Wetherly and Otter: The Business Environment 
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Additional casesWetherly and Otter: The Business Environment
Chapter 12
Stiglitz, J. (2002) Globalization and its Discontents (London:
Penguin) - Stiglitz argues from a structuralist perspective. In
theory, globalization should improve living standards for all,
but the way in which globalization is managed, especially at
the global level, needs to be reformed and he is particularly
critical of the role of the IMF and World Bank in promoting
free markets without putting in place the rules and
regulations to ensure fairness.
Stiglitz, J. and Charlton, A. Fair Trade for All - How Trade Can
Promote Development (Oxford: Oxford University Press) -
The authors show what they feel is needed if trade is to be
genuinely fair.
Friedman, T. (2000) The Lexus and the Olive Tree (London:
Harper Collins) and The World is Flat (2006) (London:
Penguin). Friedman advocates that the free market is the only way to
break down the traditions that hold back economic growth.
In the former book he argues that whilst it is the case that
many people fear that globalization forces them to alter
their behaviour, it is a 'golden straightjacket' to force us to
economic success. The latter book reinforces his view that
globalization will reduce inequalities.
Isaak, Robert A. (2005) The Globalization Gap - How the Rich
Get Richer and the Poor Get Left Further Behind - Isaak argues
that globalization does cause severe inequality and argues for
a better system to shape globalization in the interests of all.
Wolf, Martin (2004), Why Globalization Works - An economics
journalist working for the FT, Wolf uses data he has collected
since the 1980s to show that globalization increases living
standards both within countries and across countries.
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