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The Globalization Paradox

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

Dani Rodrik

May 2012

ISBN: 9780199652525

370 pages
Paperback
234x156mm

In Stock

Price: £10.99

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'

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Description

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'

  • A leading economist sounds a warning note over globalization's desirability and viability
  • An enlightening history of world trade and economics over the last century
  • Pinpoints the conflict of interests between democracy, national determination, and economic globalization
  • Presents the case for a new type of globalization

About the Author(s)

Dani Rodrik, Rafiq Hariri Professor of International Political Economy, John F. Kennedy School of Government, Harvard University, USA

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).

Table of Contents

    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

Reviews

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