World on Fire: How Exporting Free Market Democracy Breeds Ethnic Hatred and Global Instability

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Anchor Books, 2004 - Business & Economics - 346 pages
4 Reviews
For over a decade now, the reigning consensus has held that the combination of free markets and democracy would transform the third world and sweep away the ethnic hatred and religious zealotry associated with underdevelopment. In this astute, original, and surprising investigation of the true impact of globalization, Yale Law School professor Amy Chua explains why many developing countries are in fact consumed by ethnic violence after adopting free market democracy.

Chua shows how in non-Western countries around the globe, free markets have concentrated starkly disproportionate wealth in the hands of a resented ethnic minority. These “market-dominant minorities” – Chinese in Southeast Asia, Croatians in the former Yugoslavia, whites in Latin America and South Africa, Indians in East Africa, Lebanese in West Africa, Jews in post-communist Russia – become objects of violent hatred. At the same time, democracy empowers the impoverished majority, unleashing ethnic demagoguery, confiscation, and sometimes genocidal revenge. She also argues that the United States has become the world’s most visible market-dominant minority, a fact that helps explain the rising tide of anti-Americanism around the world. Chua is a friend of globalization, but she urges us to find ways to spread its benefits and curb its most destructive aspects.
 

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Global Investor’s Perspective

User Review  - Vitaly Veksler - Borders

“World on Fire” is one of the most useful and interesting books I have read in a while. It provides information on who “market dominant minorities” in various corners of the world are and how they ... Read full review

LibraryThing Review

User Review  - mrtall - LibraryThing

Amy Chua has identified a wedge issue that's been previously under-analysed, if not unnoticed, and has driven in that wedge about as far as it will go. The issue? The fact, that in so many countries ... Read full review

Contents

Globalization and Ethnic Hatred
1
Rubies and Rice Paddies
23
Llama Fetuses Latifundia and La Blue Chip Numero
49
The Seventh Oligarch
77
The Ibo of Cameroon
95
The Political Consequences of Globalization
123
Expulsions and Genocide
163
s Mixing Blood
177
The Underside of Western Free Market Democracy
189
to The Middle Eastern Cauldron
211
Why They Hate
229
The Future of Free Market Democracy
259
Afterword
289
Notes
295
Copyright

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About the author (2004)

Amy Chua is the John M. Duff Professor of Law at Yale Law School. She is a noted expert in the fields of international business, ethnic conflict, and globalization. Her first book, World on Fire: How Exporting Free Market Democracy Breeds Ethnic Hatred and Global Instability, a New York Times bestseller, was selected by both The Economist and the U.K.'s Guardian as one of the Best Books of the Year. Her second book, Day of Empire: How Hyperpowers Rise to Global Dominance-and Why They Fall, was a critically acclaimed Foreign Affairs bestseller. She lives in New Haven, Connecticut, with her husband and two daughters.

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