The fairy tale of free market globalization, in which money, goods and knowledge flow freely around the world unhindered by national borders, which has been transformed into economic science over the past 40 years, has been exposed for what it was. In this story, national governments ceded their powers of governance to international bodies that set the rules of the game. In this story of globalization, the size of the global pie grew as expected. However, the power play behind the numbers has also been revealed.
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