The Globalization Paradox

Why Global Markets, States, and Democracy Can't Coexist

Häftad, Engelska, 2012

179 kr

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For a century, economists have driven forward the cause of globalization in financial institutions, labour markets, and trade. Yet there have been consistent warning signs that a global economy and free trade might not always be advantageous. Where are the pressure points? What could be done about them? Dani Rodrik examines the back-story from its seventeenth-century origins through the milestones of the gold standard, the Bretton Woods Agreement, and the Washington Consensus, to the present day. Although economic globalization has enabled unprecedented levels of prosperity in advanced countries and has been a boon to hundreds of millions of poor workers in China and elsewhere in Asia, it is a concept that rests on shaky pillars, he contends. Its long-term sustainability is not a given. The heart of Rodrik's argument is a fundamental 'trilemma': that we cannot simultaneously pursue democracy, national self-determination, and economic globalization. Give too much power to governments, and you have protectionism. Give markets too much freedom, and you have an unstable world economy with little social and political support from those it is supposed to help. Rodrik argues for smart globalization, not maximum globalization.

Produktinformation

Utgivningsdatum2012-05-17
Mått159 x 240 x 19 mm
Vikt554 g
FormatHäftad
SpråkEngelska
Antal sidor370
FörlagOUP OXFORD
ISBN9780199652525

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Dani Rodrik is one of the world's top economists, well known for his original and prescient analyses of globalization and economic development. His ideas on improving national and global economic policies-in the fields of trade, industry, finance, and growth-have been highly influential among economists and policy makers alike. His 1997 book Has Globalization Gone Too Far? was called one of the decade's best economics books in Business Week. Rodrik's syndicated monthly columns for the Project Syndicate network are published in scores of newspapers around the world. His blog, "Unconventional thoughts on economic development and globalization" is widely read and frequently cited in newspapers and magazines such as The New York Times and The Economist. In 2007, he was recognized as the first recipient of the prestigious Albert O. Hirschman award of the Social Science Research Council (New York).

Introduction: Recasting Globalization's Narrative ; 1. Of States and Markets: Globalization in History's Mirror ; 2. The Rise and Fall of the First Great Globalization ; 3. Why Doesn't Everyone Get the Case for Free Trade? ; 4. Bretton Woods, GATT, and the WTO: Trade in a Politicized World ; 5. Financial Globalization Follies ; 6. The Foxes and Hedgehogs of Finance ; 7. Poor Countries in a Rich World ; 8. Trade Fundamentalism in the Tropics ; 9. The Political Trilemma of the World Economy ; 10. Is Global Governance Feasible? Is It Desirable? ; 11. Designing Capitalism ; 12. A Sane Globalization ; Afterword: A Bedtime Story for Grown-ups

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Franklin Allen, Jere R. Behrman, Nancy Birdsall, Shahrokh Fardoust, Dani Rodrik, Andrew Steer, Arvind Subramanian, Wharton Financial Institutions Center) Allen, Franklin (Nippon Life Professor of Finance and Economics and Co-Director, University of Pennsylvania) Behrman, Jere R. (William R. Kenan Jr. Professor of Economics and Sociology, Center for Global Development) Birdsall, Nancy (President, World Bank) Fardoust, Shahrokh (President, International Economic Consultants, LLC, and former Director of Strategy and Operations, Development Economics, Harvard University) Rodrik, Dani (Ford Foundation Professor of International Political Economy, John F. Kennedy School of Government, World Resources Institute) Steer, Andrew (President and CEO, Peterson Institute for International Economics and Center for Global Development) Subramanian, Arvind (Senior Fellow