How to manage the global economy - and, more fundamentally, whether humanity wishes it to go in an ever more market-oriented, transnational corporation-dominated, and capital-footloose direction - is the most important international question of our time. In this short and trenchant history of those bodies—the World Bank, IMF, WTO, and Group of Seven—which have promoted this economic globalization, Walden

• Points to their manifest failings;
• Examines the major new ideas put forward for reforming the management of the world economy;
• Argues for a much more fundamental shift towards a decentralized, pluralistic system of global economic governance allowing countries to follow development strategies sensitive to their own values and particular mix of constraints and opportunities.