What to read after One World, Ready Or Not?

Greider explains the dynamics of the global economy in terms of human struggle of diverse peoples and nations, rich and poor alike, facing a multiplicity of opportunities and dangers. As manufacturers in search of greater returns on investment move their assembly lines to low-wage countries, the globalization of industrial production is resulting in excess supplies of goods and labor, which, in turn, exert downward pressures on prices and wages. The deregulation of cross-border capital flows has opened new opportunities for currency traders while allowing unfettered speculation on a scale that can overwhelm the resources of even major governments. Meanwhile, the high interest rates that global investors charge to finance the growing debt of rich nations threaten the modern welfare state, with the attendant risks of class conflict and social chaos.