Globalization and the Race to the Bottom in Developing Countries: Who Really Gets Hurt?

Globalization and the Race to the Bottom in Developing Countries: Who Really Gets Hurt?

by Nita Rudra
     
 

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ISBN-10: 0521715032

ISBN-13: 9780521715034

Pub. Date: 10/13/2008

Publisher: Cambridge University Press

The advance of economic globalization has led many academics, policy-makers, and activists to warn that it leads to a 'race to the bottom'. In a world increasingly free of restrictions on trade and capital flows, developing nations that cut public services are risking detrimental effects to the populace. Conventional wisdom suggests that it is the poorer members of

Overview

The advance of economic globalization has led many academics, policy-makers, and activists to warn that it leads to a 'race to the bottom'. In a world increasingly free of restrictions on trade and capital flows, developing nations that cut public services are risking detrimental effects to the populace. Conventional wisdom suggests that it is the poorer members of these societies who stand to lose the most from these pressures on welfare protections, but this new study argues for a more complex conceptualization of the subject. Nita Rudra demonstrates how and why domestic institutions in developing nations have historically ignored the social needs of the poor; globalization neither takes away nor advances what never existed in the first place. It has been the lower- and upper-middle classes who have benefited the most from welfare systems and, consequently, it is they who are most vulnerable to globalization's race to the bottom.

Product Details

ISBN-13:
9780521715034
Publisher:
Cambridge University Press
Publication date:
10/13/2008
Edition description:
New Edition
Pages:
314
Product dimensions:
5.90(w) x 8.90(h) x 0.80(d)

Table of Contents

Preface; 1. Introduction; 2. The race to the bottom in developing countries; 3. Who really gets hurt?; 4. LDC welfare states: convergence? What are the implications?; 5. Globalization and the protective welfare state: case study of India; 6. Globalization and the productive welfare state: case study of South Korea; 7. Globalization and the dual welfare state: case study of Brazil; 8. Conclusions; Appendices.

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