Globalization Paradox Rodrik Dani Rafiq Hariri Professor of International Political Economy John F. Kennedy School of Government Harvard University USA
Globalization Paradox Rodrik Dani Rafiq Hariri Professor of International Political Economy John F. Kennedy School of Government Harvard University USA For a century, economists have driven forward…
Specifikacia Globalization Paradox Rodrik Dani Rafiq Hariri Professor of International Political Economy John F. Kennedy School of Government Harvard University USA
Globalization Paradox Rodrik Dani Rafiq Hariri Professor of International Political Economy John F. Kennedy School of Government Harvard University USA
For a century, economists have driven forward the cause of globalization in financial institutions, labour markets, and trade. Where are the pressure points? Yet there have been consistent warning signs that a global economy and free trade might not always be advantageous.
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. What could be done about them? 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.