
• CHAPTER 10—THE STATE, DEVELOPMENT, AND GLOBALIZATION
  • 10.1 What Ever Happened to Development?
    Jawied Nawabi
  • 10.2 Latin America Needs an Efficient Developmentalist State
    An Interview with Matías Vernengo
  • 10.3 Confronting Neoliberalism at Last: Power vs. Policy in Gabriel Boric's Chile
    James M. Cypher
  • 10.4 Dangerous Inflection Point: Is China’s Growth Model Exhausted?
    Bill Barclay
    
    
• CHAPTER 11—THE POLITICAL ECONOMY OF EMPIRE
  • 11.1 Colonialism, “Underdevelopment,” and the International Division of Labor
    Alejandro Reuss
  • 11.2 Does U.S. Prosperity Depend on Exploitation?
    Arthur MacEwan
  • 11.3 Puerto Rico’s Perfect Storm: Colonialism, Privatization, and Trump
    Arthur MacEwan
  • 11.4 “Tied” Foreign Aid
    Arthur MacEwan
  • 11.5 Haiti’s Fault Lines
    Marie Kennedy and Chris Tilly
    
    
• CHAPTER 12—NATURAL RESOURCES AND THE ENVIRONMENT
  • 12.1 Can We Afford a Stable Climate?
    Frank Ackerman
  • 12.2 Solving the Climate Crisis with Nuclear Energy Won't Work
    Robert Pollin
  • 12.3 Is Economic Growth Ecologically Sustainable?
    Arthur MacEwan
  • 12.4 The Highway to Climate Hell
    John Miller
  • 12.5 Imperialism and Natural Resources
    Prabhat Patnaik
  • 12.6 Farmers Halt a Land Grab in Mozambique
    Timothy A. Wise
    
    
• CHAPTER 13—RESISTANCE AND ALTERNATIVES
  • 13.1 Equality, Solidarity, Sustainability
    An Interview with Jayati Ghosh
  • 13.2 After Horror, Change?
    John Miller
    
  • 13.3 A Battle over Copper in Colombia
    Austin Landis
  • 13.4 Worker Power Comes from Workers
    Amanda Page-Hoongrajok