Global Dreams: Imperial Corporations and the New World Order

Global Dreams: Imperial Corporations and the New World Order

by Richard J. Barnet

Editorial Reviews

Publishers Weekly - Publisher's Weekly
Barnett ( Global Reach ) and Cavanagh, a Fellow at the Washington, D.C., Institute for Policy Studies, start off slowly in criticizing the power of worldwide conglomerates, but they pick up speed as the book progresses. They focus on five corporations as the basis for analyzing five industries. Thus Bertelsmann and Sony are the case studies of publishing and the media and their impact on global culture; Ford, of manufacturing and workplace issues; Philip Morris, of the food business and global market; and Citicorp, of the world financial and banking system. The authors are not especially critical of the five companies profiled. Nevertheless, they effectively make their point that various forces led by technology have created a global system that is largely ungoverned and unregulated by nation-states, resulting in negative implications for most of the world's population. While eliminating jobs and cutting other costs may provide short-term gains, those policies will have negative long-term consequences even for the global giants themselves as fewer people will have the money to afford the products that are produced. (Feb.)
Library Journal
Barnet and Cavanagh, both authors of books on world economics, potently expound on multinational corporations and the ``globalization'' phenomenon. They explain how a handful of giant corporations have increased the scale and sophistication of their operations and consequently have globally accelerated cultural and economic integrating processes. The innovative aspect of this book is the way it masterfully organizes commercial activities into four ``global webs.'' It then presents profiles of five of the driving pioneers of such webs, namely Sony, Bertelsmann, Philip Morris, Ford, and Citibank. The authors parallel these cases with critical analysis showing the weakening of international relations, particularly among industrial nations. The authors conclude that though there is room for a ``global village,'' there is yet no authority that can deal with the evolving global responsibility and its new challenges. Recommended for both public and academic libraries. --Ali D. Abdulla, East Carolina Univ., Greenville, N.C.

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Publication date:
Edition description:
New Edition
Product dimensions:
1.08(w) x 6.00(h) x 9.00(d)

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