Overview

In Poverty from the Wealth of Nations , the author presents an analysis of the evolution of global disparities that goes beyond the earlier neo-Marxist critiques of global capitalism. He moves beyond their narrative by inserting two additional asymmetries into the global economy - those created by 'unequal races' and unequal states. The author analyzes not only the power of markets, but the powers that shaped these markets. More importantly, he marshals cross-country evidence to show that loss of sovereignty retarded industrialization, human capital formation and economic growth.

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9780312230180

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Reviews

'This powerful and persuasive book is must reading for anyone who wants to fathom the origins and contours of international inequality and conflict in our times.' - Professor John Adams, Center for Asian Studies, University of Virginia 'Everyone who believes that colonialism was good for the colonized people should read this book. [It] challenges the notion that global integration and an unfettered market transformed backward regions and modernized their society, economy and polity.' - Professor Keith Griffin, Department of Economics, University of California at Riverside

'This powerful and persuasive book is must reading for anyone who wants to fathom the origins and contours of international inequality and conflict in our times.' - Professor John Adams, Center for Asian Studies, University of Virginia 'Everyone who believes that colonialism was good for the colonized people should read this book. [It] challenges the notion that global integration and an unfettered market transformed backward regions and modernized their society, economy and polity.' - Professor Keith Griffin, Department of Economics, University of California at Riverside

Author Information

M. Shahid Alam is Professor of Economics at Northeastern University.

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