Making Globalization Good: The Moral Challenges of Global Capitalism
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BOOK REVIEW
Making Globalization Good: The Moral Challenges of Global Capitalism Edited by John H Dunning Oxford: Oxford University Press; 2003
Reviewed by: Jonathan P Doh Villanova University, USA
Journal of International Business Studies (2005) 36, 119–121. doi:10.1057/palgrave.jibs.8400115
Globalization is under fire, and not just from the usual suspects. Over the past several years, many scholars, policymakers, and even business executives have advanced a series of thoughtful and considered critiques of globalization from a range of perspectives. Some of these reappraisals have come from the very architects of the modern global economic system – Joseph Stiglitz, Jeffrey Sachs, Paul Krugman – who have come to re-evaluate their own established orthodoxies. It is in this context that John Dunning, arguably the most esteemed living international business (IB) scholar, has organized and edited a volume on Making Globalization Good. Dunning’s contributions to the IB field are legendary. That he would devote his energies to assembling a book on the moral relevance of global capitalism (GC) is a profound statement that should be welcomed by IB scholars who have, themselves, begun to question the field’s theoretical solvency and its relevance to contemporary global challenges (Buckley, 2002; Shenkar, 2004). The book which includes a foreword by HRH The Prince of Wales, is divided into three parts, with contributions loosely grouped according to the essays’ subjects and the authors’ backgrounds. Part One lays out the analytical framework for the volume’s main themes, and Part Two explores the challenges, opportunities, and dilemmas associated with GC, largely from the perspective of religious philosophy. Part Three is presented as a series of prescriptive statements on how global society might better organize itself in response to these challenges. Parts One and Three are likely to be of greatest interest to the IB community. Part Two, while an interesting read, speaks less to business or economic studies, and more to individual moral and ethical belief. The main argument proposed by the volume’s contributors is that modern GC is in desperate need of a new moral ecology that is more responsible and inclusive. Such a system should recognize the range of economic and social spillovers of GC, seek to attenuate many of its negative side effects, and should involve broad constituencies that have heretofore been excluded from important dialogues on globalization and its impact. While this is not an ‘IB’ book per se, it is an important anthology for those who care about the impact of IB practice and scholarship on the world around us.
Book Review
Jonathan P Doh
120
Dunning’s chapter, which opens Part One, is one of the strongest contributions, and the one most accessible to an IB audience. In it, he argues that modern GC has fallen short in a number of respects, and he advances the concept of Responsible Global Capitalism (RGC) – an inclusi
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