Why Globalization Works, by Martin Wolf

A readable and very useful introduction to the Western economic universe.

One can visualize Martin Wolf's 'Why Globalization Works' as a Rambo-style bandoleer of gleaming brass bullets, to be used against the ill-informed, fanatical and often unacceptably hairy opponents of free markets.

He provides a lot of powerful ammunition. Being a trained economist and a good writer, a great part of the value of the book lies in the way he points out the extremely counter-intuitive effects of government policies in layman-friendly terms.

A very simple example is the use of a minimum wage policy, which simply leads to fewer people being hired.

Another is the discussion of the highly regulated, highly taxed countries...

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