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Globalization Paradox: Why Global Markets, States, and Democracy Can't Coexist

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Globalization, Rodrik argues, rests on shaky foundations. Despite the benefits it has brought to much of the world, there are prof... Weiterlesen
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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'


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).


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.


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


Titel: Globalization Paradox: Why Global Markets, States, and Democracy Can't Coexist
Untertitel: Why Global Markets, States, and Democracy Can't Coexist
EAN: 9780191634246
ISBN: 978-0-19-163424-6
Digitaler Kopierschutz: Adobe-DRM
Format: E-Book (pdf)
Herausgeber: Oup Oxford
Genre: Wirtschaft
Anzahl Seiten: 368
Veröffentlichung: 17.05.2012
Jahr: 2011
Untertitel: Englisch
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