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Geography of Power: Making Global Economic Policy, by Richard Peet
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This work looks at how contemporary global economic policies are made: by which institutions, under what ideologies, and how they are enforced. The author reveals the central roles played by organizations such as the IMF and the World Bank in supervising the livelihoods of over 2.5 billion people. He shows that neoliberal economic policy is enforced by a few thousand unelected and unaccountable experts in the North and has failed to deliver tolerable living conditions for the poor.
The book argues for a new geographic theory of power, exercised through dominant institutions, concentrated in hegemonic power centers. It seeks to transform the existing geography of policy-making power by exposing its structures, centers and mechanisms, critiquing its intellectual foundations, uncovering its un-democratic justifications, and passionately supporting its opponents. The conclusion makes a further positive contribution by exploring policy alternatives that point the way forward.
- Sales Rank: #1453333 in eBooks
- Published on: 2013-04-04
- Released on: 2013-04-04
- Format: Kindle eBook
Review
'Richard Peet does an excellent job of illuminating geopolitical realities by rooting them in the dynamic interaction of class structures, the nation state, and globalization. Insightful and provocative, this is a must read for both the activist and the analyst.' Walden Bello, Focus on the Global South 'Richard Peet has effectively indicted those who sit in the seats of power in our global society. By showing how power is exercised through economic institutions, ideology, and world governance arrangements, he provides an essential foundation for those who want to understand the way the world works in order to bring change. It is a lucid picture - a clear "geography of power" - that is most useful.' Arthur MacEwan, University of Massachusetts 'Mixing Marx and Foucault but writing more straightforwardly than either, Richard Peet puts social theory to work in an exploration of the architecture of contemporary global economic policy. Bridging grand theory and lively empirical detail, this book is well pitched at readers trying to grasp the making of economic power behind the world's daily business headlines - especially if they have a mind to change how those headlines read.' Neil Smith, The Center for Place, Culture and Politics 'Richard Peet has mapped for us a geography of power, a new kind of political geography, exposing the capitalist supernova that now dominate the global political economic landscape. His book brilliantly charts these new centres of accumulated power, their destructive capabilities and the rise of a counter-revolution against a neoliberal order seemingly intent on dragging us all into the black holes of impoverishment and disempowerment.' Michael Watts, University of California Berkeley 'The book makes an interesting and insightful contribution to contemporary debates on geography and power.' Tim Vorley, Tijdschrift voor Economische en Sociale Geografie 'recommended to scholars, students and activists who desire a globalization with substantially more equality, social justice and democracy.' Duane Swank, British Journal of Sociology
About the Author
Richard Peet is Professor of Geography at Clark University in Worcester, Massachusetts.
Most helpful customer reviews
3 of 3 people found the following review helpful.
Good read about global economics
By D.K. Thompson
Peet's work on the global economic order in Geography of Power is quite eye-opening, though some might call it overstated. He attempts to uncover to the average reader the complex processes involved in the making of global economic policies - and that is one strength of this book: it gets complex thoughts across across in fairly simple terms. Peet works within a framework built largely upon Foucault's ideas about power, splitting power into hegemonic, sub-hegemonic, and counter-hegemonic "groupings" and showing how each of these is used and in whose interest. So if you are a fan of Foucault but desire a little less technical or complex argument, this book is very helpful in giving good examples of modern instances of these various forms of power. Many readers may not be familiar with the numbers Peet uses, and the use of statistics in the opening of his book will pull the reader into the remainder of the work: how the richest 500 people in the world together own more resources than a couple billion at the bottom; the inordinate amount of control that governments in the global North have over economic policies in agencies that supposedly work to help the global South, such as the IMF and the World Bank. On that point, I would put Peet's work up there with Michael Goldman's work on the World Bank (Imperial Nature) and possibly just below David Harvey's books on similar subjects, such as Spaces of Global Capitalism and A Brief History of Neoliberalism (I find Harvey to be a more artistic and fun-to-read writer than Peet, but that primarily relates to his style of prose; Peet's content is very similar, though I find Harvey's more sophisticated analytically, partly due to his ability to build upon his 1982 masterpiece, The Limits to Capital). The real-world examples Peet applies makes this book very appealing.
The bottom line: For a short, easy-to-read summary of the complexities of power behind the growing income gap that exists between the global North and global South, read this book (particularly if you like or are interested in applications of Foucauldian notions of power). If you have to pick one book to read on global economic geography in the postmodern "neoliberal" era, I would recommend David Harvey or Neil Smith and offer Peet as supplementary material (no offense Dr. Peet; I like your work).
0 of 0 people found the following review helpful.
Neo-liberals, Neocons and Anglo-American Empire
By sandy smith
This book's author has a Regulationists' point of view which colors some of its analysis which believe that contrary to Geatanno Mosca's "Theory of the Weakness of the Mass" that the "People" via the Occupy Movement will somehow rise up against the ruling elite and institute "equality, social justice and real democracy". The author's assessment of the "Geography of Power" is, however; very accurately realized.
0 of 0 people found the following review helpful.
It arrived on early than expected and I love it.
By Fifi
great
See all 3 customer reviews...
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