Deglobalization: Ideas for a New World Economy

Walden Bello believes the world requires a radical shift towards a decentralised, pluralistic system of economic governance allowing countries to follow development strategies appropriate to their needs and circumstances. This 'deglobalization' means radically reducing the powers and roles of the existing TNC-driven WTO and Bretton Woods institutions. And requires the formation of new institutions helping to devolve the greater part of production, trade and economic decisionmaking to national and local level.