The Global Trap: Globalization and the Assault on Prosperity and Democracy

The Global Trap: Globalization and the Assault on Prosperity and Democracy

In his groundbreaking book, The Global Trap, renowned economist and political commentator Branko Milanović argues that globalization has failed to deliver on its promises of prosperity and democracy. Instead, he contends that it has led to a widening gap between the rich and the poor, a decline in the middle class, and a rise in authoritarianism.

Milanović draws on a wealth of data and evidence to support his claims. He shows that while globalization has lifted millions of people out of poverty in developing countries, it has also led to a sharp increase in inequality within those countries. The richest 1% of the global population now owns more wealth than the bottom 99% combined.

In developed countries, globalization has led to a decline in the middle class and a rise in low-wage service jobs. This has contributed to a sense of economic insecurity and resentment among many voters, which has in turn fueled the rise of populist and authoritarian leaders.

Milanović argues that the current system of globalization is unsustainable and that it is leading the world towards a global crisis. He calls for a new form of globalization that is more inclusive and sustainable, and that puts the needs of people before the profits of corporations.

Why You Should Read The Global Trap

The Global Trap is a must-read for anyone who wants to understand the challenges facing the global economy and democracy. Milanović's analysis is clear, concise, and persuasive, and he offers a compelling vision for a more just and equitable world.

Here are a few reasons why you should read The Global Trap:

• It's a wake-up call about the dangers of globalization. Milanović shows that globalization has failed to deliver on its promises of prosperity and democracy, and that it is actually making the world a more unequal and dangerous place.
• It offers a clear and concise analysis of the global economy. Milanović's writing is accessible to non-economists, and he does a great job of explaining complex economic concepts in a way that is easy to understand.
• It provides a compelling vision for a more just and equitable world. Milanović argues that we need a new form of globalization that is more inclusive and sustainable, and that puts the needs of people before the profits of corporations.

If you're concerned about the future of the global economy and democracy, then I urge you to read The Global Trap. It's a book that will change the way you think about the world.

Praise for The Global Trap

"A powerful and provocative book that challenges the conventional wisdom about globalization. Milanović shows that globalization has not only failed to deliver on its promises of prosperity and democracy, but that it is actually making the world a more unequal and dangerous place. A must-read for anyone who wants to understand the challenges facing the global economy and democracy." —Joseph E. Stiglitz, Nobel laureate in economics

"A brilliant and devastating critique of globalization. Milanović shows that globalization has not only failed to reduce inequality, but that it has actually made it worse. A must-read for anyone who cares about social justice." —Thomas Piketty, author of Capital in the Twenty-First Century

"A powerful and important book. Milanović argues that globalization is not only failing to deliver on its promises, but that it is actually making the world a more unequal and dangerous place. A must-read for anyone who wants to understand the challenges facing the global economy and democracy." —Paul Krugman, Nobel laureate in economics

Order Your Copy of The Global Trap Today!

The Global Trap is available now in hardcover, paperback, and e-book. Order your copy today and start learning about the dangers of globalization and how we can create a more just and equitable world.