The Globalization Paradox: Democracy and the Future of the World Economy

The Globalization Paradox: Democracy and the Future of the World Economy

3.7 7
by Dani Rodrik
     
 

ISBN-10: 0393071618

ISBN-13: 9780393071610

Pub. Date: 02/21/2011

Publisher: Norton, W. W. & Company, Inc.

From the mercantile monopolies of seventeenth-century empires to the modern-day authority of the WTO, IMF, and World Bank, the nations of the world have struggled to effectively harness globalization's promise. The economic narratives that underpinned these eras—the gold standard, the Bretton Woods regime, the "Washington Consensus"—brought great

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Overview

From the mercantile monopolies of seventeenth-century empires to the modern-day authority of the WTO, IMF, and World Bank, the nations of the world have struggled to effectively harness globalization's promise. The economic narratives that underpinned these eras—the gold standard, the Bretton Woods regime, the "Washington Consensus"—brought great success and great failure. In this eloquent challenge to the reigning wisdom on globalization, Dani Rodrik offers a new narrative, one that embraces an ineluctable tension: we cannot simultaneously pursue democracy, national self-determination, and economic globalization. When the social arrangements of democracies inevitably clash with the international demands of globalization, national priorities should take precedence. Combining history with insight, humor with good-natured critique, Rodrik's case for a customizable globalization supported by a light frame of international rules shows the way to a balanced prosperity as we confront today's global challenges in trade, finance, and labor markets.

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Product Details

ISBN-13:
9780393071610
Publisher:
Norton, W. W. & Company, Inc.
Publication date:
02/21/2011
Pages:
368
Sales rank:
1,196,914
Product dimensions:
6.40(w) x 9.30(h) x 1.10(d)

Table of Contents

Introduction: Recasting Globalization's Narrative ix

1 Of Markets and States: Globalization in History's Mirror 3

2 The Rise and Fall of the First Great Globalization 24

3 Why Doesn't Everyone Get the Case for Free Trade? 47

4 Bretton Woods, GATT, and the WTO: Trade in a Politicized World 67

5 Financial Globalization Follies 89

6 The Foxes and hedgehogs of Finance 112

7 Poor Countries in a Rich World 135

8 Trade Fundamentalism in the Tropics 159

9 The Political Trilemma of the World Economy 184

10 Is Global Governance Feasible? Is It Desirable? 207

11 Designing Capitalism 3.0 233

12 A Sane Globalization 251

Afterword: A Bedtime Story for Grown-ups 281

Notes 285

Acknowledgments 319

Index 321

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