These three chapters did really well at explaining that globalization is heavily influenced by powerful organizations. In Chapter 22, the author does a really good job at explaining an example of how the U.S. has been such a major on a global scale, and specifically how it's compared to wealthy countries around the world, such as China. The chapter explains how much the U.S. is in control, despite not needing to have a desire in what it's impacting around the world. Their impact on globalization isn't only due to their impact on trade either, it's also caused by their prominent monetary footprint due to the Federal Reserve.
Chapter 27 focuses specifically on the positives and negatives of globalization, and how people around the world feel about it. One of the things that I found particularly interesting was when they talked about the negative impact investors can have on a developing country. When investors invest in countries, but then suddenly pull out, it can leave that place in economic devastation. In the IMF'S early years, they would often blame the countries instead of controversial policies. They explained that developing countries weren't being extorted or taken advantage of by these policies, but instead were being punished for pursuing poor economic policies.
In Chapter 33, the focus is put on the IMF and its strategies. The IMF's main goal has been promoting economic growth in developing countries, but hasn't been incredibly effective. In fact, IMF programs could have in fact have had a negative effect on economic growth for these countries. However, the IMF has had a success in assisting in issues relating to balance of payments. In other words, the IMF has been good for insuring economic exchanges, but has heavily struggled when it comes to trying to help developing countries become integral parts of the world stage.
