One World Mania

A Critical Guide to Free Trade, Financialization and Over-Globalization

Graham Dunkley


A clear and comprehensive overview of the issues surrounding free-market economic policies and the problems of global integration.

In this much-needed book, Graham Dunkley challenges the oft-repeated notion that free trade and global integration are the best means of development for all nations at all times – an idea that has proved even more misguided in the wake of the global financial crisis. By contrast, Dunkley reveals – through a wide range of statistical analysis and case studies – that at best the evidence is mixed. Looking systematically at issues such as trade-led growth, supply chains and financialization, One World Mania reveals the many problems that over-globalization has caused, often at great human cost.

An indispensible guide for anyone wishing to understand the shortcomings of current global economic policies.

Author Bio

Dr Graham Dunkley has variously been a freelance journalist, worked with NGOs and been an economics lecturer at Victoria University, Melbourne. He is currently an independent writer. He is the author of The Free Trade Adventure and Free Trade: Myth, Reality and Alternatives (both published by Zed Books).

Table of Contents

  • Introduction
  • 1. Complexity, Mythology and Over-Globalization: An Overview of Global Integration
  • 2. The Perennial Debate: Free Trade and Globalization in Thoery and History
  • 3. The Biggest Game on Earth: The Myth of Trade-Led Growth
  • 4. Converting the World to Capitalism: The Rise and Fall of the Washington Consensus
  • 5. A Planet in Chains: Capital, Supply Chains and the Economy of Nowhere
  • 6. The Dark Lords of Money: Financial Globalization, Crises and Insanity
  • 7. Globalization and People: The Many Costs of Global Integration
  • 8. One World Mania: The Problems of Excessive Global Integration
  • Conclusion
  • Appendix: Economic Growth Rates – Selected Countries, 1960 to 2013


‘A scholarly debunking of the vastly overrated benefits of free trade and globalisation. Dunkley shows that mainstream economic theory has sold the world yet another dud.’
Steve Keen, author of Debunking Economics

‘Provides a beautifully written, evidence-based argument that the economic benefits of globalization have been exaggerated.’
Robert H. Wade, London School of Economics

'Capitalist globalisation needs a supporting ideology … Challenging that ideology by scrutinising the actual effects of globalisation is fundamentally important. Graham Dunkley’s contribution is the latest in a long line of books seeking to do so, and it is one of the very best. … This is a powerful critique of capitalist globalisation, its ideology of free trade and "globalisation pacts".'
Frank Stilwell, Australian Political Economy

Praise for Graham Dunkley's Free Trade: Myth, Reality and Alternatives:

'This thought-provoking book is a valuable contribution to one of the greatest debates of our time.'
Ha-Joon Chang, author of 23 Things They Don't Tell You About Capitalism


Publication Date: 15 October 2016
360 pages

Product ISBNs: Paperback: 9781783600724
Hardback: 9781783600731
eBook ePub: 9781783600755
eBook PDF: 9781783600748
eBook Kindle: 9781783600762

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