World on Fire: How Exporting Free Market Democracy Breeds Ethnic Hatred and Global Instability
For over a decade now, the reigning consensus has held that the combination of free markets and democracy would transform the third world and sweep away the ethnic hatred and religious zealotry associated with underdevelopment. In this astute, original, and surprising investigation of the true impact of globalization, Yale Law School professor Amy Chua explains why many developing countries are in fact consumed by ethnic violence after adopting free market democracy.
Chua shows how in non-Western countries around the globe, free markets have concentrated starkly disproportionate wealth in the hands of a resented ethnic minority. These “market-dominant minorities” – Chinese in Southeast Asia, Croatians in the former Yugoslavia, whites in Latin America and South Africa, Indians in East Africa, Lebanese in West Africa, Jews in post-communist Russia – become objects of violent hatred. At the same time, democracy empowers the impoverished majority, unleashing ethnic demagoguery, confiscation, and sometimes genocidal revenge. She also argues that the United States has become the world’s most visible market-dominant minority, a fact that helps explain the rising tide of anti-Americanism around the world. Chua is a friend of globalization, but she urges us to find ways to spread its benefits and curb its most destructive aspects.
From the Trade Paperback edition.
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Global Investor’s PerspectiveUser Review - Vitaly Veksler - Borders
“World on Fire” is one of the most useful and interesting books I have read in a while. It provides information on who “market dominant minorities” in various corners of the world are and how they ... Read full review
World on fire: how exporting free market democracy breeds ethnic hatred and global instabilityUser Review - Not Available - Book Verdict
Globalization is not good for developing countries, insists Yale law professor Chua. It aggravates ethnic tensions by creating a small but abundantly wealthy new class and it's stimulating a new wave of anti-Americanism. ... Read full review
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World on Fire: How Exporting Free Market Democracy Breeds Ethnic Hatred and ...
No preview available - 2003