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"From the suites of Davos to the streets of Seattle, there is a growing consensus that globalization must now be reshaped to reflect values broader than simply the freedom of capital." (Sweeny) Globalization is a force which is presently being used only in the sense of "the freedom of capital" (Sweeney); something which is not all that free. This is discussed in Stilglitz's Globalization and Its Discontents, and in Escobar's Encountering Development: The Making and the Unmaking of the Third World, whereas globalization should be viewed as an instrument to facilitate the use of an untouched global free-market system. In addition, global institutions should use upgrading and innovation globally to help with third world's development, as discussed in Humphrey and Schmitz's Governance and Upgrading: Linking industrial Clusters and Global Value Chain Research, and in Freeman's A Schumpeterian Renaissance? However, in using what are thought to be helpful market-recovery institutions,......

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Approximate Word Count: 1840
Approximate Pages: 8 (250 words per double-spaced page)

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