How Globalization Spurs Terrorism: The Lopsided Benefits of "One World" and Why That Fuels Violence

By Fathali M. Moghaddam | Go to book overview

CHAPTER 5
Fractured Globalization:
Globalization in Practice

Things fall apart; the centre cannot hold
Mere anarchy is loosed upon the world.

—William Butler Yeats (1865–1939)1

“… the globalization project is in crisis … We have … entered a
historical maelstrom marked by prolonged economic crisis, the
spread of global resistance, the reappearance of the balance of
power among centre states, and the re-emergence of acute inter-
imperialist contradictions.”

—Walden Bello2

“About 2.7 billion people, or over half the developing world’s
population, live on less that $2 a day … At the other end of the
spectrum, in 2006 the world has 293 billionaires with a combined
wealth of $2.6 trillion—equivalent to 20 per cent of the United
States’ annual gross domestic product (GDP) … in 2006 … an av-
erage billionaire could have hired nearly 2 million of these (the
poorest half of the worlds’) workers.”

—Homer-Dixon3

The ideal of globalization implies the development of a cohesive world, one in which there is greater togetherness, openness, and prosperity for all. Open global markets and increased international trade are supposed

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