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Review: The principal strength of this introductory text is its systematic organization around the idea of successive developmental and globalization projects as schemes for economic advancement. McMichael gives an excellent account of the assumptions and key mechanisms of post-war national developmentalism, and the international institutions which supported and promoted it. He then traces its collapse in the 1970s, and the manner in which the debt crisis was turned to advantage by the proponents of globalization. This entailed a shift of emphasis from national development to competitiveness in the world market, giving rise to new roles for the IMF and the World Bank, and to the creation of new institutions such as the World Trade Organization. The text is enhanced by numerous brief illustrative cases, highlighted key definitions, and summary figures, and I would certainly adopt it alongside standard introductions to both Third World politics and international political economy.

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However, the conclusion is disappointing. The development project becomes a 'development myth', and the contemporary alternatives to its successor are cast in terms of globalism versus localism. This is unnecessarily restrictive, missing debates within global liberalism as well as possible social democratic and socialist alternatives. It is, therefore, more disempowering than McMichael intends.

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Main point of the book is to understand the \"development project\" as a Western project primarily concerned with and driven by economic self-interest and advancement on the part of Western societies. The \"development project's\" failure in the 1970s allowed Western countries to reconfigure the project along the lines of economic competitiveness in the world market (leading into globalisation). In turn, Western countries created new powers for orgs. such as IMF, World Bank, and even developed new orgs. such as WTO.

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This Western model of development has some inherent assumptions; first and foremost it privileges the economy at the expense of alternative methods of organising society or social life (such as ecological (he is particularly interests in the ecological destruction caused by development and ecological sustainability, community-first); -- as the project has come under increasing question, we are asked what alternative forms might be better? The underlying feeling is that the development project has worked primarily to the disadvantage of Third World countries but has been positive for First World countries; First World has again exploited the Third World.

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Unfortunately, he sees only two solutions to the-- globalisation at one end (a process that will continue to disadvantage the Third World) and localism at the other end. These two alternatives seem to be too restrictive. He seems more a proponent of localism as a means of fostering ecological sustainability.

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This is just a quick note to see what it looks like online...

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1.1 - 80 wealthiest as wealthy as 3.5 billion

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The 80 wealthiest people in the world altogether own $1.9 trillion, the report found, nearly the same amount shared by the 3.5 billion people who occupy the bottom half of the world’s income scale.

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1.0 - 1% owns 50%+ of global wealth.

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The richest 1 percent are likely to control more than half of the globe’s total wealth by next year

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