The Wealth of the World and the Poverty of Nations

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Overview

The present situation, in which poor nations are becoming richer and rich nations poorer, gives credence to the idea that the former phenomenon is responsible for the latter. The great fear of many in the West is that trade with India, China,or the former Soviet Union will cause a collapse of the welfare state and of society's well-being."Globalization" has become a loaded term. Should we believe,literally, that trade with poor nations can be blamed for our "impoverishment"? In this book, Daniel Cohen claims that there is practically no foundation for such an alarmist position. We need to reverse the commonly held view that globalization has caused today's insecure labor market. On the contrary, Cohen argues, our own propensity for transforming the nature of work has created a niche for globalization and given it an ominous dimension, causing some to reject it. Pursuing this erroneous line of thought will place the battle for social welfare "on the sidelines" when it should be fought "on the inside." Such errors in analysis must not persist; as Cohen says, the stakes are too high.

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Editorial Reviews

Finance & Development
...[With] a clear and eloquent style...Cohen offers a provocative and elegantly argued...plea for democracies to reexamine their political foundations.
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Product Details

  • ISBN-13: 9780262032537
  • Publisher: MIT Press
  • Publication date: 3/13/1998
  • Edition description: New Edition
  • Pages: 148
  • Product dimensions: 5.60 (w) x 8.10 (h) x 0.70 (d)

Meet the Author

Daniel Cohen is Professor of Economics at the École Normale Supérieure and the Université de Paris-I. A member of the Council of Economic Analysis of the French Prime Minister, he is the author of The Wealth of the World and the Poverty of Nations, Our Modern Times: The Nature of Capitalism in the Information Age, Globalization and Its Enemies, and Three Lectures on Post-Industrial Society, all published by the MIT Press.

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Table of Contents

Introduction 1
1 The Poverty of the World 5
2 A Tale of Two Cities 17
3 The Great Fear of the Western World 31
4 The Third Industrial Revolution 47
5 Assortative Matching 63
6 Unemployment and Exclusion 77
7 The Poverty of Politics 93
Conclusion 111
Epilogue: The World's Odyssey 115
Notes 127
Index 135
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