In Defense of Global Capitalism

Marshalling facts and the latest research findings, the author systematically refutes the adversaries of globalization, markets, and progress. This book will change the debate on globalization in this country and make believers of skeptics.

Johan Norberg is a fellow at the Swedish think tank Timbro.

Preface

7

(12)

I. Every day in every way...

19

(44)

The half truth

20

(5)

Poverty reduction

25

(6)

Hunger

31

(5)

Education

36

(2)

Democratization

38

(5)

Oppression of women

43

(4)

China

47

(4)

India

51

(3)

Global inequality

54

(6)

Reservations

60

(3)

II. ...and it's no coincidence

63

(50)

That's capitalism for you!

64

(8)

Growth-a blessing

72

(12)

Freedom or equality? Why choose?

84

(6)

Property rights-for the sake of the poor

90

(9)

The East Asian "miracle"

99

(5)

The African morass

104

(9)

III. Free trade is fair trade

113

(38)

Mutual benefit

114

(6)

Important imports

120

(8)

Free trade brings growth

128

(8)

No end of work

136

(9)

Freedom of movement-for people as well

145

(6)

IV. The development of the developing countries

151

(40)

An unequal distribution-of capitalism

152

(4)

The white man's shame

156

(7)

The case of Latin America

163

(6)

On the trade route

169

(4)

"Let them keep their tariffs"

173

(4)

The debt trap

177

(9)

The right medicine

186

(5)

V. Race to the top

191

(48)

I'm all for free trade, but ...

192

(6)

Child labor

198

(5)

But what about us?

203

(7)

Big is beautiful

210

(14)

"Gold and green forests"

224

(15)

VI. Irrational, international capital?

239

(38)

The leaderless collective

240

(9)

Regulate more?

249

(4)

Tobin tax

253

(6)

The Asian crisis

259

(5)

Instead of crisis

264

(4)

The "dictatorship of the market

268

(9)

VII. Liberalize, don't standardize

277

(16)

The right to choose a culture

278

(8)

The onward march of freedom

286

(7)

Notes

293

(14)

Index

307

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In Defense of Global Capitalism

Summary

Author Biography

Table of Contents

Supplemental Materials