Table Of ContentBEYOND FREE MARKET
This book explores the causes and consequences of market failure in bridging societal
differences to create a shared economy. It questions the current world order and eval-
uates socio-economic gains in reference to the social origins of the economic agents.
With a need to counterbalance economic growth with social equality and
environmental sustainability, the book proposes innovative approaches to address
key questions on the contemporary global economy such as, “Is the Global socio-
economic order supportive of the pursuit of rational and enlightened self-interest?”,
“Is it a unipolar power centre and neoliberal economic policy regime?”, “Can the
system reinvent itself?”, etc. One approach encourages going back to the golden
past and making things “great again”, insisting that history has ended, and the fail-
ures of old global institutions be blamed on the “Clash of Civilizations”. Another
approach advocates giving up the intellectual comfort zone of elegant but irrele-
vant neo-liberal explanations of global challenges and asking new questions that
take academic debate to the public square. The book examines the internal chal-
lenges and contradictions that cause disintegration and proposes alternative ideas
and practices in moving the global community beyond the free market regime.
The book will appeal to students and academics of development studies, polit-
ical economy, political science, sociology, as well as policymakers and public
opinion makers interested in creating a new egalitarian global society.
Fayyaz Baqir is a visiting scholar at the University of Ottawa. He served as
senior advisor on civil society at the United Nations, and CEO of Trust for
Voluntary Organizations. He received top contributors’ awards from UNDP’s
global poverty reduction network.
Sanni Yaya is Full Professor of Economics and Global Health in the School of
International Development and Global Studies at the University of Ottawa and
holds the Senghor Research Chair in Health and Development.
The Dynamics of Economic Space
This series aims to play a leading international role in the development, promulgation
and dissemination of new ideas in economic geography. It has as its goal the develop-
ment of a strong analytical perspective on the processes, problems and policies asso-
ciated with the dynamics of local and regional economies as they are incorporated
into the globalizing world economy. In recognition of the increasing complexity
of the world economy, the Commission’s interests include: industrial production;
business, professional and financial services, and the broader service economy includ-
ing e-business; corporations, corporate power, enterprise and entrepreneurship; the
changing world of work and intensifying economic interconnectedness.
Interdependent and Uneven Development
Global–Local Perspectives
Edited by Michael Taylor and Sergio Conti
The Industrial Enterprise and its Environment
Spatial Perspectives
Edited by Sergio Conti, Edward J. Malecki and Päivi Oinas
Towards Coastal Resilience and Sustainability
Edited by C. Patrick Heidkamp and John Morrissey
Better Spending for Localizing Global Sustainable
Development Goals
Examples from the Field
Edited by Fayyaz Baqir, Nipa Banerjee and Sanni Yaya
Agritourism, Wine Tourism, and Craft Beer Tourism
Local Responses to Peripherality Through Tourism Niches
Edited by Maria Giulia Pezzi, Alessandra Faggian, and Neil Reid
Rural-Urban Linkages for Sustainable Development
Edited by Armin Kratzer and Jutta Kister
Beyond Free Market
Social Inclusion and Globalization
Edited by Fayyaz Baqir and Sanni Yaya
BEYOND FREE MARKET
Social Inclusion and Globalization
Edited by
Fayyaz Baqir and
Sanni Yaya
First published 2021
by Routledge
2 Park Square, Milton Park, Abingdon, Oxon OX14 4RN
and by Routledge
605 Third Avenue, New York, NY 10158
Routledge is an imprint of the Taylor & Francis Group, an informa business
© 2021 selection and editorial matter, Fayyaz Baqir and Sanni Yaya;
individual chapters, the contributors
The right of Fayyaz Baqir and Sanni Yaya to be identified as the
authors of the editorial material, and of the authors for their individual
chapters, has been asserted in accordance with sections 77 and 78 of the
Copyright, Designs and Patents Act 1988.
All rights reserved. No part of this book may be reprinted or reproduced
or utilised in any form or by any electronic, mechanical, or other
means, now known or hereafter invented, including photocopying and
recording, or in any information storage or retrieval system, without
permission in writing from the publishers.
Trademark notice: Product or corporate names may be trademarks
or registered trademarks, and are used only for identification and
explanation without intent to infringe.
British Library Cataloguing-in-Publication Data
A catalogue record for this book is available from the British Library
Library of Congress Cataloging-in-Publication Data
A catalog record has been requested for this book
ISBN: 978-0-367-55328-9 (hbk)
ISBN: 978-1-003-09302-2 (ebk)
ISBN: 978-0-367-55333-3 (pbk)
Typeset in Bembo
by KnowledgeWorks Global Ltd.
Dedicated to time, the greatest teacher, that invites us to
discover truth veiled in mystery.
CONTENTS
List of figures ix
List of tables x
List of contributors xi
1 Introduction 1
Fayyaz Baqir
2 Development alternatives beyond the “free market”:
Progressive capitalism and democratic socialism 16
Susan Spronk
3 Social reproduction, social movements
and market failure 29
Adrian Murray
4 Globalization and the twin scourges of illiberalism
and inequality 44
Syed Mansoob Murshed
5 Gender, climate, and conflict in forced migration 57
Tricia Glazebrook
6 Human greed versus human needs: Decarbonization
of the global economy 72
Furqan Asif
viii Contents
7 The fall of the dollar 83
Abdullah Al Mamun and Sanni Yaya
8 Dream and reality of free mobility in asian labor
migration regimes 97
Kazue Takamura
9 Demography, development and demagogues.
Is population growth good or bad for economic
development? 109
Sanni Yaya, Helena Yeboah and Ogochukwu Udenigwe
10 Sharing the pie? The fourth industrial revolution
and the sharing/platform economy: Distributive
justice implications 125
Rasul Bakhsh Rais
11 Uneven development, discrimination in housing
and organized resistance 141
Nima Hussein and Josh Hawley
12 The fear for another revolution/colonialism:
The evolution of the monroe doctrine as an instrument
of racist domination and hegemony in the caribbean 157
Juan Velásquez Atehortúa
13 International development financing in a post-bretton
woods world 174
Syed Sajjadur Rahman
14 Turning the tide on canada, the empire: Genuine
reconciliation, pluriversality, and indigeneity 191
Carolyn Laude
15 Civil society and the fault lines of global democracy 203
Fayyaz Baqir
Index 218
LIST OF FIGURES
9.1 Global population growth estimates 1950–2020
by regions 111
9.2 Global population estimates and projections
1950–2100 by regions 112
9.3 Continental population share for 2020 and 2100 112
9.4 By age group: the growth of the population
to 2100, Africa 114
9.5 Population pyramid – Ethiopia 1990 116
9.6 Population pyramid – Ethiopia 2030 117
9.7 Population distribution – Nigeria 1990 118
9.8 Population pyramid – Nigeria 2030 119
13.1 Aid patterns 184
