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Truth, Errors, and Lies: Politics and Economics in a Volatile World resources

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4. Globalization—and Then What? 431 of the KGB, The World Was Going Our Way: The KGB and the Battle for the Third World (New York: Basic Books, 2005). 11 .Globalization, Growth and Poverty: Building an Inclusive World Economy (Washington, DC: World Bank, 2002). 12 . On the relationship between globalization and the postsocialist trans- formation, see Grzegorz W. Kolodko, The World Economy and Great Post- communist Change (New York: Nova Science Publishers, 2006); and Saul Estrin, Grzegorz W. Kolodko, and Milica Uvalic (eds.), Transition and Beyond (New York: Palgrave Macmillan, 2007). 13 . Lester C.Thurow, The Future of Capitalism: How Today ’s Economic Forces Shape Tomorrow ’s World (New York: William Morrow, 1996), p. 115. 14 .World Economic Outlook: Spillovers and Cycles in the Global Economy (Washington, DC: International Monetary Fund, 2007), and especially chap- ter 5, “The Globalization of Labor,” pp. 161–192. 15 . Joseph E. Stiglitz, Making Globalization Work (New York: W. W. Nor- ton, 2007). 16 . Jeffrey Frieden, Will Global Capitalism Fall Again? Bruegel Essay and Lecture Series , June 2006. 17 . John Man, Genghis Khan: Life, Death, and Resurrection (London: Ban- tam Books, 2004). 18 . Jung Chang and John Halliday, Mao: The Unknown Story (London: Jon- athan Cape, 2005), especially chapter 5, “Maoism Goes Global,” pp. 478–489. 19 . The CFA franc is used in fourteen countries, including twelve former French colonies, as well as Guinea Bissau (formerly Portuguese) and Equito- rial Guinea (formerly Spanish). The total population of the zone is about 120 million. The CFA was pegged fi 1999, to the euro at rst to the franc and, since 1 to 655.957. In fact, there are two separate legal tenders at this peg, the West African franc (XAF) in Benin, Burkina Faso, Guinea Bissau, Mali, Niger, Senegal, Togo, and Côte d’Ivoire, and the Central African franc (XOF) in Chad, Gabon, Equitorial Guinea, Cameroon, Congo-Brazzaville, and the Central African Republic 20 . The East Caribbean dollar (XCI) has been used since 1965 in the eight OECS countries, with their population of 600,000, plus Anguilla and Mont- serrat. The British Virgin Islands, an OECS country, uses the U.S. dollar. The XCI is pegged at $1US to 2.7 EC$. 21 . Of the twenty-seven E.U. member states, sixteen belong to the Euro- zone: Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. Slovakia and Slovenia are the only two postsocialist countries in the group. The sixteen countries have a total of some 330 million residents. All the other E.U. members states are under an obligation to join the eurozone upon meeting the strict fi scal and monetary convergence criteria set by the

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