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This exciting book is a tour de force, spanning a broad range of approaches to development. It does not stop at critique, as so many previous books on these issues have done, but offers a unique perspective on future possibilities and the shape of things to come. It should be essential reading on all development studies courses' - Andrea Cornwall, Institute of Development Studies, University of SussexPraise for the previous edition:'This marvellous book should be read by every social scientist interested in development studies' - Keith Griffin, University of California, RiversideThis is the se

ABSTRACTThis article argues that the rise of emerging societies is a major turn in globalization and holds significant emancipatory potential. North–South relations have been dominant for 200 years and now an East–South turn is taking shape. The 2008 economic crisis is part of a global rebalancing process. Ongoing developments can be read in two ways: towards recalibrating the old order, or towards the emergence of new logics, which can be simplified as a tale of two scripts. One is global plutocracy with Anglo‐American capitalism and financial markets in the West back in the lead and emerging markets joining the club. An instrument for achieving this is the hegemonic ideology of 'global rebalancing'. On the other end of the continuum is the script of emancipatory multipolarity, considering that countries representing the majority of the world population have joined the global head table. This essay discusses global rebalancing, global plutocracy and emancipatory multipolarity, before taking on the conceptual question of capitalism or capitalisms. Ultimately, the author concludes that developments are layered and that elements of both scripts are combining.

ABSTRACTThis contribution explores what, in outline, an agenda of emancipatory cosmopolitanism would consist of. The first step in this treatment is to scrutinize capitalist cosmopolitanism as the dominant variant of cosmopolitanism. Understanding its influence is crucial to the task of counterbalancing it. The second section concerns the strange double life of conventional cosmopolitanism, which, while claiming universality, reflects a regional, parochial order. This paper argues that if globalization is multipolar then cosmopolitanism too is multicentric and this involves overcoming West‐centrism or monocultural cosmopolitanism. Third, whilst acknowledging the importance of the reflection on planetary ethics, the tendency toward normative abstraction is problematic; bringing history back into cosmopolitanism is necessary as a counterpoint to monocultural cosmopolitanism.