Dispelling the Myth of Globalization: The Case for Regionalization

In the future, some regions of the world will probably experience vigorous economic growth, while others struggle to survive. Unless the United States recognizes these probabilities and the implications of them, standards of living in this country will continue to decline. This is the warning Hazel Johnson gives in this book - an analysis of global economic trends and capital flows that reveals strong regional patterns of development. Johnson’s volume is unique in viewing the world in its entirety rather than treating one country or region at a time, and in presenting events in a historical context to explain current and probable future economic relationships among countries. The work is compelling because it dares to examine the economic behaviour of countries with a critical rather than a diplomatic eye. It should be of interest to scholars and policymakers in international finance and trade, as well as those studying development and international economics.