Cobb, John B., Jr. "Global Economy and its Theortical Analysis." In Globalization and Postmodernism. Ed. Wang, Zhihe & Xue, Xiaoyuan. China: Guangxi Normal University Press. 2003. 40-54. 

Abstract

The integration of world economies embodies by the international agreements, such as the General Agreement on Tariffs and trade, the World Trade Organization, the World Bank, the European Community, the American Free Trade Agreement, and the Transnational Corporation, assumes the irreversible tendency promoted by the process of privatization and the goal of the neo-liberal economics that is to break the regional monopoly. Economy and economics have becomes the structural information of the world. The two presuppositions of economics, which are the selfish homo ecenomicus and the dualism between the world of mankind and the unhuman world, are the profound cornerstone of the global economy. The practice of the homo economics makes the distance of the rich and the poor wider while the dualism dotes on Man so that he will become the animal who destroys the environment unrestrictedly. The Mankind must think coldly over the new-world situation