Real World Economic Outlook The Legacy of Globalization: Debt and Deflation

Real World Economic Outlook is a yearly publication that will review issues in the global economy from a different, radical and more realistic perspective. In stark contrast to the output of other institutions like the IMF and World Bank, this annual report is written in an accessible way, informing and offering alternative analyses of the global economy to a wide audience.
Real World Economic Outlook 2003's theme is globalization's true legacy: debt deflation. Globalization is examined not as a spontaneous event of economic and technological combustion, but as a deliberate strategy to place finance at the centre of our communities - whether local, national or global. The legacy of this strategy has proved disastrous. Individuals, households, governments and corporations have collectively been lured into a quagmire of debt and deflation.

Contents PART I: GLOBAL TRANSFORMATION AND GLOBAL OUTLOOK
Making Sense of our World; A.Pettifor
Globalization and its Consequences; R.Greenhill
Real World Economic Outlook; R.Greenhill
Real World Environmental Outlook; A.Simms
Inflation Paranoia, Slicing and Dicing Risk; J.Stiglitz
PART 2: REAL OUTLOOK FOR THE WORLD'S REGIONS
Middle East; E.Yeldan
South and Central America; F.Serrano
North America; D.Baker
South Asia; J.Ghosh
East Asia; K.S.Jomo
Europe; J.Bush
Africa; Z.Randriamaro
PART 3: GLOBALIZATION AND ITS INCONSISTENCIES
Globalization and its Inconsistencies; H.Daly
Primitive Accumulation Revisited; G.Sen
The Well-being of Nations; N.Marks
Poverty and Income Distribution: What is the Evidence?; R.Wade
Globalization: Economic Stagnation and Divergence A.Freeman
PART 4: RISE OF THE FINANCE SECTOR
Debt and Delusion; P.Warburton
The Dollar Bill: Who Picks up the Tab?; M.Hudson
The US Economy: A Changing Strategic Predicament; W.Godley
Why Financial Markets Misbehave; D.Rodrik
Globalizing Money: Dollarization in Latin America; F.Serrano
Localizing Money - Alternative Currencies; D.Boyle
Financial Architecture in the 20th Century; A.Pettifor
Financial Architecture in the 21st Century?; J.d'Arista
PART 5: NEW ERA?
Framework for Economic Justice and Sustainability; A.Pettifor & R.Greenhill
Author BiographiesANN PETTIFOR is Director of Jubilee Research at the New Economics Foundation. She co-founded the Jubilee 2000 movement for the cancellation of the debts of the poorest countries. Jubilee 2000's global petition collected over 24 million signatures. In 2000, Ann Pettifor was awarded an honorary doctorate by the University of Newcastle and she received an honorary Masters from the Archbishop of Canterbury the following year.