Globalization is a popular topic at Five Books, and we're proud to have reading lists on it some eminent economists, such as Dani Rodrik and Larry Summers of Harvard. In this section, we explore both globalisation and some of the issues that go with it, like the economic effects of immigration. Inequality is another side-effect of globalisation, as some people are able to capitalize and make the most of the global market, and others lose their jobs and are left behind by the economic changes it wreaks. You can find our books devoted to the issue of economic inequality here.
What is economic development? What does it take to make it happen? What can we learn from the days Britain was still a developing country? Eminent Indian economist, Pranab Bardhan, recommends the best books to better understand economic development.
Globalization benefits mankind and we are learning how better to deal with the disruption it causes. But one thing is for sure, the laws of economics are no more escapable than the laws of physics. Harvard professor and former US Treasury secretary, Larry Summers, recommends the best books on globalization.
The New Division of Labor: How Computers Are Creating the Next Job Market
by Frank Levy & Richard J Murnane
The Race between Education and Technology
by Claudia Goldin and Lawrence F Katz
Essays in Persuasion
by John Maynard Keynes
Future Politics: Living Together in a World Transformed by Tech
by Jamie Susskind
Marienthal: The Sociography of an Unemployed Community
by Hans Zeisel, Marie Jahoda & Paul F Lazarsfeld
For many us, work is not only a vital source of income, but also an important part of our identity. As computers become ever better at doing jobs that used to be the exclusive preserve of humans, the work available to us and the rewards for doing it will change dramatically. As economist Daniel Susskind explains, these developments are going to force us to rethink how society as a whole works at a very fundamental level, changing the role of the state, the way we think about how individuals contribute to society and how they can, or should, be rewarded.
It’s not the first period in history that American society has suffered from a crisis of inequality. Former labour secretary, Robert Reich, recommends books to help us understand the response of previous generations to the same kinds of challenges we now face.