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The Globalization Paradox: Why Global Markets, States, and Democracy Can´t Coexist
Dani Rodrik
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Description for The Globalization Paradox: Why Global Markets, States, and Democracy Can´t Coexist
Paperback. Globalization, Rodrik argues, rests on shaky foundations. Despite the benefits it has brought to much of the world, there are profound conflicts of interest between democracy, national determination, and full economic globalization. He traces the idea's history, pinpoints its weaknesses, and points the way forward to a new 'smart globalization' Num Pages: 368 pages. BIC Classification: JFFS; KCL; KCZ. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 152 x 233 x 19. Weight in Grams: 538.
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.
Product Details
Publisher
Oxford University Press United Kingdom
Number of pages
368
Format
Paperback
Publication date
2012
Condition
New
Weight
557g
Number of Pages
370
Place of Publication
Oxford, United Kingdom
ISBN
9780199652525
SKU
V9780199652525
Shipping Time
Usually ships in 4 to 8 working days
Ref
99-5
About Dani Rodrik
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).
Reviews for The Globalization Paradox: Why Global Markets, States, and Democracy Can´t Coexist
Review from previous edition This book takes on the biggest issue of our time - globalization - and eloquently enlarges the debate about the extent and limits of global cooperation
Gordon Brown, MP
In this powerfully argued book, Dani Rodrik makes the case for country-specific paths to economic development and saner, more sustainable forms of growth. A provocative look at the excesses of hyper-globalization, The Globalization Paradox should be required reading for those who seek to prevent the financial crises and unfair trade practices that feed the backlash against open markets
Nouriel Roubini, co-author of Crisis Economics: A Crash Course in the Future of Finance
Dani Rodrik may be globalization's most prominent - and most thoughtful - gadfly. In The Globalization Paradox, he wonders aloud whether extreme globalization undermines democracy - and vice-versa. Read it and you'll wonder, too
Alan S. Blinder, former Vice Chairman of the Board of Governors of the U.S. Federal Reserve
His excellent new book is a sequel to an earlier book about the often disruptive impact of international trade on national labor markets and social policies. The new book develops and extends this theme to include financial globalization... Rodrik concludes by considering how the world economy might be reformed
Robert Rowthorn, Finance and Development
His message is nuanced and rigorous, drawing on history, logic and the latest economic data, he manages to convey it in simple, powerful prose tht any reader can follow
Steven Pearlstein, The Washington Post
Simply the best recent treatment of the globalization dilemma. . . he gives us nothing less than a general theory of globalization, development, democracy, and the state. The book provides the pleasure of following a thoughtful, critical mind working through a complex puzzle. Rodrik writes in highly friendly and nontechnical prose, blending a wide-ranging knowledge of economic history and politics and a gentle, occasionally incredulous, skepticism about the narrow and distorting lens of his fellow economists
Robert Kuttner, The American Prospect
Gordon Brown, MP
In this powerfully argued book, Dani Rodrik makes the case for country-specific paths to economic development and saner, more sustainable forms of growth. A provocative look at the excesses of hyper-globalization, The Globalization Paradox should be required reading for those who seek to prevent the financial crises and unfair trade practices that feed the backlash against open markets
Nouriel Roubini, co-author of Crisis Economics: A Crash Course in the Future of Finance
Dani Rodrik may be globalization's most prominent - and most thoughtful - gadfly. In The Globalization Paradox, he wonders aloud whether extreme globalization undermines democracy - and vice-versa. Read it and you'll wonder, too
Alan S. Blinder, former Vice Chairman of the Board of Governors of the U.S. Federal Reserve
His excellent new book is a sequel to an earlier book about the often disruptive impact of international trade on national labor markets and social policies. The new book develops and extends this theme to include financial globalization... Rodrik concludes by considering how the world economy might be reformed
Robert Rowthorn, Finance and Development
His message is nuanced and rigorous, drawing on history, logic and the latest economic data, he manages to convey it in simple, powerful prose tht any reader can follow
Steven Pearlstein, The Washington Post
Simply the best recent treatment of the globalization dilemma. . . he gives us nothing less than a general theory of globalization, development, democracy, and the state. The book provides the pleasure of following a thoughtful, critical mind working through a complex puzzle. Rodrik writes in highly friendly and nontechnical prose, blending a wide-ranging knowledge of economic history and politics and a gentle, occasionally incredulous, skepticism about the narrow and distorting lens of his fellow economists
Robert Kuttner, The American Prospect