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The deepest critic of the "globalization", "free trade".Review Date: 2008-07-08
Brilliant, but preaching to the converted (3.8-ish stars)Review Date: 2007-10-06
A. SUBSTANCE
Some of the main themes:
@@ There is more than one way of organizing a market system, and more than one way of organizing a democracy. Politics is more fundamental than economics -- government sets the conditions in which markets function. The current free trade regime seeks to entrench the particular forms of North Atlantic democracy, of its intellectual property regime, and of a market system based on the current Western-style financial markets; it seeks to enforce global institutional convergence. RMU calls the principles of the current trade regime the "functional equivalent to the [19th Century] gold standard," e.g. @157ff.
@@ A better free trade regime should encourage and tolerate experimentation with market and political institutions. Developing countries should be able to experiment with "heretical" ideas, to construct "shields over heresy" through use of government interventions, and even to opt out of trade arrangements through specialized bilateral agreements. In one of his few concrete comments about the trade regime, RMU says that he favors a regime that is more like the GATT than the WTO.
@@ The goal of a trade regime should be to encourage diversity and experimentation, not just efficiency. The movement of people and ideas is vastly more useful than the movement of things and capital as a source of greater equality, as well as of greater wealth and power, for all mankind (@209). Free trade isn't a goal in itself, but rather should be a means for improving the lot of humanity, especially for working men and women.
I especially enjoyed RMU's pointing out that defenders of free trade take it for granted that the world is divided into separate nations, when obviously trade would be more efficient if nations didn't exist (@44ff). Similarly, trade would be more efficient if people could move freely to wherever they could get paid more; yet the current regime relies on this not being the case, and on there being great inequalities in how wage laborers are compensated for their efforts.
RMU doesn't actually advocate the abolition of national borders, or that free international movement of labor be permitted in one fell swoop. Rather, his point is to show that current market system and free regime trade aren't "natural facts" -- they rest on a foundation of contingency and choice, on "our wills and imaginations" (@45, echoing Schopenhauer). This opens the door to re-imagining them.
B. PRESENTATION
1. Unfortunately, RMU's literary style is more often mind-numbing than stirring, even when he seems poised to rile us up: E.g., @138:
"A fateful question is thus presented to us. Shall we remain condemned to attenuate the inequalities and exclusions produced by the division between advanced and backward sectors of each national economy? And to attenuate them through the two traditional devices of state support for the diffusion of small-scale property and business and of governmental commitment to compensatory redistribution through tax or transfer? Or will we, instead, succeed in overcoming this division through governmental, social, and private initiatives that enable the accelerated experimentalism of the advanced sectors to flourish far beyond the boundaries of the limited social and economic terrain in which they have flourished so far?"
If your heart beats faster to read that, you'll love this book.
2. Most arguments are presented with a Talmudic intensity of dialectic. The good of that is that RMU anticipates and replies to many objections to his arguments. The bad of that is that you'll need to hack through those layers of objections and counter-objections without first being given any roadmap of where you're headed. Nor are there any typographical cues to remind you that you're in the middle of, say, the second of "three roots of plasticity" described in the reply to the 3rd of 4 "objections" to the first of 3 "theses" (@128). Also, there's a great deal of repetition in the text. E.g., Chapt. 3 could easily have been edited into oblivion, since most of its ideas are already in Chapts. 2 or 4 (or both). Or consider the "twin evils" haunting restraints on trade, which are twice defined @139.
3. The book's terminology is often quaint. You'll find Adam Smith's pin factory, a reference to Ford's assembly lines, and plenty about "machines", but nothing about chips, software or the Internet. Sentences like "[The established forms of the market economy] make the goal of expanding access to the means of production hostage to the eternity and the absoluteness of the conventional property right" (@192) made me nostalgic for my college days in the '70s, when you could impress girls by quoting György Lukacs. (And remember RMU's gold standard analogy? Another rhetorical misfire is the pallid echo of W.J. Bryan's 1896 "cross of gold" speech in the book's concluding sentence, "We will not shackle humanity to free trade," @221.)
4. Aside from a few broad references to China and India, there are almost no references to modern examples. Not that there are many references to much else -- there are only 6 non-discursive footnotes in the book, four of which point to other writings by RMU. If you agree with RMU and want to back up his arguments with facts, you'll need to find them on your own.
Since RMU has spent the past 30+ years on the faculty of one the top US law schools, it's surprising he's so lacking in the persuasive techniques that are lawyers' daily bread, such as easy-to-follow arguments, a strong evidentiary foundation, and vivid, concrete images that stick in the mind. I was hoping until the end for a modern parable to replace the pin factory, but no such luck. The best RMU can muster, a "factory of innovation" (see @96ff), remains an abstraction.
Readers who are disposed to agree with RMU will read into his innumerable abstractions examples that confirm their beliefs. Those who aren't yet convinced may read something entirely different into the text, if they stick with reading it at all. Sadly, the latter group includes most of the folks who help maintain the status quo -- exactly the people whose minds need changing.
C. BTW: Finally, I'm told by the publisher, who owns the copyright, that the entire text of the book will be available for free online at RMU's Harvard website during the first year of the book's release (though you'll need a search engine to find the link). I found the link by accident after I had bought the book. I confirmed that the publisher consented to this; RMU's goal was to make the book available to readers in poorer countries. (RMU could have chosen a publisher who'd let him retain ownership, so the praise goes to Princeton for their generosity.) I'm not sure why RMU couldn't have had the free access period precede the book's release in print, rather than overlap it. But now you know.

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Insightful!Review Date: 2004-08-04
A hands-on advisory guideReview Date: 2004-04-05


Well done ayse oge !Review Date: 2000-01-17
Go Global to Win by Ayshe OgeReview Date: 1999-12-27

Read When I was a KidReview Date: 2003-09-25
invaluable resourceReview Date: 2003-04-21

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VERY INFORMATIVE - FILLED WITH PRACTICAL TIPSReview Date: 2007-10-09
Its GoodReview Date: 2006-05-20


Int'l Marketing & export ManagementReview Date: 2006-01-13
Great ServiceReview Date: 2005-09-30

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If you are serious about global marketing strategiesReview Date: 1998-10-07
International MarketingReview Date: 2000-10-17


Clear exposition - a good textReview Date: 2000-04-28
The book uses - at least for me - an extremely useful approach to studying the rudiments of trade theory: after reviewing the standard concepts from consumer and producer theory, it provides a set of sufficient conditions that jointly determine the no-trade world. The core of the text then relaxes each of the mentioned conditions while keeping the others valid, showing why trade arises and at the same time providing a very clear overall picture. All models are discussed in a non-technical way but still with a fair amount of rigour, clearly stating the assumptions and proving the propositions.
The idea of using the revealed preference to show the existence of gains from trade in various settings is defenitely sth worth examining.
The trade policy part offers a chapter on strategic trade policy to shake the validity of the standard "trade barriers are harmful" belief from a perpective that is usually not presented by competitive texts.
Still, two elements could be improved: the part on the link between trade and economic growth is not very readable. Maybe the authors could do sth more about it by using algebra. Secondly, although the concept of intra-industry trade is discussed on many occasions, the authors could consider devoting an additional chapter to it just to summarise the already mentioned ideas.
To conclude: I consider the book as being better than, say, Krugman's or Salvatore's probably more popular texts.
great text!Review Date: 2002-11-29


Brilliantly written history of The Princely HongReview Date: 2004-01-24
Jardine Matheson is a British company whose prodigious trading activities were responsible for helping maintain a delicate balance of trade for Great Britain during the nineteenth century. A unique tripartite trade arrangement, bullion for tea and tea for opium, emerged, and the story of how this came about is as interesting as the story of Jardines.
During the 1830s, Chinese tea was in great demand in Britain, which consumed about 30 million pounds per annum. Tariffs on tea imports contributed about three million pounds annually to the British treasury; therefore, tea commerce held great political and commercial significance. However, this happy state of affairs presented a conundrum. Because the Chinese would only accept specie metals, such as silver, in payment for what an observer called 'the deleterious produce of China', the ever-increasing importation of tea from China began to considerably--and negatively--affect Britain's trade balance with that kingdom. To the Chinese kingdom's detriment and regret, the traders learned through trial and error that Indian opium was the key to maintaining the lucrative tea trade with the Middle Kingdom.
Jardine Matheson did not devise this three-sided trade, but the firm was in the right place at the right time, and was thus poised to profit immeasurably from this sort of arbitrage. The China trade made Jardines immensely powerful--so powerful, in fact, that its lobbying efforts to exact an indemnity from the Chinese government, which tried to stop the opium trade, led to the First Opium War.
This book makes an enthralling addition to business historiography, and considerably illuminates the role of private firms in economic and colonial adventurism in the Far East during the nineteenth century. For further reading, I recommend "Merchants to Multinationals: British Trading Companies in the Nineteenth and Twentieth Centuries" if one wants to delve more into how the great British trading companies adapted to a changing economic landscape.
Excellent AccountReview Date: 2001-05-20
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MY ABSOLUTELY FAVORITE BOOKReview Date: 2006-03-22
I first bought the book some years ago at a used store, then traded it for other used books (I read A LOT). AND .... regreted it ... badly! Finally a few years later I found another copy. Boy was I glad. Read it once more in 2002, and have just started reading it again now (March 06). My favorites are Sindey Sheldon, Baldacci, Ken Follett, Wilbur Smith plus plus, but NO ONE BOOK is in my opionion a greater read than Madame Cleo's Girls. Wish so much she would have written more like this. Are you still out there, Lucianne? Please ... one more book?
Good quick read you can't put downReview Date: 1998-10-24
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Mangabeira Unger makes the deepest critic of the "globalization", "commodification" by bringing up, indirectly, this Marxist category that also revitalizes the "producers association" (the original regulating agencies), and the "liberty reign".