A fascinating response to critics of globalization

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	• Fighting the Wrong Enemy : Antiglobal Activists and Multinational Enterprises (Praeger Special Studies in ... Edward M. Graham Institute for International Economics, 2000 - 255 pages average customer review:based on 1 review view larger image
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A fascinating response to critics of globalization

Professor Graham does an excellent job of sifting fact from fiction on the topic of globalization. Although he admits that globalization has its problems, he demonstrates that many of the arguments advanced by the critics of this historical process are not correct. He points out accurately that globalization is inevitable and humanity would be better served by efforts to correct the problems associated with it, rather than by a futile attempt to derail it. As so many other writers have observed with regard to the capitalist system, it is generally a force for good in the world--as long as we address its failings. To put a stop to it would greatly add to human misery, rather than alleviating it.

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Antiglobalist forces have been gaining ever greater momentum in recent years in their efforts to reverse what they view as the negative effects of an integrating global economy, with the 1999 WTO meeting in Seattle serving as an example. Their influence was felt earlier when efforts to create a Multilateral Agreement on Investment (MAI) ended in failure in 1998 after France left the bargaining table at the Organization for Economic Cooperation and Development, effectively killing the initiative. In this study, through an evaluation of the MAI itself and the issues raised by its opponents, Edward M. Graham takes a fresh look at the growing backlash against globalization. He first explores whether the MAI negotiations failed due to political maneuvering by antiglobalist nongovernmental organizations (supported by US organized labor) or because of irreconcilable differences among the negotiating parties over the substance of the issue of foreign direct investment. He then objectively and thoroughly assesses antiglobalist assertions that the activities of multinational firms have had negative effects on workers both in the home (investor) and host (recipient) nations, with a special focus on developing nations.

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